News

The US Department of Agriculture in its Aug. 12 World Agricultural Supply and Demand Estimates report raised from July its forecasts for US sugar supply for both 2021-22 and 2022-23, resulting in higher ending stocks and stocks-to-use ratios for both years. It is reported by foodbusinessnews. The USDA projected 2021-22 (current year) ending stocks at 1,828,000 tonnes, up 46,000 tonnes from its July forecast, boosting the ending stocks-to-use ratio to...

If Gnidava Sugar Refinery had not diversified its production, the season would not have started at all. It is reported by press service of the enterprise. This year we have two problems — war and energy prices. In Europe, gas already costs more than USD2,000. If Gnidava sugar ref...

Caligula, the foliar fungicide containing fluopyram and prothioconazole from Bayer Crop Science, has been authorised for use in sugar beet. It is reported by farminguk. The news will be welcomed by growers given that this is the last season for Escolta (cyproconazole + trifloxystrobin) and the increasing need to achieve better control...

The Agricultural Bank of Egypt (ABE) and the Faiyum Sugar Works Company signed a cooperation protocol to finance sugar beet farmers in Fayoum governorate It s reported by Daily News. The protocol represents a tripartite cooperation between the Bank, the company, and beet farmers within the Bank’s endeavor to expand the financing of contract fa...

Sugar production in Brazil's main center-south (CS) cane belt increased 8.4% in the second half of July compared with the same period a year earlier to 3.3 million tonnes as mills increase efforts to the production of the sweetener. It is rported by Nasdaq. According to a report from industry group Unica released on Wednesday, mills allocated 47.7% of all harvested cane to sugar production, more than the 46.2% seen at this tim...

«Astarta-Kyiv»‎ attracted lending from one of the largest banks of Ukraine, «Oschadbank». The amount of the loan — UAH500 million. The purpose of the loan is to finance working capital needs in agriculture and sugar production. The company announced it on the Warsaw Stock Exchange. «Board of Directors of Astarta Holding N.V. reports that the State Savings Bank of Ukraine («Oschadbank») financed &laq...

Sugar production in the key Center-South Brazil region is expected to total 3.25 million mt in the second-half July, reflecting an increase of 6.7% on the year, an S&P Global Commodity Insights survey of 11 analysts showed Aug. 9. It is reported by S&P Gloal Platts. During the survey, the cane crush estimate ranged from 48.0 million mt to 49.5 million mt for H2 July. The average estimate was for a total cane crush of 48....

British oil major BP (BP.L) and U.S. commodities trader Bunge Ltd (BG.N) have put their Brazilian sugar and ethanol joint venture BP Bunge Bioenergia up for sale, newspaper Valor Economico reported on Tuesday. It is reported by Reuters. Abu Dhabi's Mubadala (MUDEV.UL) and Brazilian energy company Raizen SA (RAIZ4.SA) - a joint venture of Shell (SHEL.L) and Cosan SA (CSAN3.SA)...

ASR Group, the world's largest sugar refiner, has agreed to a 10-year deal to buy millions of tonnes of non-genetically modified (GMO-free) raw cane sugar from Brazil's Raizen, according to both companies. It is reported by Nasdaq. This is the world's first large-scale deal for GMO-free raw sugar and it comes as several sugar producers in Brazil are starting planting of genetically modified (GMO)...

France's largest sugar group Tereos said on Thursday it currently expects yields in this year's French sugar beet harvest to top the five-year average despite a lack of rainfall. It is reported by Reuters. France, the European Union's biggest agricultural producer, has endured drought and scorching temperatures this summer, with part of the country experiencing a third...