Cocoa loan- more than a few beans
The Ghana Cocoa Board (GCB) has secured a US$650 million loan to
purchase cocoa for the 2003/2004 cocoa season. The
facility,repayable within a year, was arranged by four leading
Sugar reform leaves sour taste
Imminent reforms to the EU sugar regime could slice millions off
the sugar profits for Associated British Foods (ABF), the owner of
British Sugar, and Danisco.
US sugar industry examined
US department of agriculture sugar-market economist John Love has
predicted that producer prices for sugar for 2002/03 will be 5 per
cent higher than last year's.
UK sugar harvest imminent
British Sugar and the NFU have agreed the provisional factory
opening dates for this year's sugar harvest. Newark factory will
open on 12 September with the remaining five factories opening on
New ruling affecting sugar exports
A new ruling brought in this spring is beginning to affect exports
of quota sugar from Europe, according to an ODJ report.
Mauritius sugar exports down
The Mauritius Sugar Syndicate has reported that sugar exports in
May 2003 were significantly lower than exports in May 2002.
Germany increases cocoa acquisitions
The German confectionery industry made significant cocoa and cocoa
butter purchases last week, according to Hamburg traders.
Sugar group posts profits
British sugar and sweetener group Tate & Lyle has reported an
18 per cent rise in annual profits.
Italy's sugar beet production in decline
ISMEA has estimated that Italy's 2003 sugar beet area will fall
nine per cent from 242,000 last year to 220,000 hectares this year.
Mexican sugar production picking up
Mexican sugar production has fallen slightly since last year,
according to figures released by the major cane workers' union.
Australian sugar conference underway
The 25th annual Australian society of sugar cane technologists'
conference is aiming to highlight the latest advancements in
research and development in the industry.
Producers rethink sugar use
Consumer demand for sweet but healthy products is forcing changes
in sugar and sweetener use in the food industry.
Danisco hits record sugar output
Danish food ingredients company Danisco has reported record output
of sugar for 2002, topping its EU quota by 25 per cent.
Sugar can improve weight control, new study
Replacing dietary fat with a higher intake of carbohydrates,
including sugar, can have a positive effect on weight control in
overweight individuals, according to a study sponsored by the
European Commission and EU sugar industries...
Sugar bail-out less than sweet
A federal government bail-out of the Australian sugar industry was
under threat on Tuesday after business and opposition groups, in
particular food manufacturers, objected to a three cent a kilogram
levy to fund the $120 million plan...