Drought destroys more than half of Moldova's sugar beet crop

Published Aug 30, 2024

Tridge summary

Sudzucker Moldova, the country's largest sugar producer, is facing a significant setback as the expected sugar beet harvest is projected to be only a third of the planned amount due to an extreme drought. The drought has caused a decrease in yield by over 60% compared to the initial forecast, leading to a challenging situation for the Moldovan sugar industry and putting additional pressure on the entire agricultural sector. Sudzucker Moldova is actively seeking solutions to mitigate the crisis and is providing support to farmers. The company's manager, Valeriu Nicusor, emphasized the severe impact of the drought and noted that it is one of the most difficult years for sugar beet growers.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. August 30. INTERFAX.RU - Moldova's largest sugar producer Sudzucker Moldova expects the sugar beet harvest this year to be only a third of the planned amount due to extreme drought. "In 2024, Sudzucker Moldova planted more than 8,000 hectares of land with beets, expecting a yield of about 42 tons/ha. However, due to extreme drought, it is expected that only about 1/3 of the planned amount will be harvested, which is a decrease of more than 60% compared to the initial forecast," the company reported. "The impact of the drought has put us in a difficult situation. We predict that the decline in harvest will have a negative impact on the Moldovan sugar industry and will create additional pressure on the entire agricultural sector. We are negotiating with partners to find solutions that will mitigate the effects of this crisis and are trying to develop support measures for farmers," commented Valeriu Nicusor, manager of Agro-SZM (a subsidiary of Sudzucker Moldova). According ...

Source: Interfax