Domestic sugar producers say Romania is helplessly seeing sugarprices rise internationally, while being dependent on Europeanimports.
Internationally, sugar prices hit the highest level of the pastthree decades, rising by 46% in the past year alone, to 0.71dollars (0.51 euros), according to IMF data.
Ioan Armenean, chairman of Romania's Sugar Business Owners'Association, says domestic production is two times lower thandemand, which amounts to 550,000 tonnes, because there are justfour sugar plants left out of the 33 that operated 20 years ago."We depend on bourse quote. The price is made in New York, Londonor Paris," Armenean says.
Dan Popovici, a manager with Lemarco Romanian-US-held sugarproducer, one of the main players on the market, with turnoverworth 370m lei (88m euros) in 2009, is of the same opinion.
In Romania, the sugar market is valued at 275m euros, according toZF data.
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