Sugar prices on China's futures market fell sharply this week as
the government announced that it would auction 552,000 tons, mostly
from its reserve stocks, to stabilise prices.
The Chinese government expects more than 150 small sugar mills to
be faced with bankruptcy in the near future, according to a new
Cargill is to build a state-of-the-art cocoa processing facility in
Ghana, West Africa, to produce cocoa liquor, butter and powder.
Agrana, which claims to be the leading sugar and starch producer in
Central and Eastern Europe, plans to expand its activities towards
the Western Balkans.
Tate & Lyle's full year profit fell by 79 per cent to £ 42m due
largely to reform of the European sugar market.
ABF's offer to acquire 51 per cent of Illovo, Africa's largest
sugar producer, underlines how the new EU sugar regime has forced
European sugar producers to think truly globally.
Australian food and beverage makers face another year of tax on
sugar but some further tax deductions when buying machinery, shows
the new budget.
Agribusiness giant Archer Daniels Midland (ADM) is to build a new
US cocoa processing facility in a move designed to meet growing
demand for its cocoa ingredients.
Food giant Cargill has committed itself to improving cocoa growing
and production practices, including the eradication of child
A French chocolate industry body has recognised CIRAD for its
pioneering work within the cocoa commodity chain and its
groundbreaking research into cocoa.
China's production of starch-based sweeteners is expected to grow
by 20 per cent in the coming year, as high sugar prices make them
Construction of a million-tonne state-of-the-art sugar refinery in
Syria is set to begin next week.
A federal court has dismissed a lawsuit brought by McNeil
Nutritionals, the marketer of Splenda, against the Sugar
Association, accusing it of false advertising.
Food and beverage firms making premium products will cope best with
the current surge in price of both Chinese and imported sugar, with
higher margins to cover the rise in costs.
Greencore, the ingredients and food service group, said EU sugar
reform would force it to pull out of the sugar sector this year,
effectively spelling the end of sugar processing in Ireland.