IMPORTED RAW SUGAR WILL BE PREFERRED BY PRODUCERS IN 2002

Business | January 22, 2002, Tuesday // 00:00

Raw sugar imports from Latin American countries will continue to provide a large part of the necessary amounts for Bulgarian sugar mills in 2002. In the opinion of beet and sugar producers imported raw sugar will be preferred mainly because of the high cost of domestic sugar. Beet growers expect that if the state subsidies for them, which were suspended in 1998, will boost production to 180,000-200,000 tons of sugar form Bulgarian-grown beet, which will account for 70-80% of domestic consumption. The price of Bulgarian beet is set at USD 30 per ton, while raw sugar now is imported at USD 220 per ton. Bulgaria has five operating sugar mills with a combined processing capacity of 14,500 tons of sugar beet a day. Production for last year stood at 24,000 tons of sugar beet, which yielded 2,500 tons of sugar.

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