Sugar stocks were under pressure since early trade on Wednesday after the cabinet committee on economic affairs (CCEA) deferred a decision on sugar decontrol yesterday. No new date has been fixed yet for taking up the issue.
The government was expected to discuss the much-awaited measure to abolish the levy-sugar mechanism, under which private millers are required to sell a specified amount of the sweetener to the government at concessional rates. The expert panel, headed by PMEAC Chairman C Rangarajan, had recommended immediate removal of two major controls - regulated release mechanism and levy sugar obligation in October 2012. Shree Renuka Sugars, Simbhaoli Sugar and Dharani Sugars tumbled more than 6 percent.| Company Name | Price at 13:43 hours IST | % Change |
| Andhra Sugar | 131.4 | -0.76 |
| Bajaj Hind | 20.1 | -3.83 |
| Balrampur Chini | 43.25 | -3.35 |
| Bannariamman | 900 | -0.01 |
| Dhampur Sugar | 44.3 | -5.24 |
| Dharani Sugars | 28.6 | -6.23 |
| Dwarikesh Sugar | 30.7 | -5.1 |
| EID Parry | 156.8 | -4.04 |
| Kesar Enterpris | 28.4 | -7.04 |
| Oudh Sugar Mill | 20.7 | -4.17 |
| Ponni Sugars(E) | 312 | -3.9 |
| Rajshree Sugars | 39.9 | -0.87 |
| Sakthi Sugars | 21.5 | -5.49 |
| Shree Renuka | 23.55 | -6.18 |
| Simbhaoli Sugar | 22.1 | -6.16 |
| Thiru Arooran | 61.5 | -2.38 |
| Upper Ganges | 38 | -3.8 |
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