News

Indian mills are planning to make raw sugar at the beginning of the new marketing season starting Oct. 1 as a rally in global prices to 4-year highs boosts demand for so-called raws from overseas. It is reported by Reuters. Indian mills traditionally produce white sugar for local consumption and make small amounts of raw sugar for exports. But potential supply tightness in world markets i...

«Astarta»'s sugar segment 1H21 revenues increased by 4% y-o-y to EUR59m on back of higher prices. It is reported by press center of the company. Gross margin increased to 37% in 1H21. EBITDA amounted to EUR18m in 1H21 versus EUR8m in 1H20, with the margin widening to 31% in 1H21. «Asta...

Sugar production in the key Center-South region of Brazil is expected to total 3.089 million mt in the second half of July, down 10.2% year on year. It is reported by S&P Global Platts. Of the analysts surveyed, the sugarcane crush estimate ranged from 45.3 to 48.9 million tonnes. The average estimate was for a total cane crush of...

Sugar output in Brazil, the world's largest producer and exporter, is set to slump - and could suffer next year as well - after three frost events hit crops in the country's center-south region in June and July. It is reported by Nasdaq. Brazil has been hit with an unusually harsh winter this year with temperatures dropping to freezing levels for several days, hurting crops from corn to coffee and sugar ca...

Indian traders for the first time have signed sugar export contracts five months ahead of shipments as a likely drop in Brazil’s production prompted buyers to secure supplies from the South Asian country in advance. It is reported by Reuters. Sugar production in Brazil, the world’s biggest producer and exporter, is likely to drop due to a drought and frost that has damaged the sugarcane crop. Traders...

Brazil’s centre-south (CS) mills produced 2.94 million tonnes of sugar in the first half of July, 2.8% less than a year ago, as agricultural yields in the fields fall way behind last season’s levels, industry group Unica said on Tuesday. It is reported by Reuters. Cane crush in the region was 45.6 million tonnes in the first half of July, 2.3% less than a year ago, while ethanol production increased 1.1% to 2.16 billion liters, Uni...

Sugar production in the key Center-South Brazil region is expected to total 2.951 million tonnes in the first half of July, down 2.6% year on year, an S&P Global Platts survey of 10 analysts showed July 21. It is reported by S&P Global Platts. Of the analysts surveyed, the cane crush estimate ranged from 42.3 to 47.7 million tonnes. The average estimate was for a total cane crush of 45.2 million t...

Dubai’s Al Khaleej Sugar Co., owner of the world’s largest port-based sugar refinery, received the green light to build a factory in Spain, extending its reach beyond the Middle East and North Africa. It is reported by Bloomberg. The company plans to start construction of the plant in Merida next year, said Managing Director Jamal Al Ghurair. The agreement between its subsidiary Iberica Sugar Co...

The CEO of Suedzucker, Europe’s largest sugar refiner, on Thursday reaffirmed expectations of better full-year profit on hopes the economic impact of the pandemic will subside in coming months. It is reported by Reuters. COVID-19 vaccination levels are continually rising worldwide, despite regional differences, CEO Niels Poerksen told Suedzucker’s online shareholders’ meeting....