Magyar Cukor to refine 100,000 tons of sugar
Magyar Cukor, owned by Austria's Agrana, expects to refine more than 100,000 tons of sugar this year, sales and marketing director Gergely Kovács said on Friday, at the start of the annual refining campaign.
Magyar Cukor has contracts with farmers harvesting sugar beet on 10,830 hectares, a smaller area to last year, but the yield is expected to be very good, averaging 65 tons per hectare, Kovács said. Sugar content is expected to reach 15.5%, he added. The refining campaign will run about 100 days.
Magyar Cukor's refinery in Kaposvár is the last one operating in Hungary. All of the 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.
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.