News

Tereos posted record annual sales and earnings supported by high prices but the French sugar and ethanol group expressed caution regarding the sugar beet crop and strength of demand in 2023/24. It is reported by Reuters. Tight global supplies sent global sugar futures SBc1 to 11-1/2 year highs in April while European prices were reaching record levels. The company attributed the result...

Indian mills have shipped out the entire 6.1 million tonnes of sugar allowed for exports, industry officials told Reuters, cashing in on multi-year high prices in the world market and robust demand. It is reported by Reuters. The world's second-biggest producer of the sweetener is, however, unlikely to allow additional exports in the current marketing year ending on Sept. 30, due to a like...

Sugar mills in Brazil, the world's largest producer and exporter of the sweetener, had a very productive first half of May with no stoppages and a large sugarcane crush seen above 40 million tonnes for the fortnight, according to industry analysts. It is reported by Nasdaq. "In the center-south of Brazil no significant rains in May so far so no days lost," said Felippe Reis, crop analyst for EarthDaily Analytics. A survey of 13 a...

«Astarta» has completed the spring planting, having fulfilled the full range of fieldworks on its entire land bank within the optimal time. It is reported by press center of the company. «Last year’s rainy autumn with the very late completion of late grain harvest meant we had to carry out unplanned fieldworks alongside sch...

As of May 25, more than 240,000 hectares of sugar beets were sown in Ukraine. According to official data, 240.9 thousand hectares were planted with sugar beets. The most beets were sown in Vinnytsia and Ternopil regions — 52,000 ha each. They are followed by Khmelnytsk (2...

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...