Archive for January, 2010
Groundbreaking Set for Large, New Sugar Refinery
Even as heavy machinery and workers are doing preliminary work, construction officially gets underway Wednesday, February 3, in Gramercy, Louisiana, on what will become one of the largest capacity sugar refineries in the United States.
Europe to Release Excess Sugar
BRUSSELS – The European Commission on Wednesday proposed the release of half a million extra tonnes of sugar for export — more than a third of its normal annual quota — because of “exceptional market conditions.”
Bright Food’s CSR Acquisition On Track
The $1.4 billion acquisition of Australia’s largest sugar refinery CRS Ltd. by China’s Bright Food is still on track, the Shanghai-based food maker has said.
Brussels to lift sugar exports amid shortfall
The European Commission plans to allow European farmers to export an additional 500,000 tonnes of sugar before the end of July to ease a worldwide supply shortage that has driven prices to their highest levels for almost 30 years, reports The Budapest Business Journal.
The Sweet Success of Stevia
A year after stevia was approved by the U.S. Food and Drug Administration, a range of stevia-sweetened products are on their way to market. Overall sales are growing as a result: Market research firm Mintel expects stevia sales to jump from $21 million in 2008 to upward of $2 billion by the end of 2011.
New Web Site Delivers News of LSR Refinery
A news and information Web site has gone online to provide a steady flow of updates on construction and other developments for the new million-ton-per-year sugar refinery at Gramercy, Louisiana.
Concern Among Sugar Beet Growers
A sugar beet grower near Powell, Montana, says a potential ban on planting or processing Roundup Ready sugar beets is a “critical” event that could cripple the U.S. sugar industry along with local economies.
How to Meet 100 Clients in Three Days
When Jim Evans of Imperial Sugar Company needs to meet with his 200-plus foodservice distributor customers, he has a choice to make.
Sugar Prices Up on World Demand
BusinessWorld Online in the Philippines reports – Increasing world demand for sugar has led to higher prices in Metro Manila (the Philippines) this week, according to data from the Department of Trade and Industry (DTI), and the government is set to release next week suggested retail prices to facilitate supply.
Concern in Sugar Beet Industry over Injunction
The Sidney, Montana, Herald reports – Area sugar beet growers received disturbing news this week when an injunction was filed in federal court to ban Roundup Ready crops from being planted or processed.
Patout, Amalgamated Consider New Refinery
M.A. Patout and Son, Ltd., a Louisiana sugarcane producer and raw sugar manufacturer, and The Amalgamated Sugar Company LLC, an Idaho sugarbeet processor, are pursuing the feasibility of building and operating a 400,000 tons per year cane sugar refinery in Patoutville, LA, reports Sugar Journal.
Opposition to Genetically Modified Sugar Beets
A federal court is being asked to ban genetically modified sugar beets from being planted or processed, effectively halting nearly half the nation’s sugar production until the crop’s safety is determined, reports the Billings Gazette.
Imperial Sugar Company Annual Report Online
Imperial Sugar strengthened its position in the U.S. and Mexican sugar industries during fiscal 2009, achieving important milestones that fortified our business foundations and positioned the Company for future growth.
Sugar Consumption – Looking Forward into 2010
Looking forward in 2010, there are several driving factors that can and will influence sugar consumption here in the U.S. and globally — the economy, the continued movement away from high fructose corn syrup back to all natural sugar, strong end users’ demand, the trend to natural foods, and the consumer demand for simpler ingredients.