Imperial Sugar has laid out $4m to increase its stake in the
Wholesome Sweeteners joint venture, a move that recognises
opportunities in the organic sweetener sector.
Imperial Sugar yesterday (Thursday) announced a higher
first-quarter profit, but predicted that operating income would
fall significantly in 2005 as the sugar industry remains
challenging, reports Philippa Nuttall.
Plant closures and 'competitive pressures?saw profits slide for US
sugar giant Imperial Sugar despite a rise in operating income for
the first quarter. Global sugar surplus keeps the prices down and
competition up.
