Archived Articles

January 14, 2015 Agrimoney

Shares in Suedzucker tumbled after it warned that a slump in sugar earnings was, besides threatening its ability to meet profits targets for this financial year, to "weigh heavily" on next year's performance too.

Suedzucker, Europe's largest sugar producer, said that while it was sticking by its guidance for sales of E7.0bn for the year to the end of February, a drop of 7…

January 14, 2015 Philippine Daily Inquirer By Gil Cabacungan

Businessman Manuel V. Pangilinan —who has been building up equity position in listed sugar firms Roxas Holdings and Victorias Milling Corp.—inspected some sugar farm sites over the weekend in search of more investment opportunities in the farm sector.

A team led by MVP himself checked out more than 15 hectares of agricultural land…

January 13, 2015 Sun Star Zamboanga By Bong Garcia

THE Bureau of Customs (BOC) has begun investigating the "disappearance" of more than 800 sacks or 42.2 tons of confiscated smuggled sugar in the custody of the BOC-Zamboanga District Office.

Zamboanga City Mayor Ma. Isabelle Climaco-Salazar requested the investigation after she discovered that 844 of the 1,170 sacks of the seized sugar are missing…

January 13, 2015 The Economic Times

MUMBAI: Shares of sugar companies gained momentum in a weak market following reports that the Cabinet may increase raw sugar subsidy to about Rs 4,000 per tonne. 

The hike is subsidy is being worked out to lower large stockpiles after fifth straight year of bumper crop. The local prices have been affected due to surplus and its hurting finances of sugar…

Sugar miller Victorias Milling Corp. is setting up a P500-million subsidiary that will set in motion plans to undertake power-related projects.

In a disclosure to the Philippine Stock Exchange Monday, VMC said its board of directors approved a plan to set up the wholly owned subsidiary.

A few years ago, VMC amended its bylaws to make room for diversification into allied businesses to strengthen…