Sugar & Confectionery – LATEST NEWS
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KIA Africa regains full ownership of Bacita sugar company
The resolution clears the way for Bacita’s planned modernisation, expanded sugarcane cultivation, outgrower schemes, and development of an integrated agro-industrial ecosystem.
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Egypt resumes sugar exports through 2026 as domestic producers face surplus
The decision follows prolonged export restrictions as local sugar factories struggle with rising inventories, cheaper imports and high domestic production costs.
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Chemilil Sugar injects US$5.8M into farmers’ pockets after privatisation
Chemilil Sugar says private investment has accelerated factory modernisation, farmer payments and worker welfare, while production remains below the plant’s rated capacity.
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Tongaat Hulett faces US$32.3M sugar levy claim after court ruling
South Africa’s highest court has rejected Tongaat Hulett’s appeal over suspended sugar levies, leaving the financially distressed group facing a R517 million claim from Sasa.
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Hormel Foods cuts annual sales guidance
Hormel raises adjusted earnings forecasts despite weaker retail sales, declining international performance and continued pressure on the consumer environment.