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Last Updated : Oct 10, 2018 04:55 PM IST | Source: CNBC-TV18

Balrampur Chini chief optimistic about global sugar prices

Saraogi said he sees sugar exports happening and no surplus will be left this season.

Moneycontrol News @moneycontrolcom

Moneycontrol News 

Vivek Saraogi, managing director of Balrampur Chini told CNBC-TV18 he is optimistic about global sugar prices. Saraogi said he sees a smooth ride for sugar exports and expects no surplus this season.

Saraogi added the current ex-factory price for Uttar Pradesh millers is currently at Rs 33/kg. Balrampur Chini's ethanol business is "looking a lot better," Saraogi said.

Mills in India, world's second biggest sugar producer, have signed contracts to export sugar for the first time in three years, according to a Reuters report. Indians consume about 25 million tonnes of sugar a year, the Reuters report said. The price of raw sugar futures on the ICE is curently at a four-month high.
First Published on Oct 10, 2018 03:55 pm
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