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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November 25, 2009
Settle Dispute With Farmers and Chinese Stocks Surge
Posted by Naga surender
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Stock Market Live
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