Sugar stocks rally on global supply concerns and festive demand

Sugar stocks rallied sharply on Tuesday, with Balrampur Chini, Dhampur Sugar and EID Parry gaining up to 8%. The uptick was driven by raw sugar futures trading near two-year highs.

Global supply concerns in major producing regions—Brazil, Europe and Thailand—have raised expectations of tighter global sugar supplies. Stronger festive-season demand has added further support to the recent market rally.