Brazil sugar production down by 14% because of severe drought.India is the 2nd largest sugar producer followed by Brazil.
So a little postive news for sugar Comapnies based in India

@varinder_bansal Takeaway from the Q4 results #shreerenuka
1. Company has incurred losses on Q4 due to an exceptional item.
2. Cash from operating activities is negative.
3.Revenue from operations for this Q4 is down on QoQ basis
4. Company has incurred losses in year due to some exceptionalitem
@varinder_bansal Some positive news-
1.Revenue for operations from its ethanol segment has increased.
2.They will benefited from government scheme of MAEQ as Brazil production is down by 14%.
3.They will also receive incentives for ethanol blending so they have proposed to increase the capacity
@varinder_bansal From 720KLPD to 1400KLPD.
Government has a target of ethanol blending to 20% by 2025 against a current blending of 7.79%.So demand will be more and they will also incentives.
Company has raised around $300 million through ECB from its promoters.
So we can see a turnaround
@varinder_bansal Remember they are backed by a giant promoter and the capacity to 1400KLPD has been approved.#sugarind #shreerenuka @sanjiv_bhasin @varinder_bansal
@varinder_bansal @sanjiv_bhasin 1.We can see a target of ₹42 in coming sessions as there is no major supply zone till 42.
2.We can see a Golden crossover just forming with huge volumes.
@darshanvmehta1

More from Sugar

You May Also Like

So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.


The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.

This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.

The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."

This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
1/12

RT-PCR corona (test) scam

Symptomatic people are tested for one and only one respiratory virus. This means that other acute respiratory infections are reclassified as


2/12

It is tested exquisitely with a hypersensitive non-specific RT-PCR test / Ct >35 (>30 is nonsense, >35 is madness), without considering Ct and clinical context. This means that more acute respiratory infections are reclassified as


3/12

The Drosten RT-PCR test is fabricated in a way that each country and laboratory perform it differently at too high Ct and that the high rate of false positives increases massively due to cross-reaction with other (corona) viruses in the "flu


4/12

Even asymptomatic, previously called healthy, people are tested (en masse) in this way, although there is no epidemiologically relevant asymptomatic transmission. This means that even healthy people are declared as COVID


5/12

Deaths within 28 days after a positive RT-PCR test from whatever cause are designated as deaths WITH COVID. This means that other causes of death are reclassified as