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Posted by :
khansameer
tgt-90 by aug 30
and 150 by jan`10 (reason:evrybdy
knws,so dnt ask y??...
global news
Posted by :
abhaytiw
Sugar Rises to Highest Since 1983 in London on Supply Shortfall
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By M. Shankar
Aug. 7 (Bloomberg) -- White sugar rose to a record in London on concern that adverse weather in producing nations such as India will mean a shortfall in supply.
With the Indian monsoon 64 percent below normal for the week ended Aug. 5, prices at Vashi, the country’s biggest wholesale-sugar market, rose to a record. China, the third- largest sugar producer after Brazil and India, said it may see a deficit of 1.5 million metric tons next year, according to an official from the National Development and Reform Commission.
“I remain cautiously positive as the market already discounted most of the bad news,” said Mehdi Chaouky, a research analyst in London at Diapason Commodities Management LLP, which has $6.5 billion invested in commodities. “The weather pattern is amplifying the price move.”
White, or refined, sugar for October delivery rose $11.60, or 2.2 percent, to $530.50 a ton on the Liffe exchange by 12:06 p.m. in London. It earlier reached $530.80, the highest since the contract started trading in July 1983, according to the exchange. Sugar has advanced in 11 of the past 13 sessions.
Raw sugar for October delivery gained 2.2 percent to 20.23 cents a pound on ICE Futures U.S. in New York, the highest for a most-active contract since April 1981. While refined sugar is up 66 percent this year, raw sugar has surged 71 percent.
Global Deficit
India, the world’s biggest sugar consumer and second- largest producer, is expected to import 5 million tons in 2009- 10, compared with an estimate of about 2.7 million tons this year, researcher Sucres & Denrees Group said last week. The country has contracted to import 2.9 million tons of raw sugar so far this year, Farm Minister Sharad Pawar said yesterday.
The global shortfall is projected to be 4 million tons next year, compared with a deficit of 8 million tons this year, according to Sucres & Denrees.
Mexico set a sugar import quota of 393,000 tons until December, according to the Federal Diary, which published the quota yesterday. The country needs to buy sugar from overseas to cover a decline in domestic production.
Inadequate rains in July last year cut Indian cane yields, causing sugar output to halve and turning the country into a net buyer for the first time since the 2005-06 season. Production is expected to drop 44 percent to 14.7 million tons in the year ending Sept. 30, the Indian Sugar Mills Association has said.
“A large portion of the investing community has been playing the theme of decreased sugar cane output in India and the extension of duty free imports by the Indian government,” said Chaouky of Diapason.
Among other agricultural commodities trading on Liffe, robusta coffee for September delivery fell $26, or 1.7 percent, to $1,468 a ton. Cocoa for the same month rose 2 pounds to 1,747 pounds ($2,924) a ton.
To contact the reporter on this story: M. Shankar in London
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NSE Announcements on Oudh Sugar Mill
Posted by : MMB MessengerMembers of the Exchange are hereby informed that 6757 partly paid up equity shares of The Oudh Sugar Mills Ltd. has become fully paid up on receipt of balance call money. In view of the above, above fully paid up shares shall be available for trading under the ISIN No. - INE594A01014 w.e.f. July 23, 2009....
Best below 30.00 RUPEE
Posted by :
AshutoshM
Looking at the market present condition the only buy thing is comod.... and out of this sugar is the only good looking share to buy at current level. buy as much as you can....
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Best below 30.00 RUPEE
Posted by : Guest
bEST BUY BELOW 30.00 RUPEE, REASON: See 10-15% correction in mkts: Aberdeen AMC
Published on Tue, Jul 14, 2009 at 10:58 , Updated at Tue, Jul 14, 2009 at 11:36
Source : CNBC-TV18
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Hugh Young, Managing Director of Aberdeen Asset Management Asia, said he expected another 10–15% correction in markets and added that 2010 outlook `was murky`.
According to Young, India remains expensive for the short term. He however said they had a substantial exposure in India for the long term, and that they would look to buy in Indian markets on corrections.
The monsoons were not a concern for long-term investors in India, Young said.
Also read: Mkts upswing may resume from Oct `09: AMP Capital
This story will be updated soon. Please check it in a while.
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Wait for Bottom
Posted by : b_udumbunthalachance to touch 30-32 level, market breath is like...
Wait for Bottom
Posted by : b_udumbunthalaGood share, chance to go -ve result, but in a good group. for good profit buy at bottom only, be wait for 38-40 levels on a market correction...
BSE Announcements on Oudh Sugar Mill
Posted by : MMB MessengerOudh Sugar Mills Ltd has informed BSE that instead of publishing the Unaudited Financial Results of the Company for the last quarter ended June 30, 2009 within one month of the close of the quarter i.e. by July 31, 2009, the Company will publish the Audited Financial Results for the financial year ended June 30, 2009 within a period of 3 months from the close of the Financial Year i.e. by September 30, 2009....
NSE Announcements on Oudh Sugar Mill
Posted by : MMB MessengerThe Oudh Sugar Mills Ltd has informed the Exchange that: "Instead of publishing the Unaudited Financial Results of the Company for the last quarter ended June 30, 2009 within one month of the close of the quarter i.e. by 31st July, 2009, we will publish the Audited Financial Results for the financial year ended June 30, 2009 within a period of 3 months from the close of the Financial Year i.e. by 30th September,2009"....
Valuations-
Posted by : readarticlemust buy as the results will be excellent for june qtr.. stock to reach 125 levels n next 2 mnths...
Valuations-
Posted by : jeet_kumarhelp plz.....watz the icici code for c & c construction. thnx...
Valuations-
Posted by : BAZEEGARAt CMP of 75 Rs. per share, it is trading at a very attractive valuation of only 3.5 P/E multiple of its FY2010 estimated earnings. We recommend investors to buy "Oudh Sugar Mills Limited" for medium to long-term investment horizon....
Organic Fertilizer :
Posted by : BAZEEGARBio-Compost Plant producing organic fertilizer marketed under the brand name "Oudh Shakti Jaivik Khad"....
Distilleries :
Posted by : BAZEEGAR
Hargaon Distillery, Hargaon, Dist. Sitapur (U.P.) with a capacity of producing 100 (KLPD) of Industrial Alcohol/Ethanol.
New Swadeshi Distillery, Narkatiaganj, Dist. West Champaran (Bihar) with a capacity of producing 60 (KLPD) of Industrial Alcohol/Ethanol.
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Sugar Mills :
Posted by : BAZEEGAR
Hargaon Sugar Mills, Hargaon, Dist. Sitapur(U.P.) with a crushing capacity of about 10,000 tonnes of sugarcane per day.
New Swadeshi Sugar Mills, Narkatiaganj, Dist. West Champaran (Bihar) with a crushing capacity of about 7,500 tonnes of sugarcane per day.
Rosa Sugar Works, Rosa, Dist. Shahjahanpur, (U.P.) with a crushing capacity of about 4,200 tonnes of sugarcane per day.
New India Sugar Mills, Hata, Dist. Kushinagar, (U.P.) with a crushing capacity of about 7,000 tonnes of sugarcane per day.
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