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Explained: Why Balrampur Chini, Dhampur Sugar, other stocks tumbled up to 4% on Thursday

Sugar stocks declined up to 4% on Thursday after India prohibited sugar exports with immediate effect until September 30. This move comes as domestic production is expected to fall below consumption for the second consecutive year, leading to the lowest stock levels since 2016-17. Exports under specific tariff rate quotas and the Advance Authorisation Scheme will continue.