date:Jul 13, 2012
Graham Jones, City analyst with Panmure Gordon, said:Sales[of sugar]over the past 16 weeks have risen by a remarkable 54% plus 28% on a year-to-date basis driven in particular by a strong performance in Europe.
Jones said:The strength of the performance in Europe means we are upgrading our earnings before interest tax and amortisation[EBITA]forecast from 484M to 500M.That compared with 315M for last year.
The European Commission (EC) reported recently that the market price for sugar rose t