date:Feb 20, 2019
French sugar group Tereos, which has been hit by a slump in the sugar market, said on Monday it had secured a loan that would give the co-operative a financial reprieve as it hopes for a rebound in prices.
In December, Tereos which last season became the worlds second largest sugar maker plunged to a first-half loss of almost 100 million euros ($113 million) and said it expected to be in the red across its full financial year for the second year running.
Raw sugar futures ended 2018 at their