EID Sugar Business

Cane cost as a % of sugar realization has increased 3,148 2,951 2,951 2,917 2,727 2,492 3,620 3,121 3,141 3,100 3.000 2,550 2,613 2,613 2,100 2,200 2,300 2,300 1,700 1,298 1,391 1,450 SY10 SY11 SY12 SY13 SY14 SY15 SY16 SY17 SY18 SY19 SY20E -Cane Price --Sugar Price Cane price per Metric Ton Sugar price per quintal ₹ Source: ISMA Key Takeaways PARRYS Selling price of sugar regulated by the Government based on market factors Payment for ܀ sugarcane based on Fair & Remunerative Price @ 9.5% 10% recovery (not linked to selling price of sugar) Cane cost as a % of sugar price has increased from 44% to 86% over the last decade 18 murugappa

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