EQS-Media / 30.09.2022 / 10:42 CET/CEST

AGRANA: Start of the 2022 sugar beet campaign

Yesterday, AGRANA started the 2022 sugar beet processing season (campaign)
at its sugar refinery in Tulln, Lower Austria. The plant in Leopoldsdorf
in the Marchfeld region of Lower Austria will commence sugar beet
processing by the middle of October. Due to the unfavourably hot and dry
weather conditions during high summer, the sugar beet yields in the 2022
season are somewhat lower than in the previous year at around 75 metric
tons per hectare (prior year: 80 metric tons / hectare). The sugar beet
processing campaign is expected to be completed in the middle of January


Beet price forecast nearly doubles to over € 60

The contracting meetings with sugar beet farmers for the 2023 sugar beet
growing season have been ongoing since the middle of September. The
circumstances surrounding these meetings are very encouraging since the
beet prices are based on sugar market prices and these are steady at a
high level. As a result, AGRANA expects both a near doubling of the beet
price to over € 60.00 per metric ton for those farmers who have already
planted sugar beet this year and a high, stable sugar price for the next
growing season. The growing target needed to ensure both sugar refineries
can operate at full capacity remains at least 38,000 hectares of planted
sugar beet and a beet harvest volume of around three million metric tons.

Existing and new beet growers can find all the information needed in
relation to contracting for the 2023 growing season under
[1] https://ris.agrana.com/. 


About AGRANA Sugar

AGRANA produces sugar at two sugar refineries in Austria, namely Tulln and
Leopoldsdorf. The Tulln site is home not only to the administration
department but also the central sugar warehouse in which all of the sugar
varieties produced and packaged under the Wiener Zucker brand are fully
automatically stored and picked in a high-bay warehouse, with a storage
capacity of around 8,000 metric tons of sugar products, before being
shipped. Sugar shipments from Leopoldsdorf are mainly to the processing
industry, both bulk and packaged (Big Bags and 50kg bags).



AGRANA converts agricultural raw materials into high-quality foods and
numerous industrial intermediate products. Around 9,000 employees at 55
production sites worldwide generate annual Group revenue of approximately
€ 2.9 billion. Established in 1988, the company is the world’s market
leader in fruit preparations and the leading producer of fruit juice
concentrates in Europe. In addition, its Starch segment is also a major
manufacturer of custom starch products (made from potato, corn and wheat)
and of bioethanol. AGRANA is the leading sugar producer in Central and
Eastern Europe.

For queries, please contact:

Markus Simak
Public Relations
+43 1 21137 12084

This announcement is available in German and English at [3] www.agrana.com.

End of Media Release


Issuer: AGRANA Beteiligungs-Aktiengesellschaft
Key word(s): Industry

30.09.2022 CET/CEST This Press Release was distributed by EQS Group AG.


Language: English
Company: AGRANA Beteiligungs-Aktiengesellschaft
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
Phone: +43-1-21137-0
Fax: +43-1-21137-12926
E-mail: investor.relations@agrana.com
Internet: www.agrana.com
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
(Official Market)
EQS News ID: 1453875

End of News EQS Media

1453875  30.09.2022 CET/CEST


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2. markus.simak@agrana.com
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