Sugar companies aregaining today in otherwise choppy market, with share prices of sugar firms including Dhampur Sugar and Dwarikesh Sugar trading higher after the government announced a limit on the amount of sugar that mills can sell in the market during February and March The government is hoping to prevent a glut of sugar from entering the market, which would trigger a drop in prices.
Wholesale prices are already up post announcement - at the Vashi wholesale market, prices were up Rs 15-20 a quintal, while naka rates gained Rs 40-50.