Firm sugar prices lifted Q3 profits: Dhampur Sugar

Firm sugar prices is the prime reason for the jump in third quarter profits, says Gaurav Goel, MD of Dhampur Sugar. Average prices jumped to Rs 35.6 per kilogram from Rs 27.5 per kg in the same quarter last year. This helped in posting a strong performance, he said in an interview to CNBC-TV18.Tight stocks positions following pause in supplies by mills, and speculative buying by stockists and bulk consumers.had lifted sugar prices to almost six-year high a week ago.India, the world's biggest consumer of sugar, will likely need to import around 1.5 million tonnes of the sweetener this 2016/2017 season, the Chairman of one of the country's sugar trade associations told Reuters Monday.Cane crushing was higher than last year Goel said, adding, no cane price arrears on susidies is pending as of now.