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Low sugar prices hurt South Africa's Illovo Sugar, Tongaat

2015-05-26 08:45:51| Sugar Industry News

JOHANNESBURG (Reuters) - Illovo Sugar Ltd and Tongaat Hullett, Africa's two biggest producers of the sweetener, reported weaker full-year profits on Monday, blaming softer global prices and lower output, sending their shares sliding.

Tags: low south prices sugar

 

ADM scaling back global sugar trading - sources

2015-05-26 08:45:51| Sugar Industry News

LONDON, May 22 (Reuters) - U.S. agribusiness Archer Daniels Midland Co is scaling back its modest-sized sugar trading operations and the London-based head of that business has left after less than four years, trade sources said, a sign of the sugar market's deepening woes.

Tags: back global sources trading

 
 

Kenya plans to privatise sugar companies within 12 months

2015-05-26 08:45:51| Sugar Industry News

NAIROBI (Reuters) - Kenya has approved the sale of the government's stakes in five sugar companies and expects to sell 75 percent stakes in transactions that will be completed in the next nine to 12 months, the Privatization Commission said on Friday.

Tags: months companies plans sugar

 

Tesco to cut soft drinks sugar content

2015-05-26 08:45:51| Sugar Industry News

Campaign group Action on Sugar has welcomed Tesco's commitment to reduce added sugars by 5% per year in all their own-label soft drinks.

Tags: content cut soft sugar

 

Nigeria: Dangote Sugar Pays N4.8 Billion Dividend

2015-05-26 08:45:51| Sugar Industry News

Dangote Sugar Refinery has declared N4.8 billion dividend for the year ended December 31, 2014 to be paid to its shareholders. The dividend, which translates into 40 kobo per share, was approved by the shareholders at the 9th Annual General Meeting (AGM) in Lagos. In his address to shareholders, the Chairman of Dangote Sugar, Alhaji Aliko Dangote, said despite the challenging circumstance in 2014, Dangote Sugar posted a turnover of N95 billion.

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