News

Vietnam has imposed an anti-dumping levy of 47.64% on some sugar products from Thailand for five years to replace a temporary tax introduced in February, the country’s industry and trade ministry said on Wednesday. It is reported by Reuters. The decision comes after the ministry finished an anti-dumping investigation that started last September on behalf of the domestic industry. The probe showed that subs...

Financial director of the agri-industrial holding «Astarta» Viktor Gladkiy acquired a stake in the holding on June 7, 2021. It is stated in the message of the company on the Warsaw Stock Exchange. Thus, the financial director of «Astarta» bought 350 shares at a price of PLN51.42 (about $14) per share. Thus,...

Brazil's center-south region produced more sugar and nearly 10% more ethanol late in May than seen a year earlier, as the dry weather allowed for a quick cane processing pace, industry group Unica said in a bi-weekly report on Thursday. It is reported by Nasdaq. Mills in the region produced 2.62 million tonnes of sugar in the second half of May, 2.6% more than a year ago and slightly above market expectations. Ethanol production r...

Ethanol production in the second half of May in Brazil's key Center-South is expected to increase 3.3% on the year to 1.88 billion liters. It is reported by S&P Global Platts. Sugar production in the second half of May in Brazil's key Center-South region is expected to total 2.590 million tonnes, a slight annual increase of 1....

The potential implication of a reduced workforce, coupled with news of sugar refineries facing hiccups, drew concerns over ongoing delays in Malaysia's sugar exports. It is reported by S&P Global Platts. In a bid to curb the surge in COVID-19 infections in Malaysia, the government announced a two-week nationwide lockdown starting June 1. Under the governm...

Narkevetskiy Sugar Plant is launching an Automation Maintenance and Repair System based on the EAM (Enterprise Asset Management) software and, all sugar plants of Astarta will be covered by it by the end of the year. It is reported by press center of the company. «According to internal preliminary estimates, the automation of these processes will reduce time and simplify the procedure for documenting repa...

In 2020/2021, Thailand's sugar cane output decreased by 11%, compared to the previous crop year. It is reported by bangkokpost. Thai sugar cane output is expected to fall significantly this year because of drought, but millers and farmers may be able to cope with the decrease thanks to th...

India has brought forward its target of blending gasoline with 20% ethanol by five years, in its efforts to accelerate the push towards renewables and make the overall energy basket cleaner, Prime Minister Narendra Modi said. It is reported by S&P Global Platts. Speaking on the occasion of the World Environment Day over the weekend, Modi said the country would now aim to achieve the target of 20% blending by 2025, i...

France’s second-largest sugar maker Cristal Union on Monday posted a 69 million euro ($84 million) net profit in the 2020/21 financial against an 89 million euro loss a year earlier. It is reported by Reuters. Its turnover was up 3.8% at 1.7 billion euros in the year to Jan. 31 while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 201 mill...

UPI-AGRO production units finished sowing campaign. It is reported by press-service of the company. The structure of the sown areas of UPI-AGRO this year is the following: 28 257 ha of sugar beets, 33 846 ha of corn, 19 906 ha of soybeans,...