Government should look to build 5 mt buffer of sugar stock, says Sakthi Sugars.

Sugar stocks will be in focus as the government has scrapped export duty of raw and refined sugar to boost shipments. In an interview to CNBC-TV18, M Manickam, Executive VC of Sakthi Sugars spoke at length about the sector. The export duty is off but it’s not profitable to export because international market is around Rs 20 and our cost of production is Rs 34.