Bloomberg News

Gulf Refiners May Switch to Indian Sugar From Brazil’s, SSB Says

January 09, 2012

Jan. 9 (Bloomberg) -- Sugar refineries in the Persian Gulf may switch to using sugar from India, the world’s second-largest producer, according to Swiss Sugar Brokers.

Refineries may buy from the Asian nation instead of top global producer Brazil to exploit a more-than $45 a metric ton difference in freight costs, Naim Beydoun, a broker at the Rolle, Switzerland-based company, wrote in a report e-mailed yesterday.

Al Khaleej Sugar Co., the world’s biggest sugar refiner, is located in Dubai.

--Editors: John Deane, Alastair Reed

To contact the reporter on this story: Isis Almeida in London at Ialmeida3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at Ccarpenter2@bloomberg.net.


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