World sugar market: Light at the end of the tunnel? By October 16, the front-month raw sugar price had risen to 13.25cents/lb, and white sugar prices to US$366.50/t.
Tereos: mediation failed. Former agriculture minister Henri Nallet admitted failure in the mediation between Tereos and three former members that had been excluded by the Supervisory Board from the cooperative in June 2018.
Sugarcane genome sequenced. Sugarcane was the latest major cultivated plant to have its genome sequenced. The scientific achievement will now make it possible to “modernize” the methods used to breed sugarcane varieties.
Sugar reduction initiative. The New York Health Department has launched National Salt and Sugar Reduction Initiative (NSSRI) a national effort to reduce sugar in packaged foods by 20% by 2025.
Income up for Cosumar in 2017. The Moroccan sugar maker’s consolidate revenues reached MAD8.33bn (€763mn), marking a 5.9% increase on the 2016 result (MAD7.87bn or €721mn). In 2017, gross operating profit was MAD1.88bn (€172mn).
EU sugar production 2018/19. The EU sugar production in 2018/19 is foreseen by the EU Commission to be down by 9.3% or 1.96 mn t to 19.18 mn t after 21.14 mn t in 2017/18.
Südzucker trims full-year result forecast. Südzucker reported group revenues of €3.475bn during the first half of FY2018/19 (March 1 to February 28), down 0.5% from €3.493bn in 1H-2017/18. In the same period, the group’s...