[Featured Stock] Daehan Sugar Surges Over 11% on India's Sugar Export Restrictions

(Photo by Bloomberg News)

[Asia Economy Reporter Kwon Jaehee] Daehan Sugar is showing strong performance in the early trading session on the 25th due to India's sugar export restriction measures.

As of 10:14 AM today, Daehan Sugar is trading at 4,450 KRW, up 11.67% compared to the previous closing price.

According to major foreign media, the Indian government announced today that it will limit sugar exports to 10 million tons this year. From June, exporting sugar overseas will require government approval. India is the world's largest sugar producer.

This measure is interpreted as an effort to prevent domestic staple food prices from rising amid the global increase in grain prices.