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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Cogito Ergo Sum who wrote (5516)	2/23/2003 12:40:15 AM
From: A Horse With No Name	Read Replies (2) of 11633

Rogers is the leading refiner, processor, distributor and marketer of sugar products in Western Canada. I think that makes it more of a consumer play rather than a commodity play. Rogers sugar prices, like any other Canadian refiners, are based upon the world raw sugar market, traded on the New York Coffee & Sugar Cocoa Exchange. All raw sugar transactions related to the Vancouver cane operation are hedged, thus eliminating gains or losses from any raw sugar price movements. At Taber, the raw material is sugar beets, while the selling price of refined sugar is based upon the world price of raw cane sugar. A rise or decline in world raw sugar value will have some impact on Rogers gross margins, as revenues generated in Taber are shared with the beet growers from a pre-determined formula. The formula is set to mitigate the impact on Rogers of large increases or decreases in world raw sugar value N.Y. #11 Settlement (nearby months) past 12 months N.Y. #11 Settlement (nearby months) period:1997-2001

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