News

The ongoing drought has delayed the harvest of East Anglia's sugar beet crop — prompting British Sugar to push back the opening dates for its factories. It is reported by Eastern Daily Press. The firm announced that its factories at Bury St Edmunds in Suffolk and Cantley in Norfolk will open later than usual this year, on October 5 and 20 respectiv...

«Astarta-Kyiv» sugar segment 1H22 revenues increased by 5% y-o-y to EUR62m, with 16% y-o-y lower sugar sales volumes offset by 23% y-o-y higher prices. It is reported by press center of the company. Export volumes stood at 4kt, comprising 4% of total sales. Gross margin dropped by 14pp from 37% in 1H21 to 23% in 1H22 due to higher cost of sales. E...

The management of Dangote Sugar Refinery Plc has said it is set to reduce the importation of sugar into Nigeria by 40%. It is reported by Punch. The President, Dangote Group, Aliko Dangote, said in a statement that it was embarking on Phase II of its sugar project, which would cover over 100,000ha to make the sugar...

Sugar producer Nordzucker expects group harvest to be below last year’s level due to the drought across large parts of Europe. It is reported by ESM. The group will commence processing sugar beet on 3 September. Nordzucker is beginning its production of sugar this year at its plant in Schladen, Germany, as part of...

russia's 2022 production of sugar beet is expected to rise by 5% from a year earlier, the Russian Sugar Producers' Union industry lobby said, adding that sugar refineries had started processing this year's crop. russia has doubled sugar output over the past 15 years to end a reliance on imports and is currently self-sufficient. However, the supply of the commodity has been in the spotlight for domestic con...

Ukrsibbank, a Ukrainian associate of BNP Paribas Group, extends a USD8m loan to «Astarta». It is reported by press center of the company. As part of its efforts to boost food security in wartime Ukraine, the EBRD guarantees 60 per cent of the USD8m facility through an agreement with part...

Brazil's center-south sugarcane crushing fell 13.7% in the first half of August from a year earlier, bringing down sugar and ethanol production on the back of lower raw material availability, industry group Unica said on Wednesday. It is reported by Successful Farming. Crushing in Brazil's main cane belt totaled 38.62 million tonnes in early August, missing market expectations as analysts polled by S&P Global Commodit...

Sugar production in Brazil's key Center-South region is expected to total 2.85 million tonnes in the first half of August, reflecting a 5% year-on-year decline, according to results from an S&P Global Commodity Insights survey of 11 analysts. It is reported by S&P Global Platts. During the survey, the cane crush estimate ranged from 37 to 43.8 million tonnes. The average estimate was for a total cane crush of 41.4 million tonnes, do...

The US Department of Agriculture in its Aug. 12 World Agricultural Supply and Demand Estimates report raised from July its forecasts for US sugar supply for both 2021-22 and 2022-23, resulting in higher ending stocks and stocks-to-use ratios for both years. It is reported by foodbusinessnews. The USDA projected 2021-22 (current year) ending stocks at 1,828,000 tonnes, up 46,000 tonnes from its July forecast, boosting the ending stocks-to-use ratio to...

If Gnidava Sugar Refinery had not diversified its production, the season would not have started at all. It is reported by press service of the enterprise. This year we have two problems — war and energy prices. In Europe, gas already costs more than USD2,000. If Gnidava sugar ref...