Sugar stocks may gain further

Allahabad HC asks UP govt to scrap SAP for cane this year. Allahabad HC has asked the UP mills to pay Rs 81.18/q for cane this year. Effective cane price for UP mills is at Rs 90.19/q. Effective UP cane price is higher than SMP on better sugar recovery. Allahabad HC also has asked UP not to take action on mills with cane arrears. It is certainly a huge, huge positive news for Sugar companies located in UP.
VSNL announced that the company is constructing a new TGN Eurasia Cable System linking Mumbai directly to
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