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.
France – Rising gasoline prices boosts demand for fuel ethanol [Full subscriber]
Public anger in France over increasing fuel prices, which gave rise to the anti-government “yellow vest” movement, has further boosted demand for crop-based ethanol fuel from motorists seeking cheaper deals, according to industry representatives, reported Reuter.
France – Cristal Union to expand production of organic beet sugar [Full subscriber]
Following tests with a small group of farmers in 2017 and 2018, the French sugar co-operative Cristal Union is considering increasing the production of organic beet sugar, according to the press release on its website.
Monthly Snapshot
Market overview While the sugar market continues to hobble from glut and low prices, the industry is also distracted by major sugar exporters Brazil, Australia and Guatemala launching formal complaint […]
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