Indian Sugar Supplies Rise Amid Climbing Crude Oil Prices
Mumbai– Shares of Indian sugar companies experienced a significant rally on Wednesday, March 4, opposing a more comprehensive market slump. The rise was fueled by rising crude oil prices, nearing $ 120 per barrel as a result of increased stress in West Asia.
- Key Gainers: Dhampur Sugar Mills, Dalmia Bharat Sugar, and Dwarikesh Sugar Industries saw gains in between 6 % and 10 %.
- Ethanol Boost: Rising oil rates are anticipated to enhance ethanol manufacturing, profiting sugar firms.
- Global Influence: Middle East conflict interfering with supply, impacting power markets around the world.
