Sugar
AGROPROCESSING
Illovo posts ‘disappointing’ FY results
Sugar producer Illovo Sugar posted “disappointing” financial year-end results, as weather conditions and currency movements depressed the group’s financial performance, but cane production levels soared to a new record, the JSE-listed...
30 May 11
TRADING UPDATE
Tongaat Hulett expects lower FY headline earnings
JSE-listed agriprocessing company Tongaat Hulett expects to report headline earnings of R806-million for the year ended March 31, when it publishes its results on May 30, the company said on Monday.
This compares with headline earnings of...
By: Mariaan Webb
16 May 11
BIOFUELS
New quality standard important step to establishing a local biofuels industry – SABS
The publication of new South African National Standard SANS 833, entitled ‘Biodiesel production – Quality management – Producer requirements’, is an important step towards creating a local biodiesel industry.
Alternative fuels
SA’s jobs push is putting biofuels back on the radar
Despite rising food prices and the ongoing food-versus-fuel debate, biofuels are back on the South African agenda - revived by their inclusion in an emerging economic policy framework and their perceived potential for rural job creation.
By: Eleanor Seggie
25 Mar 11
Sugar
Global food prices continue to rise
The Organisation for Economic Cooperation and Development (OECD) reports that prices for all categories of food are expected to be significantly higher in the period between 2010 and 2019, compared with those between 1997 and 2006.
FOOD PRICES
The impact of higher food prices on South Africa’s inflation remains highly uncertain
The food price index rose to 215 points in December 2010, statistics released by the Food and Agriculture Organisation (FAO) of the United Nations show, with food commodity prices indices havaing risen for sugar to 398 points, for oils and fats to...
By: Eleanor Seggie
28 Jan 11
BIOENERGY
Developer initiates study into $330m Moz bioenergy project
A newly established Mozambican agroindustrial company has issued a request for expressions of interest (EoI) from consulting engineering companies to carry out a study into a possible $330-million bioenergy and food project in the Southern African...
By: Terence Creamer
22 Nov 10
AGROPROCESSING
Illovo says drought and strong rand impacting on output and earnings
JSE-listed sugar producer Illovo expects its sugar output for the 2011 financial year to be similar to the 1,7-million tons of sugar produced in the year ended March 31, 2010, but warned that its earnings would be lower, owing to foreign exchange...
By: Chanel de Bruyn
18 Nov 10
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