News

The sugar beet harvesting season will start in early September, and in Volyn region two sugar refineries will be in operation — Maryanivskyi and Gnidava Sugar Refineries. Ivanychy Sugar Refinery, which is the third refinery in the region, will not be engaged in processing of raw materials, it will receive beets for their further delivering to another enterprise. The director of the regional department of agro-industrial development Yuriy Gorbenko announced it during an operational meeting on August 7, VolynPost reported. «It is known that Maryanivsky...

In 2018, «A'SPIK GROUP» exported 3,000 tonnes of granulated beet pulp. It is reported by the company on its Facebook page. The corporation informs that, although pulp is not the main product, it is a by-product of sugar production and one of the mo...

Brazilian sugar producers have hedged only 58% of their expected exports in the current season, the lowest level in eight years, as low prices reduce the use of futures contracts by mills as a way to guarantee future revenue. It is reported by Nasdaq. According to a report released on Wednesday by Brazil-based Archer Consulting, Brazilian sugar companies have sold forward in New York's ICE the equivalent of around 1...

World sugar supplies are expected to tighten as production declines in 2019-20, but large stocks and indications of declining demand growth may limit recovery in a market battered by low prices, said Jose Orive, executive director of the International Sugar Organization. It is reported by BakingBusiness. «World sugar prices have hit bottom, and signs are pointing to a recovery», — Mr. Orive said Aug. 5 on a panel at the 36th annual International S...

In 2019/2020 MY, ex-factory prices for sugar will increase by 18% — up to 13 thousand UAH per tonn due to the sugar output decline. According to «Ukrsugar» Association forecast for 2019/2020 MY, sugar production will amount to 1,1-1,2 million tonnes, which is more than a third less than the previous crop...

With yields plunging, sugar beet growers in United Kingdom may discontinue growing crop in wake of neonicotinoid insecticide ban. It is reported by geneticliteracyproject. Sugar beet is a crop that has always demanded close attention to grow well, but Norfolk grower Mark Means has taken that meaning to a whole new level....

Analyst Green Pool has raised its forecast for an anticipated global sugar deficit in the 2019/20 season to 3,67 million tonnes from a previous projection of 1,62 million tonnes. It is reported by Reuters. The Australia-based analyst said on Friday that the main changes to its balance sheet were reductions in crop forecasts for Centre-South Brazil and India. Sugar produc...

In the first half of 2019, agri-industrial holding «Astarta-Kyiv» reduced sugar sales by 17% or 31,23 thousand tonnes. It is reported on the website of the Warsaw Stock Exchange. Sugar sales decreased from 184,58 thousand tonnes in the first half of 2018 to 153,35 thousand tonnes in the first half of 2019. It is no...

Canal Sugar, owned by Dubai-based Al Khaleej Sugar Refinery, plans to complete a beet sugar factory - designed to be the world’s biggest - in Egypt’s west Minya in October 2020. It is reported by Reuters. The UAE’s Al Khaleej Sugar Refinery is the world’s largest port-based sugar refinery. Production at half capacity is expected to begin in 2021 and reach fu...

Farmers who own shares in Australia’s Mackay Sugar have voted to accept a takeover offer from Germany’s Nordzucker, helping secure the company’s future against a backdrop of depressed world sugar prices. It is reported by Reuters. The offer was approved by a 75% majority of Mackay’s shareholders, they said in a statement on Monday. Unlisted Nordzucker, Germany’s second-largest sugar...