International Sugar Journal

AB Sugar drives down ABF’s profits

ABF said pretax profit fell to £717 million ($1.11 billion) in the 52 weeks ended Sept. 12 from £1.02 billion in the previous fiscal year, on a 1.1% decline in revenue to £12.80 billion. AB Sugar’s operating profit declined from £189 million in 2014 to £43 million in 2015.

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Cuba – 2014/15 sugar output of 1.8 mln tonnes on target [Registered]

According to informed industry source speaking to Reuters, estimates in November indicated that there was sufficient cane available to produce up to 2 million tonnes of raw sugar.

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