Magyar Cukor surpasses its production quota

Crops

Magyar Cukor, owned by Austria's Agrana, refined more than its 105,420-tonne quota of sugar during a 2014-15 refining campaign, the company announced yesterday. The company processed 827,000 tonnes of sugar beet during the 120-day campaign.

The beet were delivered from contractors farming almost 11,000 hectares of sugar beet. Average yield was 73 tonnes per hectare, but sugar content was under 15%, lower than usual. Magyar Cukor's refinery, in Kaposvár (southwestern Hungary), is the last such operation in Hungary. All other Hungarian refineries were shut down after the 2007 season, following the EU reduction in sugar price subsidies.

ADVERTISEMENT

Hungary Banking System 'Strong', 'Stable' - Varga Banking

Hungary Banking System 'Strong', 'Stable' - Varga

Parliament Negates Mandatory Membership in MOK Parliament

Parliament Negates Mandatory Membership in MOK

Design Terminal Launching Female Entrepreneur Initiative Ecosystem

Design Terminal Launching Female Entrepreneur Initiative

Kinizsi Castle Reopens in Nagyvázsony History

Kinizsi Castle Reopens in Nagyvázsony

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.