Modi Helps Debt-Laden India Sugar Shares Become Top Gainers

Updated on
  • Mumbai sugar prices have rallied 26 percent since end-June
  • That may help sugar mills cut losses and return to profit

Shares in India’s sugar mills are surging as Prime Minister Narendra Modi’s push for exports of the sweetener helps lift the gloom around an industry saddled with almost $8 billion of debt.

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