The price of sugar can increases further this year

The price of sugar spectacularly increased last year, the trend could continue this year. Experts in Somogy county predict 10 to 15 percent increase for 2012.

Temporary supply difficulties, capped shop, dramatic rise in prices, sometimes fall – the sugar sector has produced surprises in recent times. Experts foresee that 2012 will not be an easy period. “If the price of sugar will move it is certain athat it will  move upwards – said Horváth Éva, managing director of the a Hungarian Sugar Manufactory (Magyar Cukor Manufaktúra (MCM). – This product’s price mostly depend on the world market price, but euro-forint exchange rate can also strongly affect sugar prices. ”
(Harsányi Miklós, Világgazdaság Online)