Sugar & Confectionery
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Gledhow Sugar Company enters business rescue as sugarcane farmers and workers face uncertain future
SOUTH AFRICA – Gledhow Sugar Company (GSC) has entered a voluntary business rescue proceeding, becoming the latest blow to the financially troubled South African sugar…
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Industry stakeholders contest bill seeking to ban use of popular additives in confectionery
US – A California bill that could outlaw products containing certain additives is drawing retaliation from industry stakeholders who have argued that the additives in…
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Sugar imports to Kenya rose 22% in February, India and Madagascar account for 80%
KENYA – In February alone, Kenya imported 22% more sugar, averaging 28,609 MT compared to 22,722 MT in January 2023, to supplement its local production,…
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Nestlé appoints Mark Davies as new Managing Director of Nestlé Confectionery UK & Ireland
UK – Nestlé has appointed Mark Davies as managing director for Nestlé Confectionery in the UK and Ireland, succeeding Richard Watson, who was named chief…
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Madar Holding creates sugar trading unit in Algeria
ALGERIA – Madar Holding, an investment, industrial, and commercial group, has injected capital of 10 billion dinars (US$73.5 million) into its newly formed subsidiary specializing…