News

In 2020/2021, in France sugar beet production is experced to decrease by 20%. It is reported by Reuters. France’s farm ministry on Tuesday lowered its estimates for sugar beet crops this year after adverse weather throughout the season. The ministry cut its sug...

As of October 13, Ukraine harvested 1,5 million tonnes of sugar beets. It is reported by Information and Analytical Portal of the agro-industrial complex of Ukraine. Over the last week, the biggest crop volumes were harvested in Vinnytsia (690 thou...

Brazil’s center-south sugar production reached 2.86 million tonnes in the second half of September, 59% more than in the same period a year earlier, industry group Unica said on Friday. It is reported by Reuters. Mills in the region crushed 14% more cane in the period, or 40.22 million tonnes, as above-average dry weather boosted the harvest pace. However, Unica said the excessive...

Germany’s second largest sugar refiner Nordzucker has returned to profit this financial year, helped by cost cutting and stable European sugar markets, it said on Thursday. It is reported by Reuters. The unlisted company said it expected only “a relatively small decline” in sales volumes in its 2020/21 financial year, which started in March, as a result of...

Suedzucker, Europe’s largest sugar refiner, on Thursday posted a 142% surge in second-quarter earnings and reaffirmed its estimate of a stronger annual profit with its sugar and biofuels sectors performing well. It is reported by Reuters. Suedzucker posted an increase in group operating profit to 68 million euros ($80 million) in the second quarter of 2020/2021 fiscal year ended August 2020, from 28 millio...

On October 2, Albacon Ventures Limited, owned by Viktor Ivanchyk, the CEO of «Astarta-Kyiv» agri-industrial holding, acquired almost 7,500 shares of the company. It is reported on the Warsaw Stock Exchange. It is noted that the shares were purchased at a price of 17PLN (about $4,4). The deal amounted to 127 thousand PLN (about $33 thousand) As...

French lawmakers on Tuesday approved a draft bill allowing sugar beet growers to use pesticides that are banned to protect honeybees, a move welcomed by farmers hit by crop disease but condemned by green groups as more backsliding by the government. It is reported by Reuters. The proposal, which contradicts a promise by President Emmanuel Macron during his presidential campaign not to modify the ban on pesticides known as neonicotinoids, aims...

As of October 5, Ukraine harvested 822,2 thousand tonnes of sugar beets. It is reported by Information and Analytical Portal of the agro-industrial complex of Ukraine. Over the last week, the biggest crop volumes were harvested in Poltava (631,5 thou...

The European Bank for Reconstruction and Development will grant «Astarta» an additional USD 10 mln loan tranche to replenish its working capital. Representatives of the Bank and the company signed the relevant agreement on September 30, 2020.  It is reported by press center of the company. Financing is made available within the framework of the credit line existing since 2018 and will help ASTARTA to create an additional liquidity cushio...

Albacon Ventures Limited increased its stake in «Astarta-Kyiv» agri-industrial holding to 39,54%. It is reported on the website of the Warsaw Stock Exchange. Thus, on September 30, Albacon Ventures Limited bought 100,000 shares of «Astarta-Kyiv» at the average price of PLN...