News

Astarta's sugar production segment showed a robust performance in 1H23, with revenues boosted by 39% y-o-y to EUR86m. More robust results reflected 25% y-o-y higher sugar sales volumes of 120kt and a 13% y-o-y higher selling price of EUR693/t It is reported by the company in its report. Exports of sugar and sugar-by products contributed 26% of segment revenues in 1H23 vs. 5% in 1H22. The Ukrainian government suspended white sugar exp...

Ukraine began new 2023/2024 season of harvesting and processing sugar beets. According to official data, two sugar factories started sugar beet processing. One of them is located in Vinnytsia region, and the other — in Cherkasy region.

British Sugar has announced this autumn's factory start dates for its 2023/24 sugar beet processing campaign. It is reported by Eastern Daily Press. The Bury St Edmunds site in Suffolk will be the first of the company's four factories to open for deliveries from East Anglia's sugar beet grower...

Sugar group Tereos has agreed to sell a factory site in northern France to fries maker Agristo following its announcement in March that it would end sugar production there, France's industry ministry said on Monday. It is reported by Reuters. Belgian firm Agristo plans to invest around 350 million euros ($378.4 million) to develop a new factory for potato-based products to replace the existing sugar processing...

India will decide on sugar exports for the 2023/24 season once firm estimates of total sugar cane production become available, the government said on Thursday. It is reported by Nasdaq. "Government's priority is to ensure sufficient availability of sugar for consumption, ethanol production and maintaining closing stocks of 6 million tonnes for 20...

Brazil's center-south sugar production rose 31.2% in the first half of August when compared with a year earlier, totaling 3.46 million metric tons, data from industry group UNICA showed on Thursday. It is reported by Nasdaq. UNICA said in a report that 47.87 million tons of sugarcane were crushed in the period, up 23.4% from a year ago, despite some time lost due to unfavorable weath...

India may ban sugar exports for the next season starting in October due to diminished cane yields caused by insufficient rainfall, reported news agency Reuters citing three government sources. This anticipated move follows a lack of rain impacting top cane-producing areas, with monsoon rains in Maharashtra and Karnataka being up to 50 per cent below average. A ban on Indian sugar exports...

Industry Minister Agus Gumiwang Kartasasmita has stated that the government is determined to accelerate efforts to achieve sugar self-sufficiency by 2028. It is reported by antaranews. To meet the sugar needs of industries, self-sufficiency is targeted to be achieved by 2030, he said in a statement released on Tuesday. He noted that in order...

Sugar production in Ukraine has been increased, but the government isolated domestic products from the European market. This opinion was expressed by Vyacheslav Chuk, the commercial director of «Astarta» agri-industrial holding, for «Ekonomichna Pravda». «This year, we plan to return be...

The Antimonopoly Committee of Ukraine has started consideration of the case of concentration in form of acquisition by «Radehivskyi Sugar» LLC of the assets of «Gnidava Sugar Refinery» private joint-stock company, which ensure the implementation of white (beet) sugar production. It is reported by press service of AMCU. The owner of «Radehivskyi Sugar» LLC is German company Pfeifer & Langen. It also owns four sugar factories in Ternopil region...