Magyar Cukor to refine over 105,000 tons of sugar this year
Magyar Cukor, owned by Austriaʼs Agrana, expects to refine more than its annual quota of 105,420 metric tons of sugar this year, sales and marketing director Gergely Kovács said yesterday at the start of the annual refining season, Hungarian news agency MTI reported.
Magyar Cukor has contracts with farmers harvesting sugar beet on about 14,000 hectares, Kovács said. Yield is expected to reach a near record 70 metric tons per hectare, he added.
The refining season runs for 130 days.
Magyar Cukorʼs refinery in Kaposvár is the last one operating in Hungary. All other refineries were shut down after the 2007 season, when the EU slashed sugar price subsidies and offered farmers and refineries incentives to get out of the business.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
