Sugar Industry News

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Updated : Wed, 20 Apr 2016 13:26:13 +0200
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Tanzania: Sugar Firm Boosts Food Security in Moshi Ward

Moshi More than 650 households in Mabogini Ward now boast of food security and health services, thanks to programmes initiated by TPC Limited, one of the oldest sugar companies in the country.

Sweeter days ahead for the sugar industry: ICRA

ICRA estimates domestic sugar production at around 25.5 million metric tonnes (MT) during the sugar year[2] 2016 (SY2016), a decline of 10% over the previous year. This was mainly driven by a drought in the largest sugar producing State, Maharashtra, which impacted sugarcane availability. Lower sugar production along with exports of around 2 million MT, is likely to bring down the closing stocks to around 7.6 million MT in SY2016 from around 9.5 million MT in SY2015. - See more at: http://www.indiainfoline.com/article/news-top-story/sweeter-days-ahead-for-the-sugar-industry-icra-116042000230_1.html#sthash.KxTXqfh1.dpuf

Lazarus slammed over sugar tax support

QUEENSLAND Independent Senator Glenn Lazarus has been gang-tackled by Queensland LNP Senators for backing the introduction of a broad sugar tax in Australia, beyond just soft drinks.

Million dollar subsidy for sugar industry

Five thousand one hundred sugar cane growers from the Western Division will benefit from the Lautoka Cane Producers Associations 2016 Fairtrade premium plan.

Sugar industry contributes $9K to Stefanik in 1st quarter

The sugar industry contributed $9,000 to the campaign of U.S. Rep. Elise Stefanik, R-Willsboro, in the 1st quarter, bringing total sugar industry contributions to the campaign this election cycle to $11,000, according to a report the campaign filed Friday with the Federal Election Commission.

Samuda looks to CARICOM markets to help sugar industry

Agriculture Minister Karl Samuda says the ministry is looking to sell sugar to CARICOM countries, as the government prepares to rescue the island's sugar industry.

Heston Blumental - 'the sugar tax won't stop obesity'

Heston Blumenthal has called the sugar tax confusing and demonising and claimed it wont help curb the obesity crisis.

Sugar tax is no brainer says Leamington dentist

PLACING a sugar tax on sugary drinks is a no brainer says a Leamington dentist. Rob Morgan, of Space Healthcare on Clarendon Avenue, says the rise in tooth decay in children is alarming and must be tackled.

Sugar tax would set a dangerous precedent -- report

A sugar tax similar to the one recently introduced in the UK is unlikely to improve public health, claims a new report.

'First time, govt is acknowledging there is shortage of sugar'

Media reports are abuzz that the central government has asked Maharashtra government to impose a limit on water-guzzling sugarcane crop -- in order to help fight the state's crisis drought situation.

Talks bring sugar deal 'one step closer' but canegrowers still waiting to sign new cane supply contracts

Australia's largest sugar miller, Wilmar, has told cane grower representatives new supply agreements for the 2017 season will not come until the end of June.

I've heard all the arguments against a sugar tax. I'm still calling for one in Australia

Big Soda pushes the idea that obesity is just a matter of personal responsibility. Its not true and thats why we must follow the UK, Mexico, France and Hungary

Cosan Limited: Sweet As Sugar With Room To Grow

I want to go on record and say I am not a "chaser". I would rather err on the side of caution when a stock moves a good amount in a short period of time. In this case I am breaking out of my zone and going to fill your minds with a Brazilian company whose stock may have some legs still underneath it. Take a look.

CBN Invests N26bn in Sugar Production Companies CBN Gov

Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has disclosed that the apex bank has invested about N26 billion to build Sunti Golden Sugar factory in Sunti, Niger State. Mr. Emefiele speaking at the weekend during the facility tour of the new completed project noted that project of such magnitude was embarked upon in order to encourage import substitution and backward integration strategy.

AB Foods Sees Sugar Bottoming Out as Primark Doubts Emerge

For years, Associated British Foods Plc has relied on its Primark budget clothing chain for growth as its sugar business has struggled. Now the tables are turning.

Chinese-invested giant sugar mill starts operations in Cambodia

PREAH VIHEAR, Cambodia, April 19 (Xinhua) -- Chinese agro firm Rui Feng (Cambodia) International Company began operations at its 360-million-U.S.-dollar sugar production factory here on Tuesday after spending nearly two years for construction.

Ethiopia: Sugar Project in Welkayit Delays Compensation Plan

Thousands of residents have waited over one year for cash payments after losing lands in relocation

South Africa: Needy Students Benefit From Sweet Deal

Pretoria The Sugar Industry Trust Fund for Education (SITFE) has invested millions over the past 50 years into education by awarding bursaries to needy students.

Greece - Sugar beet producers suspend strike action until April 15

The vice president of the sugar beet producer union of Central Macedonia, Sakis Pippas, announced that their actions will be suspended until April 15, when a new board will be appointed at the Hellenic Sugar Industry (EBZ).

