News

Sugar exports from the EU will not exceed 2 million tonnes in the coming years, says the head of Sucden analytical department Marina Sidak at «Sugar World 2019» International Congress. «During the last 5 seasons, sugar exports from the EU ranged from 1,4 to 3,6 million tonnes. The season of 2017/2018 MY after the abolition of production quotas in...

High grain prices may lead to a higher than expected reduction in sugar beet harvested area in 2019/2020 MY in the CIS countries, says the head of Sucden analytical department Marina Sidak at «Sugar World 2019» International congress. She says, next year in Ukraine the harvested area will decrease by 11% — to 250 thousand hectares, and sugar production is expected at the level of 1,4-1,6 million tonnes. In addition, ther...

Yuzepho-Mykolaiv biogas company will launch biogas plant with a capacity of 3-MW that will operate on the sugar beet pulp in May. AgroTimes reports about it. It will be invested about 7,5 million euros in it, said Yevgen Lukashevych, the head of UTC and the general contractor of the project, at the International Congress &laq...

Rising gasoline prices in Brazil and improved economic prospects in 2019 are boosting the outlook for ethanol sales and mills may once again skew toward the biofuel and away from sugar as the new cane crop approaches. It is reported by Reuters. Ethanol remains more attractive at present and mills will likely heavily favor production of the biofuel as the 2019/20 cane harvest begins in the center-south region in...

Kopernik Global Investors LLC increased its share in «Astarta-Kyiv» agri-industrial holding to 5,04%. It is announced by the company on the Warsaw Stock Exchange website. On February 14, 2019, as a result of acquiring 12,95 thousand «Astarta» shares, Kopernik's share in the aut...

According to the results of 2018/2019 MY, Kryzhopil Sugar Refinery became the leader in sugar production, producing 170,97 thousand tonnes of sugar. The second place was occupied by Gaisin Sugar Refinery, which produced 120,8 thousand tonnes of sugar. The third place — Radekhivskyi Sugar Refinery, which produced 108,49 thousand ton...

According to the forecasts of the Analytical Department of «Ukrsugar» Association, in the current marketing year sugar beet harvested area will amount to 220-230 thousand hectares, which is almost four times less than last year. «Sugar beet sowing campaign will begin in one and half month and we have disappointing forecasts of the harvested areas. According to our data, in the current year, the ​​sug...

A drop in Indian harvest for a second year will potentially cut overseas shipments and support global prices that fell 21 percent in 2018. It is reported by Business Standard. Sugar output in India, which vies with Brazil as the world’s top producer, will likely drop to a three-year low next season as dry weather in some ma...

World sugar prices are forecast to rise this year with the market swinging into deficit in the 2019/20 season, a Reuters survey of 10 analysts and traders showed on Monday. It is reported by Reuters. Raw sugar prices were expected to end the year at 14.60 cents per lb, up 15 percent from Friday’s close, according to the median forecast of responses. The world...

Brazilian sugar and ethanol company Sao Martinho SA cut its estimate for cane crush growth in the new season that starts in April to 5% from 10% expected in December due to below-average rains in the center-south region. It is reported by Reuters. Sao Martinho’s Chief Financial Officer Felipe Vicchiato said that it expects sugar prices to improve in coming months due to expected reductions in production...