GoI has asked cos to sell excess inventory: Sakthi Sugars

Raw sugar prices rally to 52 week high and August data shows a decline in the pace of production. 

M Manickam, Executive Vice Chairman of Sakthi Sugars, says that this has happened likely because India plans to be a sugar importer next year, which is leading to a shortage.

In an interview with CNBC-TV18, Manickam said that the government is controlling sugar prices at the moment and has also issued a circular asking companies to sell all excess stock.Watch video for more...