New proposal by Krajowa Spolka Cukrowa to deal with sugar glut

After the government has constantly failed to come to grips with the crisis in the sugar industry, the management of Krajowa Spolka Cukrowa (KSC) has drafted a new proposal to reduce sugar production. Sugar companies all agree that there is too much sugar on the market and its price is too low for them to stay in business. They have been trying to cope by exporting sugar, but as the price of sugar abroad is lower than in Poland, the refineries are trapped. They want the government to compensate for his by increasing the price on the home market. This was suggested months ago but the government failed to act. Wladyslaw Lukasik, the president of (KSC) has put forward a new proposal for the Agriculture Ministry to lower sugar production limits by 10% and not the formerly planned 17.5%. The government would then increase the price of sugar sold on the domestic market. (Puls Biznesu, p. 9) A.C.