World market. Sugar prices remained under pressure in April, falling to a low of just above 15cents/lb.
EFSA to advise on added sugar intake. The European Food Safety Authority (EFSA) said that, by early 2020, it will provide scientific advice on daily intake of added sugar in food.
EU sugar production in 2016/17. The EU sugar production in 2016/17 amounted to 16.841 mn t, i.e. 1.906 mn t (or 12.7 %) more than in the previous year. The European Commission has witdrawn its plans to reclassify out-of-quota...
Astarta produced 505,000 t of sugar. The Ukrainian company reported consolidated revenues of €369mn in 2016, a 17% rise from the €314mn of the year before. Operating profit grew by almost 15.2%, to €124.43mn.
Mackay Sugar to sell Mossman mill. Australia’s second largest sugar miller, Mackay Sugar, will sell one of its recently purchased mills.
American Crystal Sugar (ACS) to sell corn starch plant. Cargill has obtained an option to purchase ACSC’s 50% interest in ProGold LLC, a corn starch and HFCS factory in Wahpeton (North Dakota).
Recovery of sugar prices drives ABF profits higher. Associated British Foods (ABF) reported a 35% rise in pre-tax profits, to GBP624mn (€747mn) for the six months ended 4 March 2017