Shares in sugar manufacturers gain on hopes the government will remove a requirement that they sell a portion of their sugar output to the government at reduced prices, while also easing some of the restrictions on the sector.
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The federal cabinet may discuss lifting some curbs on the tightly regulated sector soon, months after the prime minister's economic adviser recommended easing restrictions to help stabilise output, dealers say.
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Bajaj Hindusthan Ltd gains 1.8 per cent, Shree Renuka Sugars Ltd is up 2.7 per cent, while Balrampur Chini Mills Ltd rises 1.3 per cent.
Copyright: Thomson Reuters 2013