Sugar market to recover if pandemic recedes: CEO Suedzucker

Hamburg: Europe’s largest sugar refiner Suedzucker SZUG.De’s CEO Niels Poerksen shared the expectations of better full-year profit hoping that the economic impact of the pandemic will lower in the next few months.

The vaccination for COVID-19 is increasing all over the world which will help in lowering the impact of the pandemic, he said during an online meeting of shareholders.

According to the media report, he said,“With time the impact of the pandemic will reduce, improving better results but the pandemic still has potential to create unknown risks in the company’s 2021/22 financial year.”

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