date:Sep 11, 2018
t week of September.
Compounded by high production in India and Thailand, the world sugar market surplus has depressed global prices too. The London No.5 futures contract fell 13.1% to $328/mt over the past year. Those lower prices meant revenue and adjusted operating profit will be well down year on year at AB Sugar, ABF said.
The current level of EU sugar prices would represent a substantial reduction on those achieved this year, it said.
Outside the EU, profitability at Illovo, ABF's Afric