After having been caught off-guard by the EU Commission's 2013 decision to scrap the bloc's sugar quotas in 2017 the leading producers have been busy to make up for the lost time. This process has been gathering speed recently when the Top European companies p...

South Africa - Illovo operating profit falls 12.3% in tough year

Illovo Sugar’s operating profit declined 12.3% from ZAR1.887 bln ($1=ZAR12.00) in 2013/14 to ZAR1.655 bln in 2014/15 (Apr/Mar) and headline earnings per share (HEPS) declined 7.7% from 194 cents per share to 17...

Cuba - Raw sugar output seen reaching around 1.85 mln t in 2014/15

The Cuban sugar industry has met its technical plan of 1.8 mln tonnes of raw sugar for the 2014/15 harvest, according to provincial media reports and industry sources, but will fall short of hopes that output c...

South Africa - Tongaat Hulett operating profit drops 12% in 2014/15

Tongaat Hulett achieved an operating profit of ZAR2.089 bln ($1=ZAR11.92) in the 2014/15 financial year ended March 31, down 12% from ZAR2.374 bln a year earlier, the company announced. Group revenue rose 2.8% ...

Bangladesh - Plans for sugar import duty revoked

The Bangladesh government has backtracked from plans to levy a duty on the import of sugar, according to local media.Commerce Minister Tofail Ahmed said the government took the decision to keep the supply and p...

United States - ADM scaling back sugar operations

Archer Daniels Midland Co (ADM) is scaling back its modest-sized sugar trading operations and the London-based head of that business, Alberto Peixoto, has left after 3-1/2 years, a sign of the sugar market's de...

South Africa - Unions’ dispute may spur strike in sugar sector

Unions in the sugar industry are due to lodge a dispute with employers on May 27, amid fears of a strike that would cripple the struggling industry. Industrial action would compound the industry’s woes at a tim...

Mexico's sugar mills produced 154,132 tonnes of sugar, tel quel, in the week ended May 23, down from 161,586 in the previous week and compared with 17...

Ukraine - AgMin sees sugar output down 42% in 2015/16

Ukraine's sugar output is likely to reach 1.2 mln tonnes, white value, in 2015/16, a fall of 42% from the 2.08 mln produced last year, the Ministry o...

European Union - Preferential EPA/EBA sugar imports - May 22, 2015

The European Union awarded 11,634 tonnes of import licences to countries pursuant the EPA/EBA agreements in the week to May 22, up from 9,663 a week e...

Brazil - Cogen capacity reaches 10,000 MW

Unica said that the installed capacity of cogeneration from sugarcane bagasse has reached the milestone of 10,000 MW, according to statistics of the N...

Malawi - Illovo sugar output falls 2.1% in 2014/15

Illovo Sugar (Malawi) Ltd, 76% owned by South Africa's Illovo Sugar, produced 282,962 tonnes of sugar in 2014/15, down slightly from 289,013 a year ea...

Vietnam - Sugar production seen down 12% in 2014/15

Cane crushing at 31 of Vietnam's 41 sugar mills has ended for the 2014/15 season with output of the sweetener falling 12% to 1.39 mln tonnes, white va...

India - Thanks to ethanol and cogen Shree Renuka sees turnaround

India’s largest sugar refiner Shree Renuka Sugars (SRS) reported a turnaround in its quarterly financial performance with a standalone net profit of I...

 

Zambia - Record sugar output achieved in 2014/15

Zambia Sugar, 82% owned by South Africa's Illovo Sugar, produced a record 424,024 tonnes of sugar in Zambia in 2014/15, up from 393,268 a year earlier as yields...

Guyana - Cuba to help revive Guyana's sugar industry

Cuba has pledged to help revive Guyana's sluggish sugar industry, Guyana's prime minister Moses Nagamootoo said after a meeting with Cuba's vice-president in Gu...

Australia - Mackay cane crop seen down 12%

Strains on Mackay's sugar industry continue as farmers prepare to harvest a cane crop that could be down 12% from last year, according to local press reports. M...

Fiji - New markets eyed for post-2017 era

Fiji will fully utilise its sugar quota to the US, increase sales to Korea, continue discussions with markets in the Middle East, Japan and China and possibly s...

Belarus - Sugar stocks down 14.8% as of May 1

The national stocks of sugar totalled 151,700 tonnes as of May 1, 14.8% less than a month earlier, the National Statistical Committee reported.

Russia - Rusagro's Q1 earnings boosted by weak rouble, import ban

Farming conglomerate Rusagro Group said its first-quarter net profit almost doubled year-on-year, boosted by higher prices and improved sales due to the weaker ...

European Union - Out-of-quota exports - May 1, 2015

The European Union granted export licences for 957.264 tonnes of out-of-quota isoglucose in the week to May 1, official data showed. This leaves 49,056.952 tonn...