date:Feb 10, 2014
mers' revenues, Platts Kingsman said. Sugar is not as profitable to grow as it was two years ago. Due to a shorter crop cycle, the beet-producing countries were the first to react to the weakness in ICE raw sugar prices, which hit a 3-1/2 year trough of 14.70 cents a lb on January 28 due to abundant global supplies.
Platts Kingsman estimated production in Europe, Russia and Ukraine to drop by a combined 2 million tonnes in 2013/14. The weather ... is affecting the size of the crop, notably in