Meeting in Platys for "forgotten" consolidation of the EBZ, in the EU sugar prices soar

Published 2024년 2월 29일

Tridge summary

Despite the expansion of beet cultivation areas in the EU and high sugar prices, Greece remains indifferent to domestic sugar production. Farmers are awaiting the implementation of Piraeus Bank's court-ratified reorganization plan for the sugar industry from 2019. The average price of white sugar in the EU hit 857 euros per tonne in December 2023, and production is projected to increase by 7% to 15.6 million tonnes in 2023/2024. Despite the price hike, sugar consumption in the EU is expected to remain high.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

We have an increase in beet cultivation areas in the EU and sugar prices remain high, while in Greece there is great indifference to domestic sugar production. In other words, we have a country that has farmers with knowledge of beet cultivation but is indifferent to making investments and taking advantage of international and domestic demand. On Saturday (2/3) there will be a gathering of farmers outside the EBZ factory in Platis, in order to be informed about the Piraeus Bank's reorganization plan for the sugar industry, which is not being implemented. We remind you that at the end of 2023, Piraeus Bank established the third special purpose company, in order to implement the reorganization plan of the Hellenic Sugar Industry (EGZ), which was ratified by the court 4 years ago, on March 26, 2019. From what it had decided the court nothing has been done and the farmers of the area ask to be informed how they could on the matter. And while Greece shows no interest in producing sugar ...
Source: Agrotypos

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