Australia’s Sugar Output Valued at Record in 2009, Group Says

Sugar production in Australia in 2009 was estimated to be valued at a record A$2.2 billion, industry group Canegrowers said today in an e-mailed statement.

That exceeds in dollar terms the next highest value crop of A$1.9 billion in the 1994 season, it said. The group sees a positive year for the Australian sugar industry in 2010, Canegrowers said.

SOURCE: bloomberg