Poor yields bring fall in firm’s sugar profits

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British Sugar has seen a fall in its profits after poor growing conditions led to lower sugar beet yields.

The firm, which has a factory in Bury St Edmunds, produced 1.15 million tonnes of sugar this year as opposed to 1.32 million tonnes last year.

Parent company Associated British Foods (ABF) saw its sugar profits drop by 15 per cent, from £510 million to £435 million this year.

However, ABF has reported a 13 percent increase in its overall pre-tax profits, boosted by increases in agriculture and retail and a surge in sales at clothing chain Primark.