Ethanol sale in France should continue to rise sharply this year after reaching a new record in 2019, mostly boosted by tax breaks and wider availability in petrol stations, according to the French ethanol producer group SNPAA, reported Reuters.
France – Tereos invests €17 million in upgrading Connantre plant’s beet-washing station [Registered]
Tereos is investing €17 million in a new beet-washing station at its largest plant. Scheduled to be operational by 2021, the unit will support processing of 28,000 tonnes of beet a day, compared to 24,000 currently. The current washing station was built in 1975.
Germany, UK and France report increased beet yields in 2019 [Full subscriber]
Germany’s sugar production is set to rise 1.6% on the year to 4.26 million tonnes in the 2019-20 (October-September) season according to the first crop estimate released on 10th September by the sugar industry association WVZ.
La Réunion and Guadeloupe cane sectors granted €38 million by France [Full subscriber]
The French government has renewed for one year the state aid to La Réunion and Guadeloupe’s sugarcane-sugar sector to the sum of €38 million to compensate for the end of sugar production quotas in Oct 2017, according to the recent announcement by the Ministries of Agriculture and Overseas.
France – Sudzucker to invest €50 million to upgrade its two remaining plants [Full subscriber]
The group Saint-Louis Sugar, announced in late June that its parent company Südzucker is to invest €50 million at its two sugar factories will continue to operate in France, according to local press reports.
Südzucker’s CEO flatly rejects buyout of two beet sugar factories that it is closing in France [Full subscriber]
The sugar giant Südzucker said on 23rd May it will not sell two of its sugar factories in France where it wants to end production, rejecting a buyout plan from French farmers.
France – Südzucker refuses to sell to beet growers the two sugar factories it is closing down [Full subscriber]
The majority shareholders of the Südzucker sugar group unequivocally declined to sell the two sugar factories it is planning to close down next year to France’s beet growers at a meeting on 15th May in Strasbourg.
France – Cristal Union to shut two beet sugar factories [Full subscriber]
The French sugar cooperative Cristal Union said on 18th April that it is to shut down two of its beet sugar factories amidst low global sugar price which has impacted its profitability.
France – Government requests Suedzucker to reconsider beet sugar factory closures [Full subscriber]
The French government asked Suedzucker on 13th March to review its plans to close two beet sugar factories and a packaging plant in France, as the publicly listed German sugar maker seeks to cut costs of its operations amidst reduced profitability amidst global glut and low sugar prices.
Suedzucker to close two beet sugar plants each in France and Germany [Full subscriber]
As part of a wider restructuring plan, the sugar giant Suedzucker is to close two beet sugar factories in France and two in Germany, reported Reuters.
Monthly Snapshot
Market overview On 18th December, March 20 raw sugar futures in New York traded at USc 13.43. Prospect of tighter supply appears to be key driver, with investor funds spilling over into net long 14,000 lots on 10th December. Tobin […]
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