Bloomberg News

Razgulay Drops to Lowest in Four Weeks as Price Falls

October 31, 2011

(Updates with closing share price in second paragraph.)

Oct. 31 (Bloomberg) -- OAO Razgulay, a Russian sugar producer, slid to its lowest level in almost four weeks as the price of the commodity declined.

The stock sank 3.9 percent to 33.32 rubles by the close in Moscow, its biggest fall since Oct. 4.

White, or refined, sugar for December delivery fell 1.8 percent to $702.1 a ton as commodities slid on concern slowing economies may stall demand in Europe.

--Editors: Alex Nicholson, Peter Branton

To contact the reporter on this story: Jason Corcoran in Moscow at jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Alex Nicholson at anicholson6@bloomberg.net


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