News

The Indian government's plan to gradually increase ethanol blending in gasoline, as a way to cut pollution and reduce its oil import bill, could be the largest change in the global sugar market since Europe's sugar reform, and possibly drive a bull market. It is reported by Reuters. According to a report released on Monday by food trader and supply chain services provider Czarnikow Group, India's ethanol program will lead the government to end su...

«Teophipol Energy Company» LLC (Khmelnitsk region) launched the third stage of the biogas complex with a capacity of 6 MW. It is reported by ExPro with reference to data from the National Commission for State Regulation of Energy and Public Utilities of Ukraine (NKREKP). As noted...

Suedzucker, Europe’s largest sugar producer, on Wednesday reported lower first-quarter earnings due to the coronavirus pandemic, but remained optimistic that profits would rise in its full financial year. It is reported by Reuters. Suedzucker announced that preliminary group operating profits dropped to 49 million euros ($59.37 million) in the first quarter in its 2021/22 year ending May 31, from 61...

Vietnam has imposed an anti-dumping levy of 47.64% on some sugar products from Thailand for five years to replace a temporary tax introduced in February, the country’s industry and trade ministry said on Wednesday. It is reported by Reuters. The decision comes after the ministry finished an anti-dumping investigation that started last September on behalf of the domestic industry. The probe showed that subs...

Financial director of the agri-industrial holding «Astarta» Viktor Gladkiy acquired a stake in the holding on June 7, 2021. It is stated in the message of the company on the Warsaw Stock Exchange. Thus, the financial director of «Astarta» bought 350 shares at a price of PLN51.42 (about $14) per share. Thus,...

Brazil's center-south region produced more sugar and nearly 10% more ethanol late in May than seen a year earlier, as the dry weather allowed for a quick cane processing pace, industry group Unica said in a bi-weekly report on Thursday. It is reported by Nasdaq. Mills in the region produced 2.62 million tonnes of sugar in the second half of May, 2.6% more than a year ago and slightly above market expectations. Ethanol production r...

Ethanol production in the second half of May in Brazil's key Center-South is expected to increase 3.3% on the year to 1.88 billion liters. It is reported by S&P Global Platts. Sugar production in the second half of May in Brazil's key Center-South region is expected to total 2.590 million tonnes, a slight annual increase of 1....

The potential implication of a reduced workforce, coupled with news of sugar refineries facing hiccups, drew concerns over ongoing delays in Malaysia's sugar exports. It is reported by S&P Global Platts. In a bid to curb the surge in COVID-19 infections in Malaysia, the government announced a two-week nationwide lockdown starting June 1. Under the governm...

Narkevetskiy Sugar Plant is launching an Automation Maintenance and Repair System based on the EAM (Enterprise Asset Management) software and, all sugar plants of Astarta will be covered by it by the end of the year. It is reported by press center of the company. «According to internal preliminary estimates, the automation of these processes will reduce time and simplify the procedure for documenting repa...