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Article: SWEET PROFITS
- Article from:
- The Billings Gazette
- Article date:
- January 28, 2009
- Author:
CopyrightCopyright Billings Gazette Jan 28, 2009. Provided by ProQuest LLC. (Hide copyright information)
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Here's some sweet news for sugar beet farmers waiting for their 2008 crop to be bagged: high sugar prices, which peaked last fall, are sticking around, and large buyers, with little sugar on the shelf, should be ready to pay up.
The conditions are right for moving some product, which should be ready for market in the next couple of weeks at the Western Sugar Cooperative refinery in Billings, said Mike Hofer, the co-op's vice president for agriculture. The cooperative should finish refining sugar in early February. Demand has driven the bulk market price for sugar to $35 per hundredweight. That's 45 percent more than sugar's going rate in January 2008.
Most of the co-op's sugar is sold to ...