Sugar stocks Balrampur Chini, Dhampur Sugar, others tumble up to 5% as govt allows duty-free imports

Sugar stocks fell sharply on Friday after the government allowed duty-free imports of 1 million tonnes of raw sugar until October 31. Balrampur Chini Mills, Dhampur Sugar Mills and Bajaj Hindusthan Sugar declined sharply, reversing recent gains driven by rising sugar prices and tightening supply ahead of the festive season.