News

India’s sugar exports could fall by 12% to 5 million tonnes this year as a shortage of containers slows trade and threatens to drive up global prices that are already at four-year highs. It is reported by Reuters. The lower exports from the world’s second biggest sugar producer, especially during the first half of 2021, could also allow rival Brazil to increase shipments in t...

Analyst Green Pool on Thursday lowered its global sugar surplus forecast for the current 2020/21 season, primarily as it trimmed estimates for key producers India and Thailand. It is reported by Reuters. The Australia-based sugar and biofuels analyst also lowered its surplus forecast for 2021/22 as consumption is set to rise with the Covid-19 pandemic receding and with Ch...

Gene-editing could play a key role in England's sugar beet sector, Britain's farming and environment minister George Eustice said on Tuesday, reiterating his support for easing regulations covering the technology. It is reported by Reuters. Eustice told the annual conference of the National Farmers Union that the sugar beet sector has faced major problems this year with virus yellows which is spread by aphid...

About 2,5 million tonnes of sugar have been contracted for exports so far during the 2020-2021 sugar season, according to the Indian Sugar Mills Association (ISMA). It is reported by The Hindu. In a statement, the association, quoting market reports, said about seven lakh tonnes had been physically exported between October 1, 2020 and January 31, 2021. This in...

Significant cold weather in January and February has increased the likelihood that the emergency derogation for the use of a neonicotinoid seed treatment to control virus yellows in sugar beet will not be triggered this season. It is reported by Farmers Weekly. The derogation is based on a Rothamsted virus model predicting that over 9% of the sugar beet crop will be infected with virus yellows by the end of August. It use...

Viktor Gladkyi, the CFO of «Astarta-Kyiv», has acquired a stake in the company. It is reporte on the website of the Warsaw Stock Exchange. According to the data, on February 8, Viktor Gladkyi bought 820 shares at an average price of 44 zlotys ($11,96) per share. Thus,t...

Vietnam said it planned to impose anti-dumping duties on raw sugar that originates in Thailand, claiming soaring imports are undermining its domestic sugar industry. It is reported by Nasdaq. The Vietnamese industry and trade ministry said on Tuesday a 33.88% levy would apply on Thai sugar, but a timeframe for when it will come into force has yet to be decided....

The United States’ sugar stocks-to-use ratio, a key indicator to evaluate supply and demand, jumped for the second consecutive month and reached 16,1% on Tuesday, according to an estimate by the U.S. Department of Agriculture (USDA). It is reported by Reuters. The USDA had increased its stocks-to-use projection from 13,5% to 14,4% in January, due to higher sugar production in the United States. It boosted its projection again o...

«Astarta» is reporting on completion of sale of its two sugar plants in Kharkiv region – Savynskiy and Novoivanivskiy. It is reported by press center of the company. As previously communicated, the Company’s management was focusing on improving the profitability of the Sugar Segment and optimising the co...