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The first European sugar preserves made use of that seemingly magical substance, honey.
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This has consequences for European sugar producers, but the consequences could be exaggerated or misinterpreted.
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Other European sugar producers have also announced output cuts.
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Will he demerge Tate's US corn mill operations from the European sugar and ingredients business?
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The valuation reflects recent deals in the European sugar sector and strong growth prospects, officials said.
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Britain's Tate & Lyle TATE.L last week agreed to sell its European sugar operations to American Sugar Refining.
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By 1805, the whole supply of European sugar was carried in American bottoms, to the enormous profit of the United States.
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Potential bidders were put off by tough conditions for European sugar producers faced with a collapse in prices, the two sources said.
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Greencore was awarded the money as restructuring aid after the rationalisation of the European sugar industry and the company's withdrawal from the Irish market.
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It is also proposing to scrap the safety-net intervention scheme in the first reform of the European sugar regime since its introduction in 1968.
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Sweeping reform of the European sugar regime could see the Irish sugar industry wiped out in a few years, according to an internal EU document.
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The grower-owned group is now the largest European sugar maker after Germany's Suedzucker and Nordzucker, the number one ethanol producer and the third starch-glucose maker.