According to VERAX Commodities Vice President of Sales and Marketing Pedro Figueroa, the sugar cooperatives in the Red River Valley have continued to invest in facilities. Figueroa cites the region’s dependence on sugarbeet production compared to other parts of the country that may focus on other crops. “Co-ops, particularly in the Great Lakes and in the Rockies, have not invested as much as their Red River Valley colleagues because they’re chasing other opportunities,” said Figueroa. “If you look today at the co-op share prices, the Red River Valley is extremely strong versus Michigan and Rocky (Mountain) co-ops that are pretty much trading at par or zero.”
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