News

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 ...

Mexico’s government said on Wednesday it has set a sugar export quota to the United States of 750,876.9 tonnes for the cycle that runs from Oct. 1, 2018 to Sept. 30, 2019. It is reported by Reuters. Mexico is the top foreign sugar supplier to the United States, a coveted 12 million-tonn market where the U.S. government doles out export quotas to about 40 sugar-p...

South Africa has raised import duties on sugar to $680 from $566 a tonne to protect the domestic industry against a surge in imports, the trade and industry minister said on Wednesday. It is reported by Reuters. The South African Sugar Association applied in February to have the tariff raised to $856 a tonne, but the International Trade Administration Commission of South Africa (...

Scorching weather that parched farmland across northern Europe has also stressed sugar beet plants and could push yields in the European Union’s harvest well below last year’s bumper levels. It is reported by Reuters. The EU’s executive had already projected a fall in sugar production in 2018/19 after heavy rain delayed spring planting, and a hot summer in top producing countries...

In July of the current marketing year, Ukrainian producers exported 36,7 thousand tonnes of sugar or 46% less than in the previous month. «The main sugar deliveries (89%) were carried out to Uzbekistan. Also, small volumes were sent to Moldova — 4%, Azerbaijan — 3% and Tajikistan — 2%», — co...

Gnidava Sugar Refinery continue to modernize sugar production, confidently reaching European standards. If we talk about the future, developments in the concept of pulp drying are currently being discussed. The press-service of the company reports. The company have been negotiating with Polish project organization, which have pledged to prepare the relevant project. Today's reconstruction, wh...

«Gorodyshche» LLC cultivates the largest sugar beet area in Volyn region. Roots of breeding varieties have a mass of over 2 kg, and before harvesting, their weight is forecasted to reach 4 kg. It is reported by VolynPost. The huge sugar beet fields spread not far from the village of Gorodyshche in Lutsk district where 180 hectares have been planted with «Akatsiya» v...

Brazil’s energy and logistics group Cosan SA Indústria e Comércio posted a quarterly net loss of 64,3 million reais ($17,05 million) on Wednesday, slightly better than the 76 million reais loss a year earlier, the company said in a market filing. It is reported by Reuters. Cosan, which is a partner of Royal Dutch Shell Plc in the 50-50 joint venture Raízen, the world’s largest sugar producer, reported an Ebitda of 803 million r...