November 25, 2009

Settle Dispute With Farmers and Chinese Stocks Surge

Farmers and sugar mills have been compromised after long disputes in Uttep pradesh.Sugar mills are buying the sugarcane RS 190-195 per quintal. This price is more than the Government support price. The Chairmen of Chinese Association of Uttar pradesh Ptudia c.B said that "This is a victory for the farmers of uttar pradesh. Chinese mills have agreed to their demands". After this announcement Chinese stocks looking stronge to 2.5-4%.

Due to conflict with farmers and sugar mills many mills had stopped the supply of sugarcane.In morning trade the shares of Sugar companies as follows.


Balrampur Chinese 2.6%,
Sri Renuka Sugar  1.8%,
Sugar Sinbuli 3.35%,
Keseepi Sugar's 4.38%,
Bajaj Hindusthan 3.8%,
Bajaj Hindusthan 3.8%,
Triveni Engineering 3.6%,
Dhampur sugar mill6.6% ,
best sugar 4.66%,
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