Vijay Banka

"We started off the season with an opening stock of 7.7 million tonne (mt) and we expect a production of 20.3 mt", Vijay Banka, CFO, Dwarikesh Sugar told CNBC-TV18.

After strong rally, expert sees sugar price halting due to stock

Sugar stocks are rallying on the back of low production output of the commodity. Vijay Banka of Dwarikesh Sugar Industries says that prices of the sweetener is reasonable and there is enough stock in the system.

Sugar prices can come down if imports increase: Dwarikesh Sugar

Speaking to CNBC-TV18, Vijay Banka, Wholetime Director & CFO of Dwarikesh Sugar Industries said profits could have been better if volume had seen improvement.

Sugar prices may remain firm in coming days: Dwarikesh Sugar

"In India also, we expect lower production in the coming season mainly on the account of unfortunate drought that state of Maharashtra and Karnataka suffered last year. We expect sugar prices to be firm", Vijay Banka, Wholetime Director & CFO of Dwarikesh Sugar Industries told CNBC-TV18 in an interview.

Outlook seems positive; sugar prices to stabilise: Dwarikesh

We have had a good Q1 and earned a profit of about Rs 32 crore, said Vijay Banka, Wholetime Director & CFO of Dwarikesh Sugar Industries to CNBC-TV18.

SAP hike: Will present case to UP govt, says Dwarikesh

In an interview to CNBC-TV18, Vijay Banka, CFO, Dwarikesh Sugar, spoke about the increased state advised price (SAP) for sugarcane procurement to Rs 275-290 a quintal for 2012-13, by the Uttar Pradesh government and how it will affect the overall market price of the sugar.

Govt should mull export hike of more 1 mt: Dwarikesh Sugar

Vijay Banka, CFO, Dwarikesh Sugar Industries in an interview with CNBC-TV18 said, "There is clearly space for another 1 million tonnes of exports because our stock position is very comfortable. We produced about 24.2 million tonne of sugar in 2011. So, clearly there is space for allowing more exports."