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...

India's largest sugar producer Bajaj Hindustan Sugar reported a widening of its standalone net loss to INR5.386 bln ($1=INR63.76) during the three mon...

Fiji - Auditor says FSC remains dependent on government support

The Fiji Sugar Corporation had revenue of FJD223.971 mln ($1=FJD2.05) in the year ended May 31, 2014, up from FJD198.986 mln a year earlier, according...

United Kingdom - Tate & Lyle forecasts flat profits as sweetener market sours

Tate & Lyle disappointed the market once again on May 28 when it issued its results for 2014/15 as it warned that there would be no profit growth over...

United Kingdom - Further price cuts may drive farmers out of beet

There could be further exits from beet production in the coming year if more cuts to British Sugar’s contract price emerge, according to local press r...

Russia - Storm damage seen slightly lower than first thought

Farmers in Russia had sown 994,400 ha to sugar beet as of May 26, or 99.2% of the projected 1.002 mln ha, the Russian Sugar Producers Union (Soyuzross...

Mexico - Campaign Report - May 23, 2015

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...

 

India - Balrampur Chini to invest INR2 bln in ethanol capacity

The second largest cane processor in India, Balrampur Chini Mills, is planning to invest INR2 bln ($1=INR63.92) in its three ethanol units in Balrampur, Babhnan...

Kenya - Stakeholder consultation on mill privatisation to start within six weeks

The Privatisation Commission is within six weeks expected to start consultations with all stakeholders regarding the privatisation of five state-owned sugar com...

India - AgMin raises 2014/15 cane crop to 356.56 mln t

The Ministry of Agriculture said in its third advance estimate of production of major crops in 2014/15 issued on May 13 that sugarcane production was likely to ...

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 earlier but...

Philippines - Raw sugar remains exempt from VAT in settlement of tax dispute

The dispute concerning the tax treatment of sugar has been settled, with the Bureau of Internal Revenue (BIR) adopting an exemption regime that the sugar indust...

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.

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...