Low prices prompt American Crystal Sugar default

10/1/2013 | Grand Forks Herald (N.D.)

American Crystal Sugar said it will forfeit the sugar it put up as collateral and default on a $71.2 million government loan. Annual growth for the sugar processing industry is predicted to grow an average of 1.2% per year from 2013 through 2018, down from 4.5% from 2008 through 2013, according to IBISWorld, which tracks the sugar industry.

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Grand Forks Herald (N.D.)

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