November 9, 2018 / 5:40 AM / in 11 days

BUZZ-India's sugar stocks climb on plan to export 2 mln T raw sugar to China

** Shares of Indian sugar producers Dhampur Sugar Mills Ltd , Balrampur Chini Mills Ltd, Ugar Sugar Works Ltd, E.I.D-Parry (India) Ltd post gains in range of 3-5 pct

** India’s trade ministry said on Thursday that the country plans to export 2 mln tonnes of raw sugar to China from next year

** Producers’ body Indian Sugar Mills Association and China’s state trader COFCO have already signed an initial deal for 15,000 tonnes of sugar, the ministry said

** Ugar Sugar posts biggest intraday gain in >1 months, trades at volumes nearly 1.9 times its 30-day avg at 0511 GMT

** Ugar Sugar up 5 pct, Dhampur Sugar rises 4.2 pct, Balrampur Chini 3.3 pct, E.I.D-Parry up 4.8 pct

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