Domestic sugar sector has been under pressure as the food ministry has still not issued the sugar export license, despite the Empowered Group of Ministers (EGoM) have approved the sugar export of five lakh tonne. In addition to that there are concerns over rising commodity prices and inflation, which may impact sugar exports further.
One of the major sugar producers Shree Renuka Sugars has had a cloud over itself because of newsflow of Ethanol shortage that has been coming in from Brazil.
Narendra Murkumbi, MD of Shree Renuka Sugars, in an interview with CNBC-TV18
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