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Sugar Refiners See Record Profits Amid Higher Prices
Amstar Corp reports a 110 percent rise in annual sugar profits to 31.4 million for the year ending June 30 with 15.2 million in Q4. Sucrest and Holly Sugar also show gains as world crop shortages push refined sugar prices from 12 to over 32 cents per pound. The industry cites crop failures in Russia, Cuba, Western Europe and the US along with Arab buying and ending price controls as drivers.
MENTIONED IN THIS ARTICLE
New York
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Amstar
Sucrest Corp
Holly Sugar Corp
Holly Sugar
Russia
Cuba
Europe
United States
Persis