Sugar Industry News

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Imperial Sugar Company (NASDAQ:IPSU - News) today reported a net loss of $6.5 million, or $0.54 per diluted share, for the second fiscal quarter ended March 31, 2012, compared to net income of $4.2 million, or $0.34 per diluted share, for the second fiscal quarter of 2011. The prior year's second quarter results include a $3.6 million pretax gain related to the contribution of the Gramercy, Louisiana refinery to Louisiana Sugar Refining, LLC.

PORT LOUIS (Reuters) - Two Mauritius sugar producers plan to merge in a move that would create the largest sugar milling company on the Indian Ocean island and help them better cope with tougher trading conditions since the European Union cut guaranteed prices.

LUSAKA (Reuters) - Zambia Sugar, a unit of South Africa's Illovo Sugar, expects its sugar output to increase by more than 7 percent to over 400,000 tonnes in the current 2012/2013 season from last year, it said on Monday.

NEW DELHI, MAY 13: Promoters of sugar companies are consolidating their holdings, taking advantage of the current low valuations in a cyclical industry.

LONDON (Reuters) - The Bonsucro scheme, which ensures that production of sugar and ethanol from sugarcane meet environmental, social and business standards, is set to grow sharply as the industry moves toward sustainable practices.

Directors of Dangote Sugar Refinery Plc (DSR) have reported a profit before tax (PBT) of N4.12 billion in the first quarter ended March 31, 2012.

ONE of British Sugar's East Anglian factories is breaking records for crystal production at the start of its centenary year and others are performing well.

FIXTURES and fittings from Spalding's British Sugar Social Club including snooker and pool tables go under the hammer at the club on Saturday, May 26. The club held two swansong events, a dance and a nostalgia day, but the club's general committee chairman Tony Harper said they were poorly attended

Farmers body CIFA has favoured decontrol of sugar sector, but demanded that cane farmers should get at least 70% of the total revenue earned by the millers from sale of sweetener and other by-products.

PUNE: The state, which produced 89 lakh tonne sugar in the current sugarcane season, is set to report a reduction of 15% in its production next year. The severe scarcity of water, being experienced from February, has discouraged sugarcane farmers, as January and February are the key months for sugarcane plantation.