Sugar stocks gained 1-7 percent on Wednesday on reports that food minister will seek a cabinet approval for sugar decontrol.
The Economic Times reported that the food ministry has decided to seek Cabinet approval to lift controls on sugar, the first time such a proposal will be taken to the highest decision-making body of the government since the sector was brought under strict regulation 50 years ago. In October 2012, the Rangarajan Committee recommended deregulation of the sugar sector by giving freedom to mills to sell sugar in the open market. The crux of the recommendation is to use the Fair and Remunerative Price (FRP) fixed by the central government as the base price for sugarcane, while Rangarajan has also suggested that sugar mill should share a part of their market gains with farmers. Rangarajan has said that 70 percent of market prices realised from sugar and sugar products can be given to cane growers. Major sugar companies Balrampur Chini, Bajaj Hindusthan and Shree Renuka Sugars shot up 4-5 percent.| Company Name | Prices at 12 hours IST | % Change |
| Kesar Enterpris | 39 | 7.14 |
| Dhampur Sugar | 48.3 | 5.92 |
| Dharani Sugars | 36.35 | 5.21 |
| Balrampur Chini | 48.4 | 5.1 |
| Bajaj Hind | 24 | 5.03 |
| Simbhaoli Sugar | 24.5 | 4.93 |
| Shree Renuka | 29.55 | 4.23 |
| Dwarikesh Sugar | 33.95 | 3.98 |
| Sakthi Sugars | 24.1 | 3.66 |
| Oudh Sugar Mill | 24.9 | 2.68 |
| KCP Sugar | 22.3 | 2.53 |
| Uttam Sugar | 22 | 1.85 |
| Rajshree Sugars | 43.35 | 1.05 |
| Andhra Sugar | 144.6 | 0.91 |
| Bannariamman | 907.95 | 0.88 |
| Thiru Arooran | 66 | 0.69 |
| EID Parry | 171.6 | 0.2 |
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