Moneycontrol
Last Updated : Mar 08, 2018 11:42 AM IST | Source: CNBC-TV18

Expect next year to be better than the current year: Godrej Agrovet

Godrej Agrovet stock has been moving higher, boosted by a hike in the import duty of palm oil to 44 percent from 30 percent earlier. In an interview with CNBC-TV18, Balram Yadav, Managing Director of Godrej Agrovet spoke about the latest happenings in his company and sector.

CNBC TV18 @moneycontrolcom

Godrej Agrovet stock has been moving higher, boosted by a hike in the import duty of palm oil to 44 percent from 30 percent earlier. In an interview with CNBC-TV18, Balram Yadav, Managing Director of Godrej Agrovet spoke about the latest happenings in his company and sector.

The increase in oil palm duty will increase the oil prices in the country and we will be benefited because of higher oil prices, he said.

Margin in palm oil business will remain around 20 percent going around, he added.

We are expecting next year to be better than the current year. We just need an average monsoon with good spatial and temporal distribution, said Yadav.

For full interview, watch accompanying video…
First Published on Mar 8, 2018 11:36 am

tags #Business

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