Sugar prices drop

IPN.md

9 November 2012
06:47

Sugar prices have dropped, with some manufacturers selling it as low as 10 lei a kilo. Alexander Koss, president of the Moldovan Union of Sugar Producers, has told Info-Prim Neo that competition from Ukrainian contraband sugar is to blame.

“This made our sales drop and prompted us to export the sugar. We know of one manufacturer that is selling at the price dictated by the market to be able to recover the costs of the beet. But we can’t afford to sell at such prices in Moldova”, said Alexander Koss, who is also Speaker of the Board of Directors of Südzucker Moldova.

Until recently, sugar manufactures were selling at a price of 11.75 lei a kilo.

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Sugar prices drop

IPN.md

9 November 2012
06:47

Until recently, sugar manufactures were selling at a price of 11.75 lei a kilo.

Economy & Business

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