Sustainability in sugar has been side lined by the health debate, but the confectionery industry is a heavy user and must now decide whether it will support cane growers in the developing world, says Bonsucro.
The liberalisation of the EU sugar market next year must be accompanied by market measures to maintain sugar beet production and allow the sector to retain its strategic importance, according to a recent EU report.
Global sugar prices have rocketed 30% since mid-April as the balance between supply and demand tightens. In Europe prices have remained steady but could soon increase, according to Rabobank’s latest sugar quarterly.
The recent finalization of the Trans Pacific Partnership is good news for confectioners and sugar-using manufacturers across the US, according to Rick Pasco, president of Sweetener Users Association (SUA).
Divine Chocolate says multinationals are escaping fuller Fairtrade commitments under the certification body’s new rules. But Fairtrade says its sourcing program is the only way to reach cocoa farmers at scale.
Sugar prices in the US have fallen more than 40% since last summer and are now at “dangerously low levels for producers who are facing ever-increasing input costs”, according to Jack Roney, an economist with the American Sugar Alliance (ASA).
Sugar stocks should rise significantly from their current low levels, with analysts forecasting a global sugar surplus of around 9.5m tonnes in the 2011/12 (October-September) crop year, on the back of increased production in Europe and Asia.
A federal judge ruled on Friday that genetically modified (GM) sugar beets should not be planted or processed until the US Department of Agriculture has carried out a thorough assessment of their impact on other crops.
A judge has denied an immediate ban on the planting of Monsanto’s genetically modified (GM) sugar beets as it “would have a large detrimental effect on the United States’ domestic sugar supply and price.”
Danisco has announced that it will sell its sugar division to
Nordzucker for DKK5600m, around €751m, bringing to an end months of
speculation as to whether it would agree to a sale or opt to spin
off sugar into a separate business.
French sugar giant Tereos is entering into agreements with La
Societe des Sucreries du Marquenterre to counter the effects of
sugar reform on its operations, including taking over the latter's
sugar plant in Marconelle.
The US Department of Agriculture (USDA) has announced it will allow
extra sugar imports into the country in an effort to prevent market
shortages after hurricane damage to sugarcane crops, delayed sugar
beet harvests, disruptions...
Tate & Lyle has vowed to continue to pursue its ambitious
expansion plans despite warnings that proposed changes to the sugar
regime could begin to affect business as soon as 2007, writes
Imperial Sugar yesterday (Thursday) announced a higher
first-quarter profit, but predicted that operating income would
fall significantly in 2005 as the sugar industry remains
challenging, reports Philippa Nuttall.
Food and ingredients producer Greencore has warned early that its
Irish sugar business could be seriously damaged when the EU finally
implements its sugar reform, expected next December, writes
Top ingredients supplier Danisco will phase out its activities in
oil and protein crops in order to focus on sugar beet seed, said
the Danish firm this week, in a move reflecting changes to the
European sugar regime in 2006 that will...
US biotech crop pioneer Monsanto is to suspend the introduction of
the world's first biotech wheat, amidst public outcry at the
possible risks of genetically modified crops and at Monsanto's
aggressive marketing tactics,...
Cargill Sweeteners North America forms marketing alliance with
sugar beet cooperative to sell and distribute its sugar products to
food and beverage manufacturers. Both companies hope the agreement
will lead to the development of...