News

Gnidava Sugar Refinery continues to modernize production. The installation of «Babbini» beet pulp presses is in the final stage. The equipment is intended for pulp spinning after diffusion. It is announced by the deputy chairman of the investment board Glib Galkevych, the press service of the company reports. «Two thirds of equipment have already been installed, we begin to brin...

All three sugar mills in Fiji have commenced the 2018 crushing season with over 180,000 tonnes of sugar cane crushed by 23-rd July. It is reported by fijivillage. The Fiji Sugar Corporation in a statement revealed that this is 9% above what was crushed for the same period in 2017. It adds that the Labasa Mill has crushed 123,09...

Experts call the bioethanol production at Gnidava Sugar Refinery in Lutsk as one of the examples of production that moves towards Ukraine's energy independence. It is reported by the press service of the company. «This project is necessary for Ukraine. We get energy resource from our molasses, which can replace 50 thousand tonnes of oil in a yea...

As a result of the 2-nd quarter of 2018, «Astarta-Kyiv» agro-industrial holding increased its sugar sales by 13% — to 91.74 thousand tonnes, as compared to the same period of 2017. It is stated in the company's  message on the Warsaw Stock Exchange. As it is noted, wheat sales decreased by 98%, corn — by 5%, barley — by 98%. At the same tim...

«Astarta-Kyiv», the largest sugar producer in Ukraine, will receive a long-term loan to finance the working capital needed for plant growing, sugar beet and soy processing. It was announced by the leading adviser on external communications of the Bank Anton Usov, delo.ua reports. The EBRD Board of Directors approved a loan decision at the meeting on July 18. The...

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 —...