Sugar Rises as U.S. Ruling on Gene-Modified Beets May Spur Import Demand

Sugar rose in London after a U.S. judge ruled against genetically-modified sugar beets in the U.S., potentially limiting supplies and spurring more demand for imports.

The ruling on Aug. 13 by Jeffrey S. White in the U.S. District Court for the Northern District of California only applies to future plantings.

“It’s not bearish,” said Jonathan Kingsman, managing director of research company Kingsman SA in Switzerland. “If someone is looking for a bullish reason to buy, they might buy on this.”