Abolishment of sugar quotas in EU poses threat to Serbian manufacturers
Serbia produced less than 300,000 tonnes of sugar last year, a half as much as in 2014. Of the six existing sugar beet processing plants, one factory was not in operation last season because the current sugar production is not big enough to keep all processing plants busy.
Sugar production in 2014 was at 545,857 tonnes, which is quite enough to satisfy domestic needs as well as the EU export quota, based on the preferred status of 181,000 tonnes. However, the results from the previous season show that the export quota cannot be met because we must first satisfy our own needs, which are at about 180,000 tonnes.
Olga Curovic, the director of the Business Community for Industrial Herbs, said that our sugar refineries were less and less competitive, while the cost of production was getting higher and higher.
Situation in the Serbian sugar industry is best depicted by the fact that out of 11 sugar factories in the country, only five were in operation in 2015.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
22.04.2024. | Transport
City of Belgrade selling garages – Initial price EUR 7,000
22.04.2024. | Transport
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
22.04.2024. | News
German retail chain Mix Markt to open first stores in Serbia in three locations on April 29
22.04.2024. | News