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SUGAR
Following the Flood of Refined Sugar

Tuesday, September 9, 2008

The price of sugar plunged because of excessive supplies. Refined sugar is ransacking markets, while local sugar is not being absorbed.

arsip tempo : 173511010966.

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THERE were no transactions made during the auction in the joint marketing office of state plantation company PT Perkebunan Nusantara, at Jalan Cut Meutia, Jakarta, on Thursday last week. This was due to sugar refineries—PT Perkebunan Nusantara IX, X, XI, and Rajawali Nusantara Indonesia—not being prepared to release their products because offers were below the benchmark price.

The majority of participants at the tender put in offers with pri

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