Agrana Raises Sugar Price Drastically

CompaniesRetail & Consumer ♦ Published: September 6, 2011; 20:49 ♦ (Vindobona)

The Austrian sugar and starch company confirmed that the sugar price will rise significantly by the beginning of October. This is due to the “world market price”, the company stated.

Agrana Raises Sugar Price Drastically / Picture: © Vindobona.org

Agrana raises the sugar price significantly. If the rise is higher than 30%, is still not clear. According to the “Kronen Zeitung”, the sugar price will rise by 35% by the beginning of October. The retail trade chain Spar, the second biggest in Austria, intends to pass the price increase on to the consumers.

“If we do not accept the price increase, we would not get any…