New Delhi, Nov. 10 -- Sugar stocks rallied up to 10% in early trade on Monday after the government approved the export of 1.5 million tonnes of sugar for the 2025-26 season and removed the export duty on molasses.

SBEC Sugar share price hit 10% upper circuit, while Dhampur Sugar Mills, Balrampur Chini Mills, Bajaj Hindusthan Sugar, Dalmia Bharat Sugar and Industries, Rajshree Sugars & Chemicals, Dwarikesh Sugar Industries and other sugar stocks gained between 3% and 6%.

The Union Food Ministry has allowed the export of 1.5 million tonnes (MT) of sugar for the 2025-26 sugar season, which commenced in October, according to Food Minister Pralhad Joshi.

The ministry has also scrapped the 50% export duty on molasses, a by-product of the Sug...