News

Sugar cane output for the 2021-22 crop year is expected to drop below 100 million tonnes as sugar millers are offering higher prices amid tough competition to buy crops. It is reported by Bangkok Post. Drought is a major factor reducing yields, which will affect sugar production and exports. Even in the wet season, Thailand will see less rainfall this year,...

The sugar beet yield in this year’s European Union harvest is expected to drop 2.5%, the EU’s crop monitoring service said on Monday. It is reported by Hellenic Shipping News. MARS lowered its forecast for this year’s EU sugar beet yield, now expected at 73.6 t/ha, compared to 75.5 t/ha forecast last month.

«Ukrprominvest-Agro» has started selling packed sugar under its own brand «Kryzhopilskiy Tsukrovar». It is reported by press center of the company. The first 24 tonnes of packed product were received in May and are ready for shipment to trade markets of Ukraine. The packed sugar is available in 1...

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...