News

Two large sugar refineries in Louisiana, which were shut down before Hurricane Ida hit the state, were still not operational on Tuesday as the companies assessed damages and waited for power lines to be restored. It is reported by Reuters. There were also reports of damage to sugarcane crops in the state, the second largest producer in the country after Florida, but it will take some days for agronomists an...

Rusagro opened the season of sugar beet processing – on the 1-st of September, it launched first two sugar plants in Tambov and Belgorod Regions. During next couple of weeks Company will launch its all other sugar plants. It is reported by press-center of the company. Rusagro’s Sugar Business operates 9 sugar plants, located in Tambov, Belgorod, Orel and Kursk regions. In 2021/2022, maximum sugar beet pro...

The International Sugar Organization (ISO) on Friday forecast a global sugar deficit of 3.8 million tonnes in the 2021/22 season. It is reported by hellenicshippingnews. That is up from an ISO forecast in May for a 2.6 million tonne deficit. The inter-governmental body in a quarterly market outlook saw production risi...

The Michigan Sugar Co. on Aug. 24 said it plans to invest more than $65 million to build a desugarization facility at its sugar beet processing factory in Bay County’s Monitor Township. The facility is expected to produce an additional 80 million lbs (40,000 tons) of refined sugar annually from molasses produced as a byproduct of sugar beet processing. It is reported by foodbusinessnews. The project, which is expected to begin in the fall of 2021 and be completed in 18 to 24 months, will allow the company to process 100% of the molasses it p...

Sugar beet yields this year are estimated at 25.5 tons per acre, and American Crystal Sugar pegs total production at about 10.5 million tons, said Steve Rosenau, American Crystal Sugar director of agriculture. Yields in 2020 averaged slightly more than 25 tons per acre, and total production was 10.1 million tons per acre. It is reported by parkrapidsenterprise. Farmers who grow sugar beets for American Crystal Sugar Co. will begin their 2021 pre-pile harvest on Tuesday, Aug. 24. During the pre-pile, farmers...

24 серпня компанія Michigan Sugar Co. заявила, що планує інвестувати більше 65 млн дол. у будівництво об’єкта з дешугаризації меляси на заводі з переробки цукрових буряків Monitor Township в окрузі Бей (Флорида). Очікується, що завод щорічно буде виробляти додаткові 80 млн фунтів (40 тис. т) рафінованого цукру з меляси, побічного продукту переробки буряків.

On August 21, LLC «Selyshche Sugar Refinery» OJSC («Panda» LLC) launched sugar production of the new season. Selyshche Sugar Refinery is one of the oldest refineries in Cherkasy region, built in 1847. Today, it is one of the leading enterprises with a wide raw material base, a perfect sugar production s...

In 2020, «Astarta», the largest sugar producer in Ukraine, exported sugar beet processing products worth $12,81 million, which accounted for 15,5% of total exports of these products from Ukraine. It was announced by the expert of Ernst&Young international company Viktor Kovalenko during a joint discussion of government and business in Kyiv on Wednesday, fixygen.ua reported. Ko...

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...