Stockbrokers predict end of Irish Sugar

STOCKBROKERS yesterday predicted that Greencore will exit the sugar processing industry within the next two years following this week’s reform of the sector by the EU.

The company will weigh up the impact of the decisions before deciding on the best way forward but said it would continue to produce sugar for as long as it was viable.

Liam Igoe of Goodbody Stockbrokers said the agreement means that Irish Sugar, part of Greencore, is likely to cease operations.