Tereos profits slowdown on lower sugar crops


French sugar and ethanol group Tereos expects a slowdown this year due to a drop in sugar prices and beet output, after exceptional conditions in 2011/2012 boosted its revenue and profits, Reuters reported citing CEO Alexis Duval .

Tereos estimated that sugar beet yield crops in France fell by 12.5 % in 2012, which would affect the 2012/2013 results.

In Brazil, Tereos announced its sugar cane output would show a 12% recovery in 2012 and it expected another 10 percent increase in the next campaign.

Duval said the group had no new expansion projects planned while it focused on a series of existing investments, including a maize processing plant in Brazil and two grains processing units in China together with Singapore-based Wilmar International.

Download WordPress Themes
Download Best WordPress Themes Free Download
Download Nulled WordPress Themes
Download Nulled WordPress Themes
udemy course download free
download karbonn firmware
Download WordPress Themes
free online course