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Sugar sector: Bitter sweet times

Mar 4, 2009

The sugar sector which was in doldrums over the last two years has been gaining limelight in the last couple of months due to reversal in the sugar cycle and hike in prices. In this article we have a look at what is in store for the sector going forward.

Sugar: The current scenario

Mar 29, 2007

In the last six months, depressed domestic sugar prices led by domestic surplus and the inability of producers to export the surplus have turned the tables upside down for the sugar sector. The sugar companies have been hampered by a slew of poor performances over the last couple of quarters. In this article, we shall take a look at the scenario currently prevailing in the domestic sugar market as well as the exports scenario.

Identifying a sugar stock: Do's and Don'ts

Mar 8, 2007

In Views on News, Equitymaster has tried to highlight here some factors one should keep in mind before investing in an Sugar company. Know more

Sugar: Bitter times!

Dec 21, 2006

The sugar sector has been one of the biggest underperformers in last four months and while bull- run has gripped most of the other sectors, a wave of the opposite kind has been flowing across the sugar sector. An unclear view on sugar export, expected surplus of sugar and falling domestic and international prices seem to be the major culprits here.

Ethanol: A global perspective

Sep 28, 2006

Ethanol has gained importance as a fuel across the globe. Brazil was the first country to evolve this fuel out of sugarcane in the late 1970s. Ethanol production and use is expected to rise strongly and going forward, it will go along with an ever wider geographical spread. Ten years ago, there were only a handful of countries producing ethanol. The largest was Brazil, where ethanol is produced from molasses and sugar cane juice. The US produces mostly corn alcohol and in France, sugar beets are

Ethanol: The next big thing?

Sep 19, 2006

In recent times, there have been talks about the ethanol blending policy of the Indian Government. The government had introduced this policy in December 2002, stipulating a blending ratio of 5% in nine states and union territories. This increased the scope for the ethanol industry in the country. But due to some roadblocks on the pricing and supply between distilleries and oil refining companies, the 5% blending was discontinued in 2003. However, the program again took off in August 2005, when t

Sugar: Still a sweet story?

Jun 28, 2006

The stock markets continue to face tremendous pressure. The fall in stocks across sectors and categories over the last few sessions has been painful for retail investors. Sugar stocks have been one of the worst losers in the recent falls. However, despite the fall in stock prices, the sugar story is still ‘sweet’ from a long-term perspective. For long-term investors, this seems to be a good opportunity to enter the markets and buy stocks at more reasonable valuations. In this write-up, we take a

Sugar: A global perspective

Jun 7, 2006

The sugar market is highly regulated throughout the world. It is produced in over 100 countries with about two- thirds of the output consumed in the country of production. Brazil, India, the EU, Australia and Mexico are the largest producers of sugar. Trade barriers, including production quotas, guaranteed prices and import tariffs, impart a significant degree of distortion to international prices. We analyse the global scenario in brief and its implication on sugar prices.

Sugar: Macro Trends-II

May 24, 2006

In an earlier article, we gave an insight into the production and consumption aspects of the sugar industry. In this article, we take a look at some other aspects.

Sugar: Macro trends

May 22, 2006

India is the largest consumer and second largest producer of sugar in the world. The Rs 500 bn Indian sugar industry is also the second largest in the country’s agro-processing sector. It is a highly fragmented sector (453 operational sugar factories) with the largest private sector player accounting for a mere 3% of the market. India, as the world’s second largest producer of sugarcane (after Brazil) accounts for around 5% of global sugar production.

New clothes for the textile industry

May 10, 2000

The de-reservation of the textile sector and the decontrol of the sugar industry are a few of the measures proposed by a special group comprising Ratan Tata and Nusli Wadia. The group was set up to suggest ways to revive traditional industries including textiles, sugar, oilseeds and tea.

EID Parry's core businesses struggle

May 9, 2000

Other income accounted for almost 35% of EID Parry's pre–tax profits in the current year. This is what has helped the company to report a 14% growth in the bottomline.

EID Parry posted decline in net margins

Jan 31, 2000

EID Parry has posted a decline in net margins during the quarter ended 31st December 1999. The decline in margins is mainly due to a rise in total expenditure that has resulted in the erosion of operating margins.

Investment income buoys Tata Chem profits

Jan 22, 2000

Profit on the sale of shares of Rs 790 m contributed to Tata Chemicals tripling profits in the third quarter of the current year as compared to the third quarter of last year. If one were to exclude that the pre-tax profit has grown by a mere 3.3%. The company has mentioned that while the sales and the profits in the fertiliser division were higher vis-a-vis the last year, profitability in the chemical division was substantially lower due to import parity pricing of soda ash even though soda ash

EID Parry posts 16% growth in sales

Oct 23, 1999

EID Parry has managed to post a higher net profit margin due to a decline in non operating expenditure. The sharp jump in other income has also contributed to better margins.

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