Cosen jumps as U.S. government plans duties on imported Mexican sugar

|By:, SA News Editor

Fuel distributor Cosen (CZZ +4.6%) is sharply higher following news that the U.S. government may tax imports of Mexican sugar at fees as high as 17%.

U.S. sugar prices are up 18% since March, ending yesterday at a nearly two-year high of 26.35 cents/pound.

CZZ is active in the production and sale of ethanol and other products derived from sugarcane.