News

The CEO of Suedzucker, Europe’s largest sugar refiner, said on Thursday trading conditions remain tough but that he sees potential for a recovery in depressed global sugar prices. It is reported by Reuters. «In the sugar segment we are currently operating in a difficult environment with worldwide production overcapacity and extremely low prices with which hardly any su...

China will levy extra tariffs on out-of-quota sugar imports from all origins starting from Aug. 1, the Commerce Ministry said on Monday, just over a year after introducing hefty penalties on top growers including Brazil and Thailand. It is reported by Reuters. In May last year, the government hit major exporting nations with penalties on sugar shipments after years of lobbying by domestic mills. It still exempted 190 smaller pr...

Brazil will study whether to file a formal complaint at the World Trade Organization over Chinese barriers to Brazilian sugar, the government said on Wednesday. It is reported by Reuters. China imposed duties on imports of Brazilian sugar in May 2017, saying a surge in imports had substantially damaged its local industry. The head of Brazilian sugarcane...

Suedzucker reported a 49 percent drop in first-quarter operating profit which Europe’s largest sugar refiner blamed on a slump in prices. It is reported by Reuters. Operating profit for the March-May quarter fell to 78 million euros ($91,14 million) from 153 million a year earlier. Sales fell to 1,741 billion euros from 1,783 billion...

In June 67,6 thousand tonnes of sugar were exported, or 25% more than in the previous month. «The main sugar deliveries were carried out to Uzbekistan — 51% and Libya — 35%. Also, insignificant volumes were sent to Azerbaijan — 5%, Armenia and Georgia —...

In the period from July 4 to July 6, 2018, «Astarta-Kyiv» agro-industrial holding bought 7,2 thousand of its shares on the stock exchange. It is stated in a message of the company on the Warsaw Stock Exchange. The average price of the share was PLN 33.49 or about $ 9. Thus, the total amount of the transaction was 241 thousand zlo...

«Cygnet Holding» has increased the land bank to 29 thousand hectares. The press-service of the company reports. In particular, it is reported that the company has completed the operation to buy «Ruzhynsky Kray» enterprise, in Zhytomyr region, thus in...

Over the past three years, more than 1,1 billion euros were invested in Ukrainian alternative energy projects. It is reported by the State Agency on Energy Efficiency and Energy Saving of Ukraine. «The positive dynamics of the installation of new renewable energy capacities shows the work of the...

The European Commission has cut its forecast for sugar production in the European Union in 2018/19 to 20,1 million tonnes from a previous projection of 20,4 million tonnes. It is reported by Reuters. «Planting for the 2018/19 sugar marketing year was delayed in many countries due to wet and cold weather in March, — the Commission said in its summer 20...

Salyvonkivskyi Sugar Refinery (Kyiv region) has began the construction of granulated pulp storage complex. It was reported by «Demetra» company, which serves as supplier of equipment for storage and drying of grain. In particular, three Sukup 9010 capacities of 7,96 thousand cubic meter...