Good time to start accumulating Sugar company stocks ....
Bajaj Hind and Renuka can be a good buy.... Coming season (2011-120 again going to be depressing year with likely production of approx 26mmt but it'll set up a real good season a year later... lets see how market plays out.. these are my own views.. :)
Growth of as much as 10% in sugar output this season from India -- the world's second-largest producer after Brazil -- could be significantly lower in the following harvest. India's production generally sees a three-year cycle, with two consecutive years of high production and one year of lower output. Head of the Indian Sugar Mills Association says those two years were the previous harvest and 2011-12 year. The 2012-13 harvest "is the question mark," Abinash Verma says. Raw-sugar futures are rebounding from a recent slump, mainly on doubts over Brazil's harvest size this year. July delivery recently 3.3% higher on ICE at 22.65c/lb.
Bajaj Hind and Renuka can be a good buy.... Coming season (2011-120 again going to be depressing year with likely production of approx 26mmt but it'll set up a real good season a year later... lets see how market plays out.. these are my own views.. :)
Growth of as much as 10% in sugar output this season from India -- the world's second-largest producer after Brazil -- could be significantly lower in the following harvest. India's production generally sees a three-year cycle, with two consecutive years of high production and one year of lower output. Head of the Indian Sugar Mills Association says those two years were the previous harvest and 2011-12 year. The 2012-13 harvest "is the question mark," Abinash Verma says. Raw-sugar futures are rebounding from a recent slump, mainly on doubts over Brazil's harvest size this year. July delivery recently 3.3% higher on ICE at 22.65c/lb.
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