Sugar & Confectionery – LATEST NEWS
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Associated British Foods to demerge Primark by 2027 as half-year earnings fall on sugar weakness
ABF plans Primark demerger by 2027 while reporting lower earnings, with sugar business losses and weak US demand weighing on first-half performance.
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India’s sugar production rises 8% to 27.39M tonnes in 2025-26 season
India’s sugar output rises 8% to 27.39 million tonnes, driven by strong production in Maharashtra and Karnataka, alongside improved recovery rates and faster mill operations nationwide.
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Dangote Sugar secures shareholder approval for US$371.2M rights issue
Dangote Sugar gains shareholder backing for N500bn capital raise to fund expansion, boost local production, and support Nigeria’s sugar self-sufficiency agenda.
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Tongaat Hulett secures funding extension, halts liquidation proceedings until June 2026
Tongaat Hulett avoids immediate liquidation after securing additional funding, giving stakeholders time to negotiate a long-term rescue solution.
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Kenya unveils sugar industry bio-economy plan to boost ethanol production, green energy
Kenya targets ethanol, green energy and agro-industrial diversification in new sugar sector strategy aimed at boosting sustainability, exports and economic resilience.