Two Slovak sugar mills are set to survive the current tough period

28.11.2019

Two Slovak sugar mills, Trenčianská Teplá-based Považský cukor (Nordzucker) and Sereď-based Slovenské cukrovary (Agrana), are set to survive the current tough period, says Michal Abelovič, head of the local sugar mill union SCS. They lost €15m last year and expect another loss this year but plan to be in the black in 2020. They keep investing into energy systems and warehouses, and are even encouraging farmers to increase their sugar beet acreage. They are suffering, as sugar prices have fallen from €700 per ton in 2013 to the current €310 following EU market liberalization and a surge in sugar exports from India. Many smaller and inefficient sugar mills in Europe are being closed.

 

(etrend.sk)

Please reload

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

No plans to close schools, stores and restaurants

24.09.2020

The number of positive Covid-19 tests rose to a new daily high of 338. The number of active cases stands at 3,340 and the number of deaths 41. The gov...

NBS is not working on new regulation for corporate bills and bonds

24.09.2020

The central bank NBS is not working on new regulation for corporate bills and bonds sold to retail clientele. It deems the current regulation sufficie...

NBS nepripravuje novú reguláciu korporátnych zmeniek a dlhopisov

24.09.2020

Centrálna banka NBS nepripravuje novú reguláciu vydávania korporátnych zmeniek a dlhopisov pre retailovú klientelu. Súčasná regulácia je podľa nej dos...

1/5
Please reload

Copyright  © 1994 - 2019    Symsite Research         All rights reserved.