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French sugar producer Tereos said on Wednesday that two Romanian investors would take over the cooperative's loss-making sugar business in the country, which it had planned to close for over a year as part of a wider strategy to reduce debt. It is reported by Nasdaq. The buyers are Mihaela Neagu and Mihail-Daniel Matache, investors in the agri-food sector, it said in a statement. Neagu was quoted as saying they did not plan to cut j...

A global sugar deficit of 1.01 million tonnes is projected for the 2023/24 season, ending a run of three successive surpluses, analyst Green Pool said on Tuesday in its initial forecast for the crop year. It is reported by Nasdaq. The Australia-based sugar and biofuels analyst's report said that it expect global production to falter, particularly in India, Pakistan and the European Union. Consum...

Sugar mills in India’s top producing state Maharashtra are set to stop cane crushing 45 to 60 days earlier than last year as heavy rain has curtailed sugar cane availability, a senior state government official told on Friday. It is reported by Business Recorder. The western state of Maharashtra, which accounts for more than a third of the country’s sugar output, could produce 12.8 million tonnes of sugar in the 20...

Vinnytsia farmers plan to increase the sugar beet sown area by 27% in 2023 compared to 2022, the head of Regional Military Administration, Serhiy Borzov, said on Facebook. «In Vinnytsia region, the structure of the cultivated area will change slightly in terms of a decrease in the area under grain crops (from 49,7% to 43,7%) and an increase under technical crops (...

France's second-largest sugar maker, Cristal Union, said on Friday it was raising the target price that it will pay for sugar beets in 2023 after France dropped plans allowing growers to use a pesticide banned over risks to bees. It is reported by Nasdaq. The cooperative, which has 9,000 members, said it aimed to pay 45 euros ($48.99) per tonne of beets in 2023, up from 40 euros, premium included, paid for the 2022 crop. Pr...

During October-December 2022, «Astarta» reduced sugar sales by 27,7%, compared to the same period of 2021. It is stated in the company's report for the 4th quarter of 2022, published on the website of the Warsaw Stock Exchange. During the specified period, sugar sales amounted to 62,1 thousand tonne...

Brazil’s center-south sugarcane crushing totaled 440,000 tonnes in the first half of January, industry group Unica said on Thursday, up from the same period last year when processing had already been halted by this time. It is reported by Nasdaq. Sugar output reached 19,000 tonnes, while total ethanol output rose 43% year-on-year to 208.25 million liters, as the current cycle nears its end and Brazil enters a perio...

UK sugar production from the 2022/23 campaign is expected to be lower than previously expected following adverse weather, British Sugar said on Tuesday. It is reported by Reuters.  The beet sugar processor, a unit of Associated British Foods, said in a trading update that production is now seen at 0.74 million tonnes, down from a previous fore...

France has dropped plans to allow sugar beet growers to use again this year a pesticide banned over risks to bees, after a European Union court rejected such exemptions, the country's agriculture minister said on Monday. It is reported by Reuters. After granting sugar beet growers in 2020 an exemption of up to three years to a general ban on neonicotinoid chemicals, the government had been preparing a third and fin...

The EU’s highest court ruled on Thursday (19 January) that EU countries should no longer be allowed temporary exemptions for banned, bee-toxic neonicotinoid pesticides, putting half of all such derogations to an end.  It is reported by Euractiv. The European Court of Justice (ECJ) confirmed that member states will no longer be allowed to grant derogations temporarily permitting the use of seeds treated with...