Nyongo, Midiwo in court over five sugar companies

Kisumu Senator Anyang Nyongo and Gem MP Jakoyo Midiwo have moved to court to challenge the privatisation of five public sector-owned sugar companies. The two argue that the sugar Industry is on the verge of collapse following the Privatisation Commissions decision as it is not properly constituted and is legally incapable of carrying out its mandate.

Tanzania: SBT on the Spot Over Woes in Sugar Industry

THE Parliamentary Public Investments Committee (PIC) has suggested the termination of Sugar Board of Tanzania (SBT) for failing to resolve and manage its responsibilities effectively.

Time to bury King Sugar

Jamaica's sugar industry is again claiming prominence for all the wrong reasons. This has been a recurring theme in the island's history since around 1509 when sugar cane was shipped from Haiti to Jamaica.

Greece - Beet growers continue occupation of EBZ facilities

The occupation of the Hellenic Sugar Industry (EBZ) factories and facilities at Platy in Imathia, Orestiada, Serres and Larissa continues for the fifth consecutive day, according to local press reports.

Gov't to temporarily take over Long Pond, Monymusk sugar factories

The Jamaican Government has now agreed to temporarily take over the operations of two of the country's sugar factories.

A British company, millers line up to buy struggling sugar firms

Sources revealed that there are several sugar companies from the East African region that have also expressed interest.

Sugar tax: Treasury, industry players to meet

Johannesburg - South Africa's beverage industry body will meet the Treasury next week to discuss the details of a proposed tax on sugar-sweetened drinks, a top official said on Wednesday.

Mexico Ready to Ship More Sugar to U.S. as Buyers Snub Beets

Mexicos sugar chamber says the domestic industry has enough of the sweetener made from cane to ship to the U.S., as more American buyers shift away from supplies made from beets.

EU Said to Meet Sugar Industry to Discuss Possible Supply Crunch

European Union officials met with representatives from the sugar industry to discuss a possible supply crunch as imports may fall short of the blocs forecast, according to two people who attended the meeting.

18 industries including 3 sugar industries failed to respond CPCB Notice in Odisha

Bhubaneswar: Eighteen highly polluting industries in Odisha got stren warning from the Central Pollution Control Board (CPCB) as they have not responded to notices issued by it for installation of round-the-clock effluent and emission monitoring systems.

Board sets maximum price for sugar, warns against hoarding

Dar es Salaam. The government directed yesterday that sugar be sold at a fixed retail price of Sh1,800 per kilogramme countrywide.

Tanzania: Sugar Board Denies 'Shortage'

Deceitful traders allegedly conspiring to create artificial sugar shortage in the country came under strong condemnation yesterday, with authorities describing them as economic saboteurs who deserve stern punitive measures.

Its not about the sugar, tobacco or booze

IT IS not about sugar, tobacco, homeopathy, fat, salt, additives, cosmetics, colorants, faith healing, traditional medicine, liquor, social cost, baby food, junk food, unhealthy living, obesity, excessive TV, sedentary behaviour, tyres, sin, or whatever else that causes the jowls of lifestyle fascists to dribble gleefully when new measures are announced. It is about dignity, equality, liberty and consumer rights.

Mumias, Nzoia sugar company in cane-harvesting pact

Mumias Sugar Company has announced that it will harvest and crush cane for Nzoia Sugar Company.

Sugar: Is it always bad for your health?

Not all sugar is created equal. While we tend to think of sugar as the white foodstuff we buy in bags and thats a major contributor to conditions such as obesity and diabetes, there are actually many types of sugar molecule with different properties and effects. Now scientists have found that one naturally-occurring kind of sugar called trehalose could actually help prevent a type of liver disease. Could it be that eating sugar may not be so bad for us after all if only we can find the right type?

THE RACE TO END SUGAR IMPORTATION

Similar to the backward integration programme that ended the importation of cement into the country, bulk importers of raw sugar were given a target to end the importation of this very essential commodity used by the food, beverages and pharmaceutical industries by 2020. In the first part of a series of in-depth investigations by THISDAY on the federal governments import substitution strategy aimed at reducing Nigerias over-reliance on imported goods, conserving foreign exchange and job creation, Crusoe Osagie, Hammed Shittu and Abiodun Ajala embarked on tours to Numan in Adamawa State and Lafiagi in Kwara State to assess the level of compliance with the Nigerian Sugar Master Plan by Dangote Group and Bua Group, two fierce competitors that have been at each others throats for market dominance in other sector where they operate. They also spoke to the Managing Director, Agro-Allied Division, Flour Mills of Nigeria Plc, Mr. Hugh Glyn Jones

Sugar board denies shortage

DECEITFUL traders allegedly conspiring to create artificial sugar shortage in the country came under strong condemnation yesterday, with authorities describing them as economic saboteurs who deserve stern punitive measures.

Double trouble: Increasing tea & sugar deficits

Both tea and sugar have long become a part and parcel of our culture: they are intrinsic to our daily consumption, and their cultivation internationalised our commerce under British rule that helped the colony become the crown jewel of the British Empire. Since independence, we have increasingly produced far more consumers than all the tea or sugar harvested, generating a growing deficit. Started by the East India Company, tea production began along the Karnaphuli River from 1843, eventually shifting fulcrum to Sylhet 14 years later; while sugar was multinationalized and combined with tea by England in the 17th Century.

