Südzucker: Significant losses in the sugar segment
The Südzucker AG has confirmed the full-year forecast in the recently published third quarterly report. Problem is that the sugar market continues to be difficult. The CropEnergies segment has shown similarly disappointing results in the current fiscal year. Revenues have declined by 2.1%.
Sugar: Dramatic supply squeeze in Europe
LONDON/BERLIN. The German Sugar Industry Association (WVZ) has recently revised its 2018/19 production estimates downwards. Moreover, the outlook for 2019/20 is not exactly encouraging with experts agreeing that the low prices should prompt farmers to switch to more attractive products.
Nordzucker: Significant losses in 2018/19
BRAUNSCHWEIG. In its semi-annual report Nordzucker states a significant decline in earnings in the first half of 2018/19. This is the result of significantly lower selling prices and lower sugar volumes. Losses are expected for the current financial year and for the following year.