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Author: Julie Iommi

Global sugar glut dampens optimism for crush season 2019

Australian sugar mills are completing their final checks and tests in readiness for the start of crushing and sugar manufacturing, which will run from June through to late November for most. The Australian Sugar Milling Council (ASMC) says the nation’s 24 sugar mills are expected to manufacture less than the 4.7 million tonnes of raw sugar produced in 2018. “Good news is a little hard to fin...
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Challenging outlook faces raw sugar manufacturers

The prolonged period of low world sugar prices, driven by subsidised production in overseas countries is taking a heavy toll on Australia’s raw sugar manufacturers. CEO of the Australian Sugar Milling Council (ASMC), David Pietsch said, “Efficient producers in trading nations like Australia are making a loss on every tonne of raw sugar sold and that is putting Queensland jobs at risk.” An in...
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