M Manickam, MD, Sakthi Sugars, say that he expects action on levy removal and release mechanism in next 15 days. A reform in cane pricing is a key, but it is unlikely in the near term.

Sakthi sees 1% annual rise in ethanol blending for 5 yrs

In an interview to CNBC-TV18, M Manickam; MD of Sakthi Sugars discussed what will be the effect of 5 percent ethanol blending which has become mandatory. He said that sugar prices will depend on cane price moment. He also added that he expects sugar prices to settle around Rs 33 per kilogram.

Sakthi Sugars sees Rs 25-26 kg as 'comfortable price' band

M Manickam, MD of Sakthi Sugars discusses the possibilities in the sugar-pricing and why he thinks Rs 25-26 is the most comfortable range.

Price of levy sugar should be increased: Sakthi Sugars

M Manickam, MD, Sakthi Sugars, says that it is high time that the price of levy sugar is increased. He also says that in reality 80% of the levy sugar gets diverted to the black market.

Expect prices to range between Rs 35-40/kg: Sakthi Sugars

M Manickam, managing director of Sakthi Sugars says, he expects the sugar prices to range between Rs 35-40 per kilogram.

Govt double-speak turns sugar sector bitter: Sakthi Sugars

M Manickam, MD, Sakthi Sugars explains to CNBC-TV18 that the different views adopted by the states and the Centre in controlling cane and sugar prices has resulted in mounting arrears which is increasing the pressure on producers across the country.

Govt doesn't care about industry or farmers: Sakthi Sugars

In an interview to CNBC-TV18, M Manikam, managing director of Shakti Sugars spoke about the latest happenings in his company and the road ahead.

Sakthi Sugars hopes for better margins as Re falls

The managing director of Sakthi Sugars M Manickam said that the timeframe and the mechanism on sugar exports has not been clearly defined by the Centre.

Depreciating rupee not to affect prices: Sakthi Sugars

M Manickam, managing director of Sakthi Sugars talks about the issues grappling the industry and its impact on the company. He says that in the next 6-12 months sugar prices will rise either due to higher cost of production or reduction in production.

Partial decontrol of sugar to boost exports: Sakthi Sugars

M Manickam, managing director of Sakthi Sugars, in an interview to CNBC-TV18, said that if partial decontrol is allowed, then it will boost sugar exports.

See output at 26 mt in next sugar year: Sakthi Sugars

In an interview to CNBC-TV18, M Manickam, MD, Sakthi Sugars said, he is looking at 26 million tonne of sugar production next year (next sugar year).

Sugar decontrol to accelerate exports: Sakthi Sugars

India plans to meet in eight-ten days for decontrol discussions on the sugar sector. M Manickam, MD of Sakthi Sugars, in an interview with CNBC-TV18's Reema Tendulkar and Ekta Batra, spoke on the recent happenings in the sugar sector and the road ahead for the company.

Govt should open up sugar exports: Manickam

In an interview with CNBC-TV 18, M Manickam, MD, Sakthi Sugars said that the government should open up exports for the sugar sector so that India can take advantage of the market.

Sugar prices may correct if oil prices drop: Sakthi Sugars

M Manickam, MD of Sakthi Sugars, in an interview with CNBC-TV18's Sonia Shenoy and Mitali Mukherjee, said that he feels that the sugar price range will be impinged on the dollar and oil prices.

Sugar export allowed: Sakthi Sugars expects Rs 10cr benefit in coming quarter

The Empowered Group of Ministers (EGoM) allowed sugar export of 5 lakh tonne on Tuesday. M Manickam, MD, Sakthi Sugars says, “Given our production of about 100,000 tonne in the Q1, the impact (of the move) should be roughly of Rs 10 crore in the coming quarter.”

Current avg realisations at Rs 32-34/kg: Sakthi Sugars

In an interview with CNBC-TV18’s Ekta Batra and Sonia Shenoy, M Manickam, MD of Sakthi Sugars, spoke on how the cyclone in Australia has impacted the rising sugar prices and their business, and the road ahead.