(MENAFN- Trend News Agency)
German sugar producer Suedzucker plans 'significant' price hikes
to offset rising costs and prepares to shift to coal as Russian gas
supplies to Western Europe slow in the wake of the Ukraine war, the
Mannheimer Morgen newspaper reported on Saturday, Trend reports with reference
to Reuters .
'The costs of beet cultivation and energy are rising, and these
are two significant blocks of production,' Chief Executive Niels
Poerksen said in an interview with the newspaper.
'If there was no price increase, it would be difficult to come
out of the business with any profit,' he said.
The company is also ramping up stocks for use at the plants
where coal can also be used as not all Suedzucker factories are
equipped to run on other energy sources if there is no more gas,
Poerksen told the newspaper.
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