Tag: Sugar

US sugar supply to tighten in 2022 as wheat carryover falls to the lowest level since 2008

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USA – The US Department of Agriculture has lowered its for 2021-22 sugar ending stocks as lower imports and lower cane sugar production more than offset higher beginning stocks and higher beet sugar production.    In its recently released World Agricultural Supply and Demand Estimates report, USDA forecast ending stocks for 2021-22 at 1,627,000 tons, down 38,361 tons from September.  For 2020-21, which ended Sept. 30, the USDA lowered domestic cane sugar production by about 20,000 tons, raw value, as a late start to the sugar cane harvest in Louisiana pushed more…

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Low sugar output to nick South Africa’s sugar export in 2021/2022

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SOUTH AFRICA – Troubled South Africa sugar industry expects a 7% fall in raw sugar production to 2 million MT in the 2021/22 Marketing Year (MY), from 2.1 million MT in the 2020/21 MY. This is attributed to reduction in the quantity of cane delivered to the mills, limited crushing capacity due to the closure of two sugar mills, and a decline in mill efficiencies. According to a semi-annual report by USDA, production of sugar cane crop is forecasted to fall by 2 percent to 17.9 million MT in 2021/22,…

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Angola seeks to build agro-biofuels sector, SA sugar industry seeks to venture into energy production

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SOUTHERN AFRICA – The government of Angola has signed a Memorandum of Understanding (MoU) with Angola’s National Oil, Gas and Biofuel’s Agency (ANPG); Sonangol, the parastatal that oversees petroleum and natural gas production in the country; and Eni Angola, an energy company, to jointly develop the agro-biofuel sector in the country. Under the MoU, Eni, ANPG and Sonangol will develop a de-carbonization path for the country through a circular economy approach, assessing in particular the development of low-ILUC (indirect land‐use change) cultivations such as castor beans on degraded lands and…

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New study casts doubt on reliability of glycemic index as an indicator of blood sugar response

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USA — The glycemic Index, a value that aims to quantify how fast blood sugar rises after eating it, may not be a reliable indicator blood sugar response, according to a new study by scientists at the Jean Mayer USDA Human Nutrition Research Center on Aging.  The scientists conducted controlled, repeated tests involving 63 healthy adults and found out that blood sugar responses after consuming a fixed amount of white bread could range across all three glycemic index categories (low, medium, or high).  The team found that the average glycemic index value of white…

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Kilombero Sugar inks cane supply agreement with sugar cane growers in Tanzania following expansion plans

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TANZANIA – Kilombero Sugar Company Limited (KSCL), Tanzanian subsidiary of Illovo Sugar Africa, has signed a two-year contract with 20 Kilombero Sugarcane Cooperative Unions to manage production and supply of the commodity to the sugar processing company. The deal which was signed between KSCL’s Managing Director, Guy Williams and Chairman of Kilombero Sugarcane Cooperative Union (KSCU) Onesmo Mwakyambo gives the out-growers a reliable and lucrative market for their commodity. “This agreement is very important because it provides us with a guarantee of the sustainable supply of cane as a raw…

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Illovo Sugar undertakes top leadership changes at its subsidiaries in Zambia, Eswatini

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ZAMBIA – Zambia Sugar, subsidiary of pan-African sugarcane grower and sugar producer, Illovo Sugar Africa has appointed Oswald Magwenzi as its new Managing Director. Oswald joins the company from Ubombo Sugar Limited, Illovo Sugar’s operating unit in Eswatini, bringing a wealth of knowledge to this role including a track record of business performance excellence and value-proposition innovation. He has served as MD for Ubombo Sugar since 2013, but started his career in the sugar industry in 1998. Oswald has general management and operational experience as well as development finance experience…

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Uganda dismisses claims that Kenya slashed its sugar export quota

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UGANDA – The government of Uganda has refuted claims that Kenya has cut the country’s sugar export quota by 79%. Recent reports indicated that Kenya had revised the allocated sugar imports quota for Uganda by cutting the allowable quantities of the commodity into the country to import 18,923 tonnes of sugar down from 90,000 tonnes. With the changes it was deemed that countries from the Southern Africa will account for the largest share of imports under the regional market window with eSwatini lead the pack with 68,959 tonnes followed by…

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Kenya slashes sugar imports from Uganda by 79% giving preference to Southern African countries

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KENYA – Kenya has revised the allocated sugar imports quota for Uganda by cutting the allowable quantities of the commodity into the country by 79 percent. The Sugar Directorate, according to reports by Business Daily, has highlighted that traders will only be allowed to import 18,923 tonnes of sugar from Uganda down from 90,000 tonnes that Kenya had earlier said would be shipped in from its landlocked neighbour. Both countries had agreed in April that Uganda will export 90,000 tonnes of the commodity to Kenya as soon as the verification…

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High volumes sales sweeten Dangote Sugar Refinery’s half year revenue rising by 27.8%

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NIGERIA – One of Nigeria’s leading sugar processors, Dangote Sugar Refinery, has recorded a double-digit growth in its half-year revenue for the period ended June 2021 to N131.95 billion (US$320m) in contrast to N103.23 billion (US$250m) recorded at the same period in the preceding year. The 27.8% jump in top-line performance is attributed to increase in group sales volume to 388,589 tonnes while production volume also increased by 7.6 per cent to 403,846 tonnes driven by operations optimization drive. The Nigeria Stock Exchange Listed company generates its revenue through the…

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Dangote, BUA, FMN prioritized sugar importers in Nigeria following massive investments in industry

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NIGERIA – The Central Bank of Nigeria (CBN) has restricted importation of sugar into the country to be only undertaken by the three major industry players i.e., Dangote Sugar Refinery Plc, Golden Sugar Company owned by Flour Mills of Nigeria Plc, and BUA Sugar Refinery Limited. The Apex bank in a circular titled: “Sugar Importation in Nigeria,” signed by the Director, Trade and Exchange Department, CBN, Dr. Ozoemena Nnaji, hinged its reason for selecting the aforementioned sugar manufacturers on the fact that they had made reasonable progress in achieving backward…

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