date:Feb 20, 2019
lowest in 10 years, pressured by heavy global oversupply.
The European Union liberalised its sugar market in September 2017, ending a system of guaranteed minimum prices and protected production quotas. This gave producers more freedom to expand and export, but a worst-case scenario emerged, with EU makers exposed to the slump world prices.
Tereos said it had secured a 250 million euro loan expiring in 2022, and would repay half of its 500 million euros March 2020 bond a year in advance.
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