The majority owner of the Magyar Cukor Zrt. prepares for price increase

The Austrian Agrana group, which is the majority owner of the Magyar Cukor Zrt. is expected to increase sugar prices by more than 20 percent from October – told Johann Marihart the CEO of the company to APA news agency.

According to Johann Marihart; the reason for the decision, is the world price of sugar has increased, and in the European Union, there is an imbalance between supply and demand – reports ProfitLine.hu.