Danish sugar and food ingredients firm Danisco has said its first harvest forecast indicates a sugar production slightly above the EU’s sugar quotas.
“In the past few months, growing conditions in all Danisco’s production countries have offered strong potential for the growth of sugar beets up to the September-December harvesting period,” the company said.
Given the past few months’ favourable growing conditions, the harvest is expected to yield a sugar production slightly above Danisco’s EU quotas in Denmark, Sweden, Germany, Finland and Lithuania of a total of 1,142,000 tonnes. The forecast is based on normal weather conditions for the remainder of the growing period.
Danisco said the field sample results do not change the previously announced expectations for Danisco Sugar’s earnings (EBIT) in the current financial year of DKK850-950m (US$138.8-155.1m).