EU Said to Meet Sugar Industry to Discuss Possible Supply Crunch

European Union officials met with representatives from the sugar industry to discuss a possible supply crunch as imports may fall short of the blocs forecast, according to two people who attended the meeting.

South Africa: MEC Cyril Xaba - Launch of Sugar Cane Project

Historically sugar has been the backbone of the KwaZulu-Natal economy. It is the biggest industry in the province.

Ethiopia: Boosting Sugar Industry

Recently, the Metal Engineering Corporation announced that it has commenced commissioning of Omo-Kuraz I Sugar Factory machinery to commence the trial production soon. The factory is one of the six factories planned to be built in Southern Nations, Nationalities and Peoples State. Upon going fully operational, the factory has the capacity to crash 12,000 tonnes of sugar-cane and produce 13,000 quintals of sugar per day.

Hellenic Sugar: Restructuring plan agreement subject to approval of Piraeus Bank

Specifies that restructuring plan agreement subject to approval of Piraeus Bank board

Tanzania: Sh10 Billion On the Books for Sugar Plant Expansion

Moshi TPC Limited, the oldest sugar plant in the country, will spend Sh10 billion as part of its expansion plan.

Tanzania: No Sugar Shortage, Board Says

Dar es Salaam Tanzania has enough sugar stock and the general public should report to relevant authorities in case they know of unscrupulous traders who hoard the commodity, authorities have said.

Australian sugar production, exports to jump next season

Australian sugar production will rise 6% next season, the Australian commodity bureau Abares said, boosting ideas for exports.

Poor will bear brunt of proposed sugar tax

According to the IOL, Finance Minister Pravin Gordhans plan of introducing a sugar tax on sugar-sweetened beverages is likely to hurt the poor the most.

Sugar industry attracts $3.2bn investment

The Executive Secretary of National Sugar Development Council (NSDC), Mr Latif Busari has disclosed that the sugar industry in the country has attracted 3.2 billion dollars investment commitment within a couple of years.

Mexico - Sugar industry enters peak production period

Mexico's sugar industry produced 266,000 tonnes of sugar in the week ended February 20, the highest level so far in the season. This marks the start of the peak production period which traditionally lasts through March and parts of April.

Sugar Industry To Generate 114m Jobs by 2023 NSDC

By Waheed Adekunle, Osogbo As efforts to diversify economy gathered significant momentum, National Sugar Development Council, NSDC, has assured that sugar production sector will create over 114 million jobs by 2023 if the government can invest in the sector. The Executive Secretary, NSDC, Dr. Latif Busari said this while speaking on where we are -three

Chilala commended for sugar plantation

NO NEWS is as delightful as hearing that one of us is thinking and acting big. How wonderful it was to hear about our own Mr Constain Chilala taking up the 11000 hectors in Lufwanyama and turning it into a sugarcane plantation with the hope of increasing competition in the sugar industry.

Award for official of KCP Sugars

KCP Sugar and Industries Corporation (KSIC, Vuyyuru) Chief Operating Officer G. Venkateswara Rao has been presented U.B. Raghavendra Rao Memorial Award, 2015 by Regional Agricultural Research Station (RARS), Anakapalli for his contributions to the development of sugar industry. Mr. Rao received the award from Acharya N.G. Ranga Agricultural University (ANGRAU) at the 58th Kisan Mela held at Anakapalli on Friday.

Sugar industry: Ministry discusses ways and means to create R&D fund

Ministry of Industries and Production (MoI&P) on Friday discussed ways and means to create a Research and Development (R&D) fund for the sugar industry. Sources in sugar industry told Business Recorder that the Economic Co-ordination Committee (ECC) of the Cabinet on December 7, 2015 approved a cash support for incidental and freight (subsidy) @Rs 13 per kg for export of sugar and directed that the MoI&P should propose an appropriate percentage of the subsidy amount to be committed for Research & Development (R&D).

South Africa's drought-hit sugar harvest to be smallest since 1995

South Africa is expected to harvest 1.63 million tonnes of sugar in the 2015/2016 season, the lowest since 1995 and down 22 percent on the previous period as a severe drought hits production, an industry body said on Wednesday. The worst drought in a century has hurt sugar and maize producing regions, piling pressure on sugar producers who are also grappling with cheap imports, forcing some mills to remain closed and reducing jobs in the sector.

Barbados - 2016 sugar crop to nosedive following drought conditions

The 2016 sugar harvest, which is set to start on March 7, is likely to be one of the lowest in many years. With production this year projected at 85,000 tonnes of cane and 7,000 tonnes of raw sugar, industry officials fear a further blow to this sector ...

Market gets a sugar hit

THE INTERNATIONAL sugar trade posted one of the most remarkable price rallies in any soft commodity in recent years this week, with the price in certain futures categories rising by an incredible 11 per cent.