Sugar stocks did firm up by between 10 to 25% since the our earlier post reproduced below.
“Why Sugar Shares
This entry was posted on May 22, 2019, in Uncategorized. Bookmark the permalink. Leave a comment (Edit)
Sugar prices are likely to go up by 25% in about 6-8 months from now and sugarcane prices might be raised by about 5-7% hence coming year will be an year of robust earnings. Company after company is showing hefty EPS growth in latest quarter, scrips are quoting about 20% down from recent peaks. This prompts me to convey to you to select your preferred stock in sugar sector and stick with it.”