Positive Sugar Stocks, RENUKA Target extended upto 51.30

Raw sugar futures in New York fluctuated as poor monsoon rains in India, the second-largest grower, eased a recent bearish sentiment that pushed prices down in the two previous sessions.

India has received below-average rainfall during the current monsoon season, according to data from the Indian Meteorological Department.

That’s potentially harming the development of sugar-cane crops that will be harvested later this year.
Petroleum minister focus to increase ethanol from 15% to 20% in petrol and diesel – may surging sugar price
Expect positive for sugar stocks – Renuka Sugar, Balrampur Chini, Praj Industries
RENUKA Sugar Target could be extended upto 53.30