News

During the period from November 14 to 16, «Astarta» agri-industrial holding bought up 1,065 thousand of its own shares on the stock exchange. It is stated in a message of the company on the Warsaw Stock Exchange. As noted, the average price of the stock was PLN29.01 ($7.67). The total amount of the transaction amounted to about PLN120,00...

The U.S. government on Tuesday forecast world sugar production will fall about 9 million tonnes in 2018/2019 to 185,9 million tonnes, while global consumption swells to new records. It is reported by Reuters with reference to USDA report. In its biannual report the U.S. Department of Agriculture (USDA) said the decline in global production was primarily due to Brazil, where yi...

Indian sugar mills produced 1,2 million tonnes of the sweetener between Oct. 1 and Nov. 15, down from 1,4 million tonnes in the same period last year, the Indian Sugar Mills Association (ISMA), a producers’ body, said in a statement. It is reported by Reuters. Last month, the ISMA scaled down its output estimates for the 2018/19 season that began on Oct. 1 to 32 million tonnes, from its previous forecast of 35-35.5 million tonn...

Tongaat Hulett revealed that sugar production at its Zimbabwean unit increased by 9,2 per cent — to 306 000 tonnes in the six months period ended September 30, 2018, compared to 280 000 tonnes in the same period in 2017. It is reported by Pindula News. This has been driven by increased water availability and accelerated sugarcane root replanting. The company said in a statement As a result, the Zimbabwe sugar op...

Ternopil region continues sugar beet harvesting. As of November 1 this year, 927,8 thousand tonnes of sugar beet were harvested from 21,3 thousand hectares (63,1% of the harvested area). It is reported by NashDen with reference to the Main Department of Statistics in Ternopil region. However, the average sugar beet yield is much lower than last year, it reaches 436 centne...

Companhia de Bioenergia de Angola (Biocom) ended its 2018 campaign on Thursday with production of 73,000 tonnes of sugar, an increase of 21% year-on-year, the company’s sales director said. It is reported by Macauhub. Biocom expects turnover of the equivalent of US$200 million in kwanzas by the end of the year, said Fernando Koch. With four filling lines, two of which for 50 kg bag...

Farms of Rivne region complete sugar beet harvesting. It is reported by Agricultural Department of Rivne Regional State Administration. Sugar beet have been harvested from the area of 10,4 thousand hectares, which is 84% of the total ha...

Germany’s second largest sugar refiner Nordzucker is in talks to buy Australian producer Mackay Sugar, a Nordzucker spokeswoman said on Thursday. It is reported by Reuters. Nordzucker said earlier this year that it was considering acquisitions in the changed trading environment after the European Union liberalized its sugar market. «...

The International Sugar Organization on Thursday sharply reduced its forecast for an expected global sugar surplus for the 2018/19 season, cutting production outlooks for Brazil, India, Pakistan and the European Union. It is reported by Reuters. The inter-governmental body, in a quarterly report, forecast there would be a global surplus of 2.17 million tonnes in 2018/19 (October/September), down from a previous p...

In October of the current marketing year, Ukrainian producers exported 58,3 thousand tonnes of sugar or 5 times more than in the previous month. «The main deliveries were made to Uzbekistan — 60% and Azerbaijan — 22%. Also, insignificant deliveries were made to Tajikistan (5%), Armenia and Moldova (by 3%)»...