date:Jul 31, 2019
so fell sharply from 143.5 million (US$163.4 million) in the previous year to 17.1 million (US$19.4 million).
Low sugar prices and slightly lower sales volumes were cited as the main reasons for the earnings trend. The fall in prices for sugar on the world market, which was at its lowest level for about ten years during that period, was attributed to substantial overproduction, particularly in India and Thailand, according to the company.
Earlier this year, Nordzucker reported that sugar yiel