Posted by Turgut Ziyal on Saturday, June 11, 2011,
In :
commodity
A turn-around in the global sugar market is forecasted following a three years of declining stocks, according to analysts.
During the 2011/12 cycle sugar production is expected to exceed consumption and the surplus could potentially create more of a buyers market for food manufacturers. The sharp rise in global production is expected as producers respond to high sugar prices. Meanwhile sugar consumption is expected to grow by 2% in the 2012 cycle following three years’ average annual grow... Continue reading ...
Posted by Turgut Ziyal on Tuesday, February 8, 2011,
In :
ingredients
The European Commission said it may open the import quota or allow the sale of out-of-quota sugar into the bloc - a move that would bring relief for bakers and other food makers set to negotiate new sugar contracts. The move to consider additional imports contradicts previous statements from the Commission, with it announcing plans in November to issue 350,000 tonnes of export licences for sugar, following on from the extra demand for exports it noted in autmun last year.
This statement by ... Continue reading ...
Posted by Turgut Ziyal on Tuesday, January 18, 2011,
In :
confectionery
The latest publication from GIA about Polyols reports that the substitution of sucrose with polyols has gained wide application to reduce the calorie content in food such as fat replacement. Asia-Pacific represents the fastest growing market with consumption projected to grow at a compounded annual rate of more than 3 per cent over the analysis period. Worldwide economic recession negatively impacted the polyols market during 2008 and 2009,with a decline in demand in the US and European foo... Continue reading ...
Posted by Turgut Ziyal on Tuesday, December 28, 2010,
In :
commodity
The Commission is failing to recognise the urgency of the sugar supply deficit in the EU in its deferral of a decision regarding the hike in the sugar export quota until January, claims the CIUS (Commission for Industrial Suger Users), which represents sugar using food and drink industries in the bloc. Secretary-General of CIUS, Muriel Korter, told that while the body welcomes the postponement, the deferral leaves the industry in limbo with confectionery and other food and drink markers conti... Continue reading ...
Posted by Turgut Ziyal on Wednesday, July 7, 2010,
In :
ingredients
Sugar prices see top level of the last four months mainly due to increasing demand while fluctuating supply. Recently the tonne price of crystal sugar ın LIFFE (London International Financial Futures and Options Exchange) have been listed as 574,70 USD. This is the highest price from March on. In January sugar prices had made a record of last 30 years with 750 USD. The sugar production for this year is expected to be the lowest of last 20 years according to ISO (International Sugar Organizat... Continue reading ...
Australian group CSR has agreed to sell its sugar unit Sucrogen for US$1.47bn to Singapore-based Wilmar International. The acquisition marks a year-long effort by CSR to sell the division to allow it to focus on its building products business. The sale is subject to Foreign Investment Review Board approval, Overseas Investment Office (NZ) approval and other customary sale conditions. The deal is expected to conclude before the last quarter of 2010.
source: just-food.com Continue reading ...
Posted by Turgut Ziyal on Monday, May 10, 2010,
In :
ingredients
ICE July raw sugar futures jumped by as much as 5 percent to 14.44 cents a lb early on Monday, supported by a weaker dollar after global policymakers carved out an emergency rescue package for debt-laden nations.
ICE July raw sugar stood at 14.43 cents a lb, up 0.68 cent or 4.95 percent in volume of 5,516 lots at 0831 GMT, in a sharp upward correction after touching a one-year low on Friday. Continue reading ...
Posted by Turgut Ziyal on Monday, May 3, 2010,
In :
ingredients
A spike in raw sugar prices which powered the market to a 29-year peak just three months ago has been scuppered for good, and some in the trade are wondering if the fall will be as fast as the rise. Sugar may have another 20 percent to fall this year even after more than halving since hitting a 29-year high just three months ago, if past super-spikes of the 1970s and 1980s are any guide.
The sugar market has changed dramatically in the past three decades with the advent of ethanol, the rise ... Continue reading ...
Posted by Turgut Ziyal on Monday, May 3, 2010,
In :
confectionery
Products such as confectionery, biscuits and juice products are experiencing double-digit growth in China and this consumer demand fuels an increase in the country’s sugar imports, according to a US Department of Agriculture (USDA) report. According to this report China's sugar imports, traditionally around the one million tonnes mark, are forecast to rise to 1. 5 million tonnes in 2010-11.
China’s economy has grown fast in the last few decades, and the food and drink sector has seen a b... Continue reading ...
Posted by Turgut Ziyal on Monday, April 19, 2010,
In :
ingredients
The world's top coffee producer Brasil is set to reap a large crop of mostly arabica beans which the government crop agency has estimated at upwards of 46 million 60-kg bags and which most industry players believe will reach or surpass 50 million. Mexico sugar cane growers said on Sunday that they expect the harvest for 2009/10 to come in slightly higher than previously thought.The association of sugar cane growers revised its expectation for the present harvest from 4.8 million tonnes to roug... Continue reading ...
Pure Circle and Imperial Sugar have made a joint venture to offer sugar and stevia combinations to food and beverages industries. PureCircle manufactures a natural, high intensity Reb A sweetener derived from the leaves of the stevia plant. It has been positioning the sweetener as a possible complement to sugar for some time, to take advantage of both products’ natural status, meaning that unlike many other sweeteners that could be used to reduce sugar, manufacturers could continue to use ... Continue reading ...
Tate & Lyle has reached an agreement to sell its minority stake in sugar refineries in Saudi Arabia and Egypt to Saudi-based sugar refiner Savola, the companies have said.
The divestment is the latest stage in Tate & Lyle’s sale of its sugar trading business, announced in July 2008 with the sale of its international sugar trading business to oilseed giant Bunge. Tate & Lyle said that the sale would reduce its exposure to volatile commodity prices and allow the company to concentrate on ... Continue reading ...
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About This Blog:
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In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document.
I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
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