Suedzucker posts higher third quarter profit despite sugar losses
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HAMBURG (Reuters) - Suedzucker , Europe's largest sugar refiner, on Tuesday confirmed an improvement in quarterly earnings as stronger bioethanol demand helped offset continued losses from its sugar business.The company confirmed an operating profit of 39 million euros (33.42 million pounds) in the third quarter to November 30 against an operating loss of 23 million euros a year earlier. “The EU sugar market remains desolate with prices too low for profitable production,” a Suedzucker..