Australian Sugar Crush Hit by Delays From Strikes, Heavy Rain [Yahoo! Finance]
WILMAR INTL LTD UNSP/ADR (WLMIY)
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Source: Yahoo! Finance
(Bloomberg) -- Strikes and heavy rainfall across key growing areas are delaying Australia's sugar crush, threatening exports and farmers' ability to plant next year's crops. Most Read from Bloomberg Chicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host City UK Transport Minister Clears Path for More 20mph Speed Zones With Self-Driving Vans, Hamburg Tries to Make Microtransit Work The Serious Work That Free Play Can Do Months of industrial action by workers in many sugar mills, as well as a recent bout of wet weather in Queensland is posing an increasing risk to this season's crop, industry body Canegrowers said. Around 8.5 million tons of the harvest in the state — which produces almost all of the country's cane — has been crushed so far, about 1.5 million tons less than this time last year, it said. Australia is the third-largest exporter of raw sugar, and more than 80% of its harvest is shipped overseas. Lower supplies from the nation could help to mod
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