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Shree Renuka Sugar Expects Prices To Rise In January
Shree Renuka Sugars expects a rally in sugar prices in January as funds rebalance positions.
20 Dec 2017, 03:49 PM IST 
Sugar samples are displayed at a store in the Vashi Agricultural Produce Market Committee (APMC) wholesale market in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Sugar prices may rise in January and stabilise over time as the government withdraws its set limits on the stock holding of the commodity, said Narendra Murkumbi, vice chairman and managing director of Shree Renuka Sugars Ltd.
He labelled this advancement as an early sign of the government’s focus towards the agriculture sector, following its victory in Gujarat and Himachal Pradesh assembly elections.
Going ahead, Murkumbi expects the government to scrap export duties on sugar to lift prices up from their depressed levels.
Watch the full conversation here: