News

«Poltavazernoprodukt» IIC LLC, «Astarta»'s production unit, expands the sown areas under irrigation. The project continues in two «Poltavazernoprodukt» production units  — «Grynky» and «Bugaivka» agrofirms, the company reports. Today th...

Russia first sugar beet test since the beginning of the year shows weight losses. It is reported by Reuters. Russia's sugar beet test, the first since the start of the year, showed an average root weight at 81 grammes compared with 92 grammes in July last year, the Russian S...

Brazil's Copersucar, the world's largest sugar and ethanol seller, expects smaller sugar production in the Brazilian center-south region in the current season due to ageing cane fields and drier weather and sees a more positive outlook for sugar prices.  It is reported by Reuters. Copersucar expects total sugar production in the center-south in 2018/19 to be 28 million tonnes versus 36 million tonnes in the previous crop, company Chief Execut...

The European Bank for Reconstruction and Development (EBRD) is considering a new USELF-III program for 250 million euros to support the development of renewable energy in Ukraine. It is stated in the program description on the bank's website. Since 2009 EBRD has supported the development of renewable energy in Ukraine under the USELF Alternative Energy Financing Pro...

The European Bank for Reconstruction and Development (EBRD) could provide a senior secured long-term loan of up to $20 million to finance working capital of «Astarta» agricultural holding. According to a report on the bank’s website, the decision could be made on June 18. The project will support the company in development and implementation of cooperation with local universiti...

Biosev SA, the Brazilian sugar and ethanol company controlled by commodities trader Louis Dreyfus, posted a net loss of 1,27 billion reais ($341,73 million) in the 2017-18 cane crop season. It is reported by Reuters. The net loss widened sharply from a loss of 600 million reais in the previous crop. This is the first earnings report Biosev has released since closing two deals that boo...

Iranian state purchasing agency the Government Trading Corporation of Iran (GTC) has issued another international tender to buy 60,000 tonnes of raw cane sugar, European traders said on Wednesday. It is reported by Reuters. The tender closes on July 24 and offers are to be made in euros. Origin is optional and shipment is sought in September. The GTC previously issued another tender for 6...

Gnidava sugar refinery plans to invest 290 million UAH in the biogas complex. Its construction is scheduled to be completed in two years, the press service of the company reports. The deputy director of Gnidava Sugar Refinery Liudmyla Stemkovska says, the launch of...

The Philippines said on Monday it will import up to 200,000 tonnes of sugar to fill a shortage in domestic supply that has fuelled a spike in prices. It is reported by Reuters. The Southeast Asian nation is not a regular sugar importer, but it usually buys from Thailand, the world's second-largest exporter after Brazil. The last time the Phi...

In May, Ukrainian sugar producers exported 54 thousand tonnes of sugar or 29% more than in the previous month. «Uzbekistan became the main importer of Ukrainian sugar in May — 72%. Also, 11% of shipments were made to Great Britain, 5% — to Azerbaijan, and 4% — to Moldova», &m...