News

French cooperative group Tereos, one of the world’s largest sugar makers, reported a fall in quarterly earnings as historically low prices outweighed stronger volumes following the liberalisation of the European sugar market. It is reported by Reuters. Tereos’ adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in the first quarter of its 2018/19 financial year came to 84 million euros (...

India has extended the deadline for export of 2 million tonnes sugar by three months to December. It is reported by Reuters. The world’s second-biggest sugar producer has been trying to reduce sugar stocks after harvesting a record crop. India’s sugar production is expected to ju...

Bunge Limited announced it has completed the sale of its international sugar trading operations to Wilmar Sugar Pte. Ltd. It is reported by Bunge. Financial terms were not disclosed. Bunge has been negotiating about the sale of sugar assets in Asia. The expected deal will provide Wilmar access to the Thailand marke...

The Minnesota sugar beet crop is expected to be smaller this year, due to the long winter and rainy start to the summer. It is reported by StarTribune. Yield forecasts are down more than a ton per acre — a decline of about 4 percent, according to the U.S. Department of Agriculture — as farmers gear up for...

Gnidava Sugar Refinery carries out sugar beet audit and expects to process more than 500 thousand tonnes of beet. It is announced by the deputy chief executive on raw materials of Gnidava sugar refinery Oleksandr Nikishyn, the press-service of the company reports. He says that such sugar beet&nb...

Over 400,000 tonnes of cane have so far been crushed by the three sugar mills. It is reported by FBC. Fiji Sugar Corporation Chief operating officer, Navin Chandra says that this has produced over 40,000 tonnes of sugar. Chandra says they are happy with how things have pro...

Within  the framework of «Sugar Trade and Export 2018» Conference, which will be held on August 30 in Kyiv, the head of the analytical service «Sucden» (CIS) Maryna Sidak will comment the situation on the sugar market in the CIS countries. According to her forecasts, in MY 2018/2019, global sugar production will return to the annual average level, and Brazil will switch to ethanol: «World sugar production will drop...

According to the results of the first half of 2018, «Astarta» sugar segment generated revenues of EUR 67,5 million, which is leading contribution to the group’s total revenues (39%). It is stated in the report of the company. Consolidated revenues stood at EUR 175 million (-30% y-o-y) on the correction of sugar price, decreased sales volumes and a volatile performance of the EU...

This season sugar beet production in Vinnytsia region is forecasted to increase by 10-15%, as compared to the last year's figures. It is reported by «Golos Ukrainy». Heavy rains in Vinnytsia region at the end of July - in early August added weight to beet roots, but reduced sugar content in it. During the f...

Gnidava Sugar Refinery continues production modernization. The establishment of «Babbini» pulp presses is at the final stage. The equipment is intended for pulp spinning after diffusion. The press-service of the company reports. If we talk about the future, the developments in the concept of drying pulp have currently been discussing. The company is negotiating with ...