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Tag: sugar
Kenya's struggling Mumias Sugar names new CEO
2015-07-13 09:40:18| Sugar Industry News
NAIROBI (Reuters) - Kenya's cash-strapped Mumias Sugar has named a new chief executive officer after receiving a 1 billion shilling ($9.93 million) bailout from the Kenyan government, the company said on Thursday.
Tags: names
ceo
sugar
struggling
The sugar failure
2015-07-01 06:35:24| Sugar Industry News
It isn exactly news that the price of sugar has gone up. Despite the Ramadan bazaars and the governments lukewarm efforts to appease the masses, many are worried about the recent price hike of Rs5 to Rs63 per kg (Punjab). But neither the millers nor the retailers are to blame; the heart of the problem lies - as is often the case - inadequate and inefficient government policies.
The sugar industry needs private-sector led diversification
2015-07-01 06:35:24| Sugar Industry News
With a debt overhang of over $90B and a cost of production more than double the world market price of sugar, there is absolutely no future viability for sugar production in its current form in Guyana. Any cost-saving initiative is limited as its direct labour cost exceeds the world market price of sugar.
Tags: industry
led
sugar
diversification
Wilmar International seen sole buyer of ICE raw sugar contract -traders
2015-07-01 06:35:24| Sugar Industry News
Wilmar International Ltd has bought about 460,900 tonnes of raw sugar against the July contract on ICE Futures U.S. that expired on Tuesday, U.S. traders said.
Tags: international
contract
ice
raw
Bungoma County seeks lead role in Nzoia Sugar revival
2015-07-01 06:35:24| Sugar Industry News
The Bungoma County government is requesting the national government to allow the spearheading of the revival of Nzoia Sugar Company to be done at the county level.
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