Hike in FRP by Rs 30-40/quintal could be dangerous: Triveni Eng

In an interview to CNBC-TV18's Reema Tendulkar & Prashant Nair, Tarun Sawhney, VC & MD of Triveni Engineering and Industries said that the hike in fair and remunerative price (FRP) by Rs 30-40 per quintal could be dangerous.However, Indian Sugar Mills' Association (ISMA) believes that India has enough sugar stock, he said.He further said that FRP increase will lead to cane arrears from the start of the season.Additionally, Sawhney said that he is seeing fundamental change in sugar price cycle.For entire interview, watch accompanying video.