News

 
Analysts see perfect first half of May for Brazil sugar mills

Sugar mills in Brazil, the world's largest producer and exporter of the sweetener, had a very productive first half of May with no stoppages and a large sugarcane crush seen above 40 million tonnes for the fortnight, according to industry analysts. It is reported by Nasdaq. "In the center-south of Brazil no significant rains in May so far so no days lost," said Felippe Reis, crop analyst for EarthDaily Analytics. A survey of 13 a...


«Astarta» completed spring planting 2023

«Astarta» has completed the spring planting, having fulfilled the full range of fieldworks on its entire land bank within the optimal time. It is reported by press center of the company. «Last year’s rainy autumn with the very late completion of late grain harvest meant we had to carry out unplanned fieldworks alongside sch...


Ukraine planted more than 240,000 hectares of sugar beets

As of May 25, more than 240,000 hectares of sugar beets were sown in Ukraine. According to official data, 240.9 thousand hectares were planted with sugar beets. The most beets were sown in Vinnytsia and Ternopil regions — 52,000 ha each. They are followed by Khmelnytsk (2...


Nordzucker upbeat as high sugar prices boost profit 116%

Germany's second largest sugar refiner Nordzucker reported a 116% surge in annual profit on Wednesday, benefitting from high sugar prices, and said it is optimistic it will achieve good results in its new financial year. It is reported by Reuters. Unlisted Nordzucker posted a 182 million euro ($200.4 million) net profit for its 2022/23 financial year to end-February, up from 84 million euros the previous year. Sale...


Astarta increased quarterly revenues by 37%

Astarta’s consolidated revenues increased by 37% y-o-y to EUR164m in 1Q23 following better performance in all business segments. It is stated in the company's financial report for the first quarter of 2023. Revenues of the Sugar Production segment increased by 86% y-o-y to EUR37m. 1Q23 revenues were EUR 37m, up b...

 
ISO cuts view on global sugar surplus to below 1 mln tns

The International Sugar Organization (ISO) on Monday sharply reduced its projection for a global sugar supply surplus in 2022/23 (Oct-Sept) to 850,000 tonnes from 4.15 million tonnes seen in its previous quarterly report in February. It is reported by Nasdaq. The new estimate includes revisions in key regions such as Europe, China, Thailand and India, where production came in below previous expectations (see tables below), a si...


Ukraine planted more than 207,000 hectares of sugar beets

As of May 18, more than 207,000 hectares of sugar beets were sown in Ukraine. According to official data, the most beets were sown in Vinnytsia region (52,000 ha), followed by Khmelnytsk (23,500 ha), Poltava (22,500 ha) and Ternopil regions (20,800 ha). The total area o...


«Astarta» increased sugar beet sown area by 20%

1Q23 revenues of «Astarta» sugar segment totalled EUR37m, up by 86% y-o-y on higher sugar sales volumes. Exports contributed 15% of segment revenues in 1Q23. It is reported by «Astarta» in its Report for the First Quarter of 2023. Meanwhile, «Astarta» continues its spring planting in all seven regions of its operations. The rainy...

Search