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Khon Kaen Sugar Industry

2014-03-10 07:18:45| Sugar Industry News

We expect a sugar price recovery to clearly start manifesting by about mid-year, driven by an improved demand-supply balance in tandem with lower Brazilian output. We are now less optimistic about KSL's FY13/14 sugar businessit is likely to post a weaker performance than previously envisaged, as we now expect the Cambodia and Laos operations to post deeper losses instead of breaking even. Diminished expectations for the sugar business may cap the share price in the near-term.

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