Brazil sugar production down by 14% because of severe drought.India is the 2nd largest sugar producer followed by Brazil.
So a little postive news for sugar Comapnies based in India

@varinder_bansal Takeaway from the Q4 results #shreerenuka
1. Company has incurred losses on Q4 due to an exceptional item.
2. Cash from operating activities is negative.
3.Revenue from operations for this Q4 is down on QoQ basis
4. Company has incurred losses in year due to some exceptionalitem
@varinder_bansal Some positive news-
1.Revenue for operations from its ethanol segment has increased.
2.They will benefited from government scheme of MAEQ as Brazil production is down by 14%.
3.They will also receive incentives for ethanol blending so they have proposed to increase the capacity
@varinder_bansal From 720KLPD to 1400KLPD.
Government has a target of ethanol blending to 20% by 2025 against a current blending of 7.79%.So demand will be more and they will also incentives.
Company has raised around $300 million through ECB from its promoters.
So we can see a turnaround
@varinder_bansal Remember they are backed by a giant promoter and the capacity to 1400KLPD has been approved.#sugarind #shreerenuka @sanjiv_bhasin @varinder_bansal
@varinder_bansal @sanjiv_bhasin 1.We can see a target of ₹42 in coming sessions as there is no major supply zone till 42.
2.We can see a Golden crossover just forming with huge volumes.
@darshanvmehta1

More from Sugar

You May Also Like

"I really want to break into Product Management"

make products.

"If only someone would tell me how I can get a startup to notice me."

Make Products.

"I guess it's impossible and I'll never break into the industry."

MAKE PRODUCTS.

Courtesy of @edbrisson's wonderful thread on breaking into comics –
https://t.co/TgNblNSCBj – here is why the same applies to Product Management, too.


There is no better way of learning the craft of product, or proving your potential to employers, than just doing it.

You do not need anybody's permission. We don't have diplomas, nor doctorates. We can barely agree on a single standard of what a Product Manager is supposed to do.

But – there is at least one blindingly obvious industry consensus – a Product Manager makes Products.

And they don't need to be kept at the exact right temperature, given endless resource, or carefully protected in order to do this.

They find their own way.