AGRANA Annual Report 2009|10
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Regulatory Risks

Regulatory Risks

Risks from the sugar regime
Potential effects of international and national trade agreements and market policy are analysed at an early stage and evaluated as part of the risk management process. Current developments and their effects are discussed in detail beginning in the section on the Sugar segment.

Renewable energy directive
Of key importance for AGRANA’s bioethanol activities is the requirement in place since 2007 for the minimum bioethanol content in petrol. If this ethanol content were eliminated or reduced, it would have a material negative effect on the business model of the bioethanol operations. Public debate and legislative initiatives relating to this subject are very closely monitored and analysed and are evaluated as part of the risk management process.

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