Suedzucker to Cut Output, Close Plants After Sugar Price Slump
date:Jan 31, 2019
ving details or saying how many jobs might be affected.

At 1540 GMT, its shares were up 4.1 percent at 14.155 euros.

The company on Jan. 10 reported a third-quarter operating loss, hit by the global collapse in sugar prices. It said in July 2018 it was considering all conceivable options for its sugar operations.

Raw sugar futures ended 2018 at their lowest in 10 years, pressured by heavy global oversupply.

The European Union liberalised its sugar market in September 2017, ending its system
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