Illovo production goes up

ILLOVO Sugar says it expects to produce 1,98million tons this year, about 275000 tons more than last year.

ILLOVO Sugar says it expects to produce 1,98million tons this year, about 275000 tons more than last year.

It said yesterday cane production was expected to rise by 1,5million tons to 6,5million tons.

"The world sugar market continues its upward trend on the back of an all-time high global deficit in production compared with demand," Illovo chairman Mount Edgecombe said. - Reuters

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