Agara Sugar Company Suspends Function for Uncertain Time period

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Agara Sugar company offers suspended operation for a uncertain period. The organization director general Alkhan Alizade documented the company management and the Government could not realize agreement and challenges before Agara Sugar remain uncertain.

I have no plans over production, but I do not want this such a big organization remain without functionality. This is not desirable. This isn’t acceptable in terms of financial state either. If glucose prices go cheaper on international trades, in this case, production will likely be resumed, Alizade said.

Currently, price of a a lot of open sugar is 512 Us dollars on global trades, up 73 United states dollar year on year. At Liverpool Stock Exchange (LSE) price of a ton of sugar appeared to be 439 USD in 03 2016.

As reported, Agara Sugar hung operation in Don’t forget national 2016 because of sharp opposition with imported merchandise.

Georgia mainly imports sugar with Ukraine. This country holds 50% proportion on Georgian market. Ukrainian sugar is cheaper and it is not easy to compete with it. Whenever we do not restore all of our production, the need will be balanced through imported sugar. Consequently, neither deficit none higher prices will probably be on the market, Alizade noted soon after 2016.

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