Sugar

Notes From Africa: Health Promotion Levy Leaves A Bitter Taste For Sugar Sector

In South Africa, the Revenue Service (SARS) has been collecting a tax on domestic and imported sugar-sweetened beverages since 2018.

Sugar Market Heading To Second Year Of Supply Surplus: Analyst

The global sugar market is expected to have a second year of small supply surplus in 2022/23 as high benchmark prices and good weather boost crop prospects...

France's Cristal Union Produced 1.5m Tonnes Sugar In 2021/22

France's Cristal Union produced 1.5 million tonnes of sugar and 3.6 million hectolitres of alcohol and ethanol during the 2021/22 campaign, from a total of...

Sugar Group Cristal Union Secures €1bn Refinancing

France's second largest sugar and ethanol maker Cristal Union has announced a €1.0 billion refinancing agreement, which it said will give it some fina...

Associated British Foods Says Omicron Dented Primark Shopper Numbers

Associated British Foods has said that sales at its Primark fashion business over the 16 weeks to January 8 were up 36% versus last year on a constant curr...

Moody's Changes Outlook On Südzucker Baa3 Rating

Moody's Investors Service has changed its outlook on Südzucker's Baa3 rating to stable from negative, citing improvements in the group's underlying pr...

Tereos To Exit Malt Business, Eyes Romanian Sugar Unit Closure

Tereos has sealed an agreement with grain cooperative Axereal to sell its stake in their malt business and is consulting unions on a plan to close its suga...

Südzucker Reports 'Significant' Improvement In Performance In Nine-Month Period

Sugar producer Südzucker AG has reported what it described as a 'significant improvement' in performance in the first nine months of its financial yea...