Danisco Maintains Sugar Expectations

The rainfall in recent weeks has favoured good beet growth, but the sugar content is relatively low. Danisco confirmed expectations of a total sugar output in line with EU quotas for 2006/07 of 988,000 tonnes of sugar.

11/09/06 Danisco has maintained its expectations for this year’s sugar output based on the second beet harvest forecast.After extraordinarily dry and hot summer weather, a subsequent period with high rainfall has enhanced beet growth.

“The beets are developing satisfactorily in all our production countries. The rainfall in recent weeks has favoured good beet growth, but the sugar content is relatively low. On this basis, we can confirm our expectations of a total sugar output in Denmark, Sweden, Finland, Germany and Lithuania in line with our EU quotas for 2006/07 of 988,000 tonnes of sugar,” says Thomas B. Olsen, Executive Vice President, Agriculture.

In a comment on the coming beet campaign, Mogens Granborg, Executive Vice President, Danisco A/S, says: “It’s always exciting to launch a new campaign, but this year will be very special, indeed. It’s the last campaign at our factories in Assens, Denmark, and Salo, Finland, and the first one without our factory in Köpingebro, which is currently being phased out. The impending factory closures, which are the result of the new terms under the EU’s sugar reform, affect us all. The factories have 100 years of history behind them and a traditionally very committed staff.”