Sugar & Confectionery
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Chemilil Sugar injects US$5.8M into farmers’ pockets after privatisation
Chemilil Sugar says private investment has accelerated factory modernisation, farmer payments and worker welfare, while production remains below the plant’s rated capacity.
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Tongaat Hulett faces US$32.3M sugar levy claim after court ruling
South Africa’s highest court has rejected Tongaat Hulett’s appeal over suspended sugar levies, leaving the financially distressed group facing a R517 million claim from Sasa.
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Hormel Foods cuts annual sales guidance
Hormel raises adjusted earnings forecasts despite weaker retail sales, declining international performance and continued pressure on the consumer environment.
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South Africa to raise sugar import reference price to US$785
The revised benchmark follows a sharp increase in sugar imports and mounting losses for South African growers and millers, according to industry figures.
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India sugar prices rise 15.6% as lower production, global supply tighten
India expects adequate sugar stocks until October despite a production shortfall, while rising festive demand and global prices add pressure to the domestic market.