- ISRAEL21c - http://israel21c.org -
Sweet deal: Israel’s sugar to EU
Posted By Viva Sarah Press On May 30, 2011 @ 5:46 am In | No Comments
The initial export is said to be worth approximately $12 million. David Franklin, chairman and CEO of Sugat, said by the end of the year the sweet deal could be worth $100 million.
A shortage of sugar in the European Union has caused prices in some member states to rise as much as 70% in 2011, reported Bloomberg. The crisis prompted the European Economic Community to approve the imports from Israel.
Franklin said that the company’s “entering more European countries is an important step towards introducing our products worldwide. We are proud to carry the ‘Made in Israel’ label.”
Article printed from ISRAEL21c: http://israel21c.org
URL to article: http://israel21c.org/news/sweet-deal-israels-sugar-to-eu/
Copyright © 2012 Israel. All rights reserved.