Weak European sugar prices, higher gas costs and lower UK beet yields are weighing on ABF’s sugar outlook, while its Grocery and Ingredients businesses continue to grow.
Associated British Foods expects its sugar division to remain under pressure as rising energy costs, lower sugar prices and weaker volumes continue to impact profitability.
ABF plans Primark demerger by 2027 while reporting lower earnings, with sugar business losses and weak US demand weighing on first-half performance.
Associated British Foods advances its Eswatini growth strategy with a multi-phase expansion to boost sugar output and strengthen sustainability.
Associated British Foods halts wheat buying and begins consultations as UK bioethanol unit faces shutdown due to market shifts.