International Sugar Journal

Ukraine – Low global sugar price forces ED&F Man to shut its beet sugar factory [Full subscriber]

ED&F Man’s beet sugar factory Zaselsky will not be operational for the next two years as the drop in global sugar price has made it uncompetitive, according to local press reports.

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Ukraine – Sugar output reaches nearly 2 million tonnes [Registered]

As of December 27, 2017, sugar output in Ukraine was 1.96 million tons, according to the National Association of Sugar Producers Ukrtsukor. This is similar to previous year’s output.

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Ukraine – Astarta secures US$25 mln loan from EBRD for its sugar and grain business [Registered]

The Ukraine-based agri-industrial Astarta Group has secured a US$25 million loan from the European Bank for Reconstruction and Development (EBRD) to finance development of its grain and sugar infrastructure.

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Ukraine – Pfeifer & Langen acquires six beet sugar factories [Registered]

Germany’s Pfeifer & Langen has completed the acquisition of six sugar factories previously owned by bankrupt T-Zukor, according to Interfax-Ukraine.

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UK – Former Foreign Secretary lobbied to change rules governing sugar regimes in Ukraine and EU [Registered]

Mr Straw flew to Kiev to lobby Mykola Azarov, the then prime minister, to reinstate tolling. He had pointed out to the Prime Minister that “there was no evidence” for the allegations sugar was smuggled on the pretext of refining. He stressed that the repeal of the law to prevent the beet sugar factory from tolling altogether was imperative as the factory was “completely uneconomic” to run under the circumstances.

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