M Manickam, managing director of Sakthi Sugars talks about the issues grappling the industry and its impact on his company.
He says that in the next 6-12 months, sugar prices will rise either due to higher cost of production or reduction in production. Below is a edited transcript of the interview. Also watch the accompanying video. Q: Are sugar prices expected to be subdued, what is your sense of how the next six months is looking like and what could be the impact be on companies like yours?
A: If you were to consider that Rs 2400 as realistic prices which UP has now announced and based on that we need a price of Rs 35-36 to breakeven. So it is likely that the prices will have to go there. Either that happens or it doesn
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