SUGAR PRODUCTION NEWS ON FASTMOVING

Johannesburg - Shares of South Africa's RCL Foods fell 1.6 percent on Friday, a day after the company said it would issue $394 million in stock to acquire two sugar businesses from its top shareholder Remgro Ltd. read more

Shares of Illovo Sugar fall more than 2 percent after the South African company says tough market conditions are likely to negatively impact its full-year earnings. read more

VENTURES AFRICA – Sugar prices continue to slide in Tongaat Hulett’s (Tongaat) regional markets, CEO Peter Staude, admitted on Wednesday, adding the global prices have been their lowest in several years. read more

The Kenya Sugar Board has developed a five-year strategic plan that advices the industry to rethink its direction as it approaches the liberalisation of the sugar trade regime expected next year.  read more

Johannesburg - Tongaat Hulett [JSE:TON] reported a 15% rise in full-year earnings on Friday as sugar production rose and said it expected further growth in the year ahead.  read more

Johannesburg - Illovo Sugar Ltd., Africa’s largest sugar producer, rose to a record as investors anticipate a recovery in output after a drought. read more

Nsoko Msele sugar mill project to rejuvenate Swaziland’s vital export crop A fourth sugar mill announced for Swaziland, the Nsoko Msele integrated sugar milling project, would significantly increase production of refined sugar, the country’s main source of export revenue, the project’s shareholders said this week. read more

More than 10 trucks carrying Zambian sugar destined for exports to Kenyan customers are marooned at the Tanzania-Kenya border after being denied entry by the Kenyan authorities. read more

Tongaat Hulett’s Zimbabwean units were in talks with the government in Harare about selling majority stakes to black investors, Wilson Gwatiringa, the head of Zimbabwe’s National Indigenisation and Empowerment Board, said yesterday.  read more

Harare - Tongaat sugar projects have remained a boon for Zimbabwean local farmers, despite the threat of indigenisation by the empowerment ministry.  read more

Tongaat Hulett’s first-half profit rose as production increased and costs declined, the company said yesterday. Net income increased 30 percent to R655 million in the six months to September from a year earlier. read more

Tongaat Hulett's investment in machinery, equipment and crop plants over the past two years has seen the company financially outperform rival Illovo Sugar for the year ended March. read more

Johannesburg - South African group Illovo Sugar [JSE:ILV] has pulled out of a R2.6bn sugar project in Mali, largely due to political risk and also funding difficulties, and will focus on growth opportunities elsewhere in Africa. read more

Tongaat Hulett grew total profit from its combined operations by 53 percent to exceed R2 billion for the first time, the sugar producer said yesterday in reporting its audited results for the year to March. read more

Traders are betting that the biggest sugar glut since 2007 will shrink in the next harvest, reversing expectations from six months ago and ending the largest decline in prices in a decade. read more

Tongaat Hulett CEO Peter Staude said SA could reclaim its number one spot as soon as it closed the gap between the hectares under cane and the hectares milled read more

The industry needs to diversify into power generation, ethanol production to survive, writes Neels Blom read more