UK: Primark cushions AB Foods as sugar earnings dissolve
DATE 25Apr 2019

Associated British Foods said almost zero first half profit from sugar represented the “low water mark” for the business, forecasting an improved performance as prices improve. As well as its sugar activities, the group owns the Primark fashion chain, food brands such as Ovaltine, Ryvita and Twinings, and major agriculture and ingredients businesses. It reported… Read More »

USA: France’s Tereos appoints new executives Amid Industry-Wide Sugar Slump
DATE 25Apr 2019

French sugar processing group Tereos has appointed a raft of new executives as part of a global reorganization to weather an industry-wide slump. Effective immediately, Alex Leite will be executive director of its sugar trading division Tereos Commodities Sugar, it said in a statement on Wednesday, while two new executives will be appointed under a… Read More »

India: Sugarcane farmers bitter over delay in crushing
DATE 25Apr 2019

Sugarcane growers in Ganjam district had to suffer huge losses due to delay in crushing of sugarcane at Aska Cooperative Sugar Industries Ltd (ACSIL). Despite all odds, sugarcane growers cultivate the crop on 8,000 acres in 16 blocks with a target to produce one lakh tonne of sugarcane. Union of Sugarcane Growers’ member Samir Pradhan… Read More »

USA: The US exported a record volume of ethanol in 2018
DATE 25Apr 2019

The United States exported 112,000 barrels per day (b/d) of fuel ethanol in 2018, surpassing the record high of 91,000 b/d set in 2017, according to the Energy Information Administration. At the same time, U.S. imports of fuel ethanol decreased about 30% in 2018 to less than 4,000 b/d, which resulted in the United States exporting more… Read More »

USA: Sugar – A battle between oil and the Brazilian real
DATE 25Apr 2019

The price of sugar has been trading in a range between 11.69 and 13.50 cents per pound since early November 2018 and was trading near the middle of the band on Tuesday, April 23. Sugar is a staple when it comes to many foods consumed around the world each day. However, the sweet commodity is… Read More »