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).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.