Sugar & Confectionery – LATEST NEWS
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Kenya forms multi-stakeholder committee to revive Kwale sugar factory
The government plans to settle farmer debts and address land disputes as part of efforts to revive the long-idled sugar mill.
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Hershey reports 6.6% rise in Q2 sales as Reese’s and Dot’s Pretzels drive growth
Hershey’s profits soar in Q2 on higher prices and strong Reese’s demand, prompting raised fiscal 2026 earnings guidance despite cautious consumer spending.
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Kenya bans sugar imports by local millers as domestic production surges
Kenya bars local millers from importing sugar as domestic output doubles, with officials urging timely farmer payments and modernized cane production.
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Kenya sugar production surges 22% in first five months of 2026
Higher cane deliveries and government reforms are driving Kenya’s sugar industry recovery, strengthening plans to achieve self-sufficiency and expand sugar exports.
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Raízen sells Caarapó Sugar and Ethanol Mill to Adecoagro for US$149.3M
Raízen has agreed to sell its Caarapó sugar and ethanol mill to Adecoagro, advancing its asset divestment strategy to reduce debt and simplify operations.