Welcome to our latest Sugar News. Have a look at Nordzucker`s overview on company news and markets.
In this issue we report on the latest developments in the sugar market and we also continuosly report on Nordzucker’s further developments in beet growing and sustainability area.
Issue 2/2022 - 7 June 2022
Prepare what we can!
The effects of the war in Ukraine are putting a strain on global economic relations. Particular focus is being placed on the need to secure […]
Sugar prices have traded in a slight downward trend since reaching the highs in November. More rain in Brazil and better crop outlooks in India and Thailand than anticipated are the main reasons for raw sugar to trade back below USc18/lbs, down from USc20.60/lbs seen in November.
Nordzucker has successfully concluded the 2021/22 campaign
Overall, the campaign went well at all production sites. Some of the yields are well above average. Corona infection chains were largely prevented at the factories.
Mackay Sugar: Second best harvest in the last ten years
After a busy season, Mackay Sugar has completed the 2021 crush in Australia. More than 5.3 million tonnes of cane with an average CCS (Commercial Cane Sugar) of 13.7 per cent (comparable to sugar content minus yield loss for sugar beets) was processed.
Go Green - Nordzucker optimistic about self-imposed CO₂ targets
With its Go Green program, Nordzucker has committed itself to an extremely ambitious goal of getting sugar out of sugar beet without fossil fuels by 2050 at the latest.
Executive Board restructured - focus on sustainability, excellence and growth
Alexander Godow joint the board on 1st January, while Axel Aumueller will leave 28th February. As a result and from 1 March 2022, the structure of Nordzucker AG's Executive Board responsibilities will be restructured.
Sugar prices continued its uptrend during the 3rd quarter, along with most other commodities, to reach USc20.61/lbs early October – the highest price level since early 2017.