News

Brazilian mills are expected to produce only 200,000 tonnes more sugar in the 2022/23 season (April-March) despite a better sugarcane crop, as a larger part of the cane will be used to make ethanol, investment bank Itau BBA said on Friday. It is reported by hellenicshippingnews. The bank’s agricultural research arm projected Brazil’s centre-south (CS) sugar production at 32.2 million tonnes in 2022/23 versus 32 milli...

The first physical connection of the plant's capacities to gas distribution networks and the production of biomethane in Ukraine will take place in early 2023. It was announced by Bioenergy Association of Ukraine (UABIO) on its Facebook page. «Gals Agro» is a member of UABIO and one of the largest players in the bioenergy market in U...

Brazil's center-south sugarcane crushing came in below market expectations late in June, data from industry group Unica showed on Tuesday, with sugar output falling from last year as mills kept betting on ethanol and yields remained under pressure. It is reported by Successful Farming. Crushing totaled 41.87 million tonnes in the second half of June, down 7.9% from a year earlier, while analysts polled by financial information provider S&...

India has extended by two weeks a deadline for the export of 800,000 tonnes of sugar as annual monsoon rains make it tough for many producers to move stocks from factories to ports, the government said on Friday. It is reported by The Economic Times. Last month, the world's biggest producer of the sweetener gave its mills until July 5 to export the sugar, but some mills missed doing so because of heavy...

Europe's largest sugar producer Suedzucker (SZUG.DE) on Thursday posted a rise of about 230% in quarterly earnings and confirmed increased profit forecasts for its new fiscal year despite the impact of the war in Ukraine. It is reported by Reuters. Suedzucker said operating profits in the first quarter of its new 2022/23 year starting on March 1 rose to some 163 million euros ($166.23 million) from 49 million euros...

«Agrarian front: strategy of the victory» — the meeting of «Ukrprominvest-Agro» team with partners in sugar beet cultivation took place under this leitmotif. It is reported on the company's Facebook-page. More than 70 agricultural producers gathered in Vinnytsia at the invitation of UPI-AGRO to talk about the prospects of growing sugar beet, familia...

The EBRD is boosting food security in wartime Ukraine by backing more than half the risk of a revolving working capital loan for UAH 330 million (€10.5 million equivalent) to Astarta Group, one of the country’s major agricultural and food processing businesses, through an agreement with Raiffeisen Bank  (RB). The share of the risk the EBRD takes on comes to €6.3 million. It is reported by press center of the company. The EBRD’s risk-sharing instruments enhance local financiers’ capacity to provide access to finance for Ukrainian private companies operat...

The Antimonopoly Committee of Ukraine granted permission to A'SPIK Group to acquire ED&F Man subsidiary. It is stated in the message of the AMCU, AgroPortal reports. «Agro-Orms» LLC has got a permission to acquire a stake in the authorized capital of «Ukrainian Sugar Company» L...

German sugar producer Suedzucker (SZUG.DE) plans "significant" price hikes to offset rising costs and prepares to shift to coal as Russian gas supplies to Western Europe slow in the wake of the Ukraine war, the Mannheimer Morgen newspaper reported. It is reported by Reuters. «The costs of beet cultivation and energy are rising, and these are two significant blocks of production», — Chief Executive Niels Poerksen said in an i...

Sugar production in the key Center-South Brazil region is expected to total 2.4 million mt in the first half of June, reflecting an increase of 7.7% on the year, an S&P Global Commodity Insights survey of 12 analysts showed June 23. It is reported by S&P Global Platts. During the survey, the cane crush estimate ranged from 39.4 million mt to 45 million mt. The average estimate was for a total cane crush of 42.2 millio...