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Last Updated : Mar 08, 2011 04:37 PM IST | Source: CNBC-TV18

Hope to close FY11 with Rs 350cr in sales: CCL Products

In an interview with CNBC-TV18, C Rajendra Prasad, CMD, CCL Products gave his perspective on the geopolitical situation prevailing in Ivory Coast and how it could benefit the company.


CCL Products is a big buzzer in trade today. Geopolitical situation in the Ivory Coast has led to a spike-up in cocoa and coffee prices.


In an interview with CNBC-TV18, C Rajendra Prasad, CMD, CCL Products gave his perspective on the geopolitical situation prevailing in Ivory Coast and how it could benefit the company.


Below is a verbatim transcript. Also watch the accompanying video.


Q: On account of the geopolitical tensions, which are taking place in Ivory Coast, has the company benefitted in any fashion because there are a lot of coffee producers who have seen an increase in cocoa and coffee prices?


A: Yes, but per se it is not going to take a major effect because it is only green coffee. We are instant coffee manufacturers and the prices have gone up. These are all expected. So there is not much of a gain directly to us yet.


Q: Just to understand this a little better, would it be in a hypothetical situation that maybe exports from Ivory Coast of instant coffee is affected in any form or manner and considering that you do 100% of exports, you would have a windfall gain?


A: Ivory Coast is not a major instant coffee producer at all. Nestle has one plant there. Otherwise it is all domestic market. So Ivory Coast is not a very major issue.


Q: How exactly is the European market doing considering you get around 30% of the revenues, are you seeing some sort of an uptick there?

A: Yes, we have done quite well and this year, from last year we did Rs 283 crore. We could be close to Rs 350 crore turnover this year. So there are good benefits coming from different markets for CCL.

First Published on Mar 8, 2011 03:58 pm
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