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Germany's second largest sugar refiner Nordzucker reported a 116% surge in annual profit on Wednesday, benefitting from high sugar prices, and said it is optimistic it will achieve good results in its new financial year. It is reported by Reuters. Unlisted Nordzucker posted a 182 million euro ($200.4 million) net profit for its 2022/23 financial year to end-February, up from 84 million euros the previous year. Sale...

Astarta’s consolidated revenues increased by 37% y-o-y to EUR164m in 1Q23 following better performance in all business segments. It is stated in the company's financial report for the first quarter of 2023. Revenues of the Sugar Production segment increased by 86% y-o-y to EUR37m. 1Q23 revenues were EUR 37m, up b...

The International Sugar Organization (ISO) on Monday sharply reduced its projection for a global sugar supply surplus in 2022/23 (Oct-Sept) to 850,000 tonnes from 4.15 million tonnes seen in its previous quarterly report in February. It is reported by Nasdaq. The new estimate includes revisions in key regions such as Europe, China, Thailand and India, where production came in below previous expectations (see tables below), a si...

As of May 18, more than 207,000 hectares of sugar beets were sown in Ukraine. According to official data, the most beets were sown in Vinnytsia region (52,000 ha), followed by Khmelnytsk (23,500 ha), Poltava (22,500 ha) and Ternopil regions (20,800 ha). The total area o...

1Q23 revenues of «Astarta» sugar segment totalled EUR37m, up by 86% y-o-y on higher sugar sales volumes. Exports contributed 15% of segment revenues in 1Q23. It is reported by «Astarta» in its Report for the First Quarter of 2023. Meanwhile, «Astarta» continues its spring planting in all seven regions of its operations. The rainy...

Soybean and sugarcane producers have blocked the highway connecting Cochabamba and Santa Cruz in Bolivia for the second day in protest against diesel shortages. It is reported by tvpworld. In Bolivia, the government implemented decrees 4910 and 4911 that reduced fuel sales to big buyers of gasoline and diesel from 20,000 to 5,000 liters in order to co...

The fuel pricing change by Brazil's state-controlled oil company Petrobras will likely increase the price gap between ethanol and sugar to the highest level in 12 years, analysts and brokers said on Wednesday. It is reported by Nasdaq. The policy change announced on Tuesday, however, will have no impact to the production strategy of Brazilian sugar and ethanol producers as they start a new season si...

Brazil's center-south sugarcane crushing dropped 12.5% in the second half of April from a year earlier, industry group Unica said on Thursday, with sugar production missing market expectations after rains limited harvesting. It is reported by Nasdaq. Mills in the region were estimated to have lost 10 days of harvesting operations due to bad weather in the first month of the new cycle, Unica said, which is seen resultin...