Suedzucker CEO still sees no turnaround in tough market
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HAMBURG (Reuters) - The CEO of Suedzucker , Europe's largest sugar refiner, said on Thursday that trading conditions remained intensely difficult with low sugar prices and no turnaround likely for the company's current financial year."Our group forecast for the current financial year still shows no visible turnaround," CEO Wolfgang Heer told the annual meeting of Suedzucker shareholders.He added: "Sugar prices remain at a low level which does not cover costs."He said in an advance release of his..