Greencore bosses perplexed at sluggish stocks

GREENCORE Group will publish full-year results next week with no major surprises anticipated in the figures.

The announcement comes against a backdrop of an EU confession that its instruction to Ireland to exit sugar beet production, due to the high cost nature of the output, was wrong. Now the EU mandarins have put their hands up and said the demand for sugar beet was such that the output of Irish beet growers would make an important contribution in meeting rising demand.

The Government’s attempt to have Mallow, the only Irish sugar plant still in operation at the time, kept on as a going concern was rejected by the Commission and Irish Sugar, part of Greencore, was regrettably wound down.