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«Astarta» financial director acquired the company shares

On February 12, 2020, the financial director of «Astarta-Kyiv» Viktor Gladkyi bought a stock of shares of the holding. It is reported by the company on the Warsaw Stock Exchange. Thus, the financial director bought 2 250 shares at a price of 17 PLN (about $4,36). The transaction amounted to PLN 38,25 thou...

 
EU expects continued reduction of sugar beet acreage

The European Union will likely see a further decrease in planted sugar beet this year following the closure of some factories, participants at the annual Dubai sugar conference said on Wednesday. It is reported by Reuters. Sugar production in the trading bloc has fallen for two successive seasons after an initial surge after the EU abolished production quotas in 2017. Prices collapsed as...

 
World's largest sugarcane plant mulls using corn to boost ethanol output

The world’s largest plant to process sugarcane, Brazil’s Sao Martinho mill in Pradopolis, Sao Paulo state, could add corn as a second source of raw material to be able to boost its ethanol production, the company that controls the plant said on Tuesday. It is reported by Reuters. Several cane-based sugar and ethanol plants in Brazil are adding machinery to produce ethanol using corn as well, a model seen as profitable because plants use cane waste...


«A’SPIK GROUP» increased sugar output by 20%

Despite last year's "subsidence" of sugar production in Ukraine by 20%, «A'SPIK GROUP» refineries increased sugar output by 12 thousand tonnes or 20%. It is reported by the company on its Facebook-page. In particular, in 2019, Khmelnytsk region produced over 72,000 tonnes of sugar, of which 46 thousand tonnes were produced at Staro...

 
The world’s largest beet sugar plant to start production in 2021/2022

Egypt’s Canal Sugar will produce 400,000 tonnes a year of white sugar when it starts production in the 2021 season, the chief executive said on Monday. It is reported by Reuters. Construction of the company’s sugar beet factory will be completed this year and the project will reach full capacity of 900,000 tonnes of white sugar a year in 202...


COFCO does not see recovery in Thailand sugar crop soon

Chinese commodities trader COFCO said on Monday it did not predict a recovery in Thailand’s sugar crop any time soon. It is reported by Reuters. COFCO’s Managing Director Softs Marcelo de Andrade made his comments during a panel discussion at an industry conference in Dubai. Thailand’s sugar product...


«RusAgro» sugar refineries increased sugar output by 17%

In 2019/2020, sugar refineries of «RusAgro» operated for up to 156 days and produced 882,6 thousand tonnes of sugar. Output has increased by 17% in comparison to the previous season. It is reported by press-service of the company. Sugar production season started on August 25, 2019 and ended on February 3, 2020. During the season «RusAgro» processed 6,1 mil...

 
India's sugar output drops 24% — ISMA

Indian mills produced 14,1 million tonnes of sugar between Oct. 1 and Jan. 31, down nearly 24% from a year earlier, as some mills were forced to stop cane crushing early due to limited supplies, the Indian Sugar Mills Association (ISMA) said. It is reported by Reuters. The country is the world’s biggest sugar producer and lower output could support global prices,. By the end of January, 446 sugar mills were crushing sugar cane,...


«Astarta» increases sugar sales by 16%

Sugar sales of «Astarta», the biggest sugar producer in Ukraine, in October-December 2019 increased by 16%, compared to the same period of 2018, — up to 60,87 thousand tonnes, the company reported on the Warsaw Stock Exchange. It is reported by «Interfax». After three years of profitable work, in 2018, «Astarta» received a net loss of EUR21,11 million. Last year its revenues declined by 18,8% &mda...

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