News

For 9 months of 2019, «Astarta» sugar revenues decreased by 10% y-o-y — to EUR 87 million on flat sugar price and decline in sugar sales volumes by 12% — to 240kt (including 16kt of export sales) amid unfavorable development of local and global sugar prices for the two consecutive years. It is reported by the company in its report. The Ukrainian sugar production campaign for 2019/2020 season started with 31 sugar plants, the lowest in the history of Ukraine, and the area planted un...

Beet producers Western Sugar Cooperative and United Sugars Corp issued force majeure notices to clients late Tuesday, according to three market participants, after a cold snap hit large portions of the United States. It is reported by Reuters. March ICE sugar futures were up 2,1% in the session to $334,30 a tonn. Force majeure is declared when a company is unable to meet its commercial commitments due to unfore...

The snow and cold weather caused local sugar beet farmers to band together and harvest their crop before the deadline. It is reported by wnem. «A lot of tough weather conditions to work through, a lot of stress, a lot of anxiety, but they got it done», — Executive Vice President of Michigan Sugar...

Agricultural farms of Ternopil region almost completed sugar beet harvesting. Thus, the local sugar refineries are in the midst of the sugar production season. The press service of Ternopil Regional State Administration reports. The Director of the Department of Agro-Industrial Development of Regional State Administration Volodymyr Stakhov said, that...

In the first decade of November, Cygnet finished sugar beet harvesting campaign. In particular, on November 1, Cygnet harvested 167,3 thousand tonnes of sugar beet from the area of 3,8 thousand hectares with the yield of 41,2 t/ha. It is reported by press-service of the company. The Deputy Director General of «Cygnet Center» LLC Mykola Zhuravel says, that despite the lower yield, compared to last year, sugar...

Heavy rains disrupted EU sugar beet harvesting operations, adding to the challenge faced by farmers who are trying to get winter crops planted. It is reported by Reuters. The rains have delayed grain sowings in parts of the European Union with the situation particularly severe in Britain where they could trigger a significant shift to spri...

Brazil's center-south is approaching the end of this year's sugarcane season much earlier than expected, as drier-than-normal weather during most of the last weeks sped up harvesting and led to several mills announcing the end of crushing. It is reported by Nasdaq. The main Brazilian sugar belt crushed 32,6 million tonnes of cane in the second half of October, 30% more than in the same period a year earlier, a similar quick-pace perf...

FAO expects world sugar production to drop in 2019/20 (October/September), falling below total consumption. The forecast for global sugar production in 2019/20 has been revised downwards in recent months and is now pegged at just over 175 million tonnes, representing a 2,8 percent decrease from 2018/19. It is reported in FAO Food Outlook Report. International sugar markets are seen heading for a modest tightening in the 2019/20 marketing season, as production is forecast to fall below the previous...

Sugar output in Thailand may decline below 12 mln tonnes in 2019/2020 due to a likely fall in cane production in the east Asian country, Thai Sugar Millers Corp Ltd Director-General Rangsit Hiangrat said. It is reported by cognecis. In 2018/2019, the country produced 14,5 mln tonnes sugar. Thailand is one of the world's largest producers and exporters of the commodity. The cane prod...

The Indian Sugar Mills Association (ISMA) reduced its 2019/2020 sugar production forecast by 5%, compared to the previous expectations. It is reported by Reuters. India is expected to produce 26,85 million tonnes of sugar in the current year that began in October 2019, a 5% drop compared to a previous estimate of 28,2 million tonne...