Sugar Beet

© GettyImages/stevanovicigor

News in brief

GM sugar beet given all-clear for EU renewal

By Niamh Michail

European Food Safety Authority (EFSA) scientists have cleared a genetically modified sugar beet developed by Monsanto and KWS for reauthorisation in the EU.

'All in all, the coming period will see plenty of uncertainty for stakeholders,' said Rabobank. ©iStock

EU sugar prices could rise as supply and demand tightens

By David Burrows

Global sugar prices have rocketed 30% since mid-April as the balance between supply and demand tightens. In Europe prices have remained steady but could soon increase, according to Rabobank’s latest sugar quarterly.

© iStock / Paul Grecaud

Tereos sets minimum price for sugar beet growers

By Niamh Michail

French sugar giant Tereos has announced a guaranteed minimum price of €25 per ton for its beet growers in 2017 and 2018 in preparation for the end of the EU sugar quotas next year.

Allied Bakeries' revenues and profit will both be up on last year, predicted ABF

Grocery and Primark offset poor sugar prices for ABF

By Michael Stones

Strong profit performances by Associated British Foods’s (ABF’s) grocery and ingredients divisions and Primark will help to offset lower sugar prices and currency factors, predicted the food giant in a trading update today (September 8).

Egyptian sugar facility bags $357m investment

Egyptian sugar facility bags $357m investment

By Eliot Beer

Egypt's Al Nouran Sugar has secured US$357m in financing for a new sugar facility which will create 3,000 new jobs and produce 588,000 tonnes of sugar a year when operational.

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