Ugar Sugar looks to offload last year stock and expects a better result in Q4, says MD Niraj Shirgaokar.
Demonetisation has not impacted Ugar Sugar much as payments for cane are directly made in to the farmers account, says Niraj Shirgaokar, MD of company.
Demand has been weak but in Q2 and Q3 of the year -- as the festival season comes -- Niraj Shirgaokar, MD of Ugar Sugar Works expect the demand to pick up, which will lead to price increase.