News

The Company developed and implemented its automatic accounting system of energy consumption. It is reported by press center of the company. The report, automatically generated by the system, includes a set of indicators on the amount of energy consumed in absolute and relative terms. It al...

«Starokostiantynivcukor» LLC has a number of important reconstructions and modernizations of sugar production facilities, which aim to optimize work processes and significantly reduce energy use. It is reported by the company on its Facebook-page. «This year we have a number of important tasks that our entire team will work hard on, — said Vitaliy Kyryk, the sugar engineer&...

Brazil’s largest sugar-producing region is suffering from a second year of record drought, threatening to cause another short crop in 2022/23 that could prolong high sugar prices. It is reported by gro-intelligence. The Gro Drought Index (GDI) shows that sugarcane-growing areas of São Paulo state, which produces more than half of Brazil’s total sugarca...

In 2021, 363,5 thousand tonnes of sugar were produced in Vinnytsia region, compared to 264 thousand tonnes in the previous season. It is reported by «Golos Ukrainy» with reference to Department of International Cooperation and Regional Development of Vinnytsia Regional State Administration. Last year, 2.4 mill...

Europe's largest sugar producer Suedzucker confirmed a rise of about 90% in third quarter operating profit on Thursday as an improved sugar market boosted earnings. It is reported by Reuters. Suedzucker said operating profit in the three months to Nov. 30 rose to 127 million euros ($145.30 million) on sales up 17.4% to 2.04 billion euros. Suedzucker repeate...

Chinese sugar imports will remain low and sharply below last year's levels, despite the recent weakness in raw sugar futures, as the sweetener's prices in China fall and ocean freight stays expensive, sugar consultancy CovrigAnalytics said on Tuesday. It is reported by Reuters. «The drop in Chinese domestic prices is not surprising as domestic production is picking up and on a seasonal basis shall reach a peak by the end of January»,...

Indian sugar mills have produced 11.56 million tonnes of sugar in the first three months of 2021/22 marketing year, up nearly 4.3% from the same period a year earlier, a trade body said. It is reported by Nasdaq. India is the world's second-biggest sugar producer and the higher output could weigh on global prices. Sugar mills have so far contracted to export about 4 million...

French sugar and ethanol group Tereos said on Monday its subsidiary Tereos Finance Groupe I intended to issue 300 million euros ($340.17 million) in senior unsecured notes, subject to market conditions, to repay some of its existing debt. It is reported by Reuters. The bond would be due in 2027, it said in a financial release posted on its website. The group had already issued similar notes in October 2020, due in 2025. Tereos, t...

According to the estimation of «Ukrsugar» Association, in 2021/2022 MY, Ukrainian sugar production will fully cover the domestic market needs. In 2021, in Ukraine the total sugar beet sown area amounted to 226,6 thousand hectares — 20 thousand hectares more than the previous year. In addition, the weather was good, enough moisture...

If the production at Gnidava Sugar Refinery had not been diversified, the season could not have started. Vasyl Mukha, the director of Gnidava Sugar Refinery, told it, press service of the company reported. «Due to the fact that important management decisions were made in time, the prod...