Sugar prices can rise Rs 2-3/kg on export sop: Shree Renuka

India has surplus sugar stocks at the moment, and sugar producers are hoping that the government will continue the export subsidy. This will help ease the pressure on domestic sugar prices

Domestic sugar prices could rise by Rs 2-3 per kilogram if the government extends the export subsidy on raw sugar, says Narendra Murkumbi, Vice-Chairman and Managing Director, Shree Renuka Sugars . In an interview to

India has surplus sugar stocks at the moment, and sugar producers are hoping that the government will continue the export subsidy. This will help ease the pressure on domestic sugar prices.

Globally too sugar prices are under pressure and close their lowest levels in five years. The drought in Brazil was expected to push up the prices of sugar globally.

But Murkumbi says the drought in Brazil—the largest producer of sugar—has not affected the sugar producing area.

He is positive on the implementation of government policy for ethanol.

Shree Renuka stock price

On January 28, 2015, at 11:10 hrs Shree Renuka Sugars was quoting at Rs 16.90, down Rs 0.15, or 0.88 percent. The 52-week high of the share was Rs 31.80 and the 52-week low was Rs 15.00.

The latest book value of the company is Rs 14.66 per share. At current value, the price-to-book value of the company was 1.15.

Anda sedang membaca artikel tentang

Sugar prices can rise Rs 2-3/kg on export sop: Shree Renuka

Dengan url

https://olahragakecantikan.blogspot.com/2015/01/sugar-prices-can-rise-rs-2-3kg-on.html

Olahraga Kecantikan