March NY world sugar #11 (SBH26) on Tuesday closed down -0.23 (-1.60%), and March London ICE white sugar #5 (SWH26) closed down -7.30 (-1.80%). Sugar prices retreated on Tuesday, with London sugar falling to a 5-year nearest-futures low.  Sugar prices have been in a gradual decline over the past three months, with NY sugar falling to a 3-month low last Friday and London sugar slumping to a 5-year nearest-futures low Tuesday, amid continued concerns about global sugar surpluses.  Last Friday, Unica reporte ...

By Luciana Magalhaes and Oliver Griffin SAO PAULO, Feb 9 (Reuters) - Brazil's Raizen, the beleaguered sugar and ethanol producer, has appointed law firms Pinheiro Neto and ​Cleary Gottlieb as advisors to strengthen its liquidity as it tries to turn ‌its fortunes around, three people familiar with the matter said on Monday. Raizen, a joint venture between Brazilian conglomerate ‌Cosan and London-listed oil company Shell, has posted a series of heavy quarterly losses and racked up high levels of net debt ...

Advisory “say on pay” resolution : a non-binding vote to accept the approach to executive compensation as disclosed in the company’s 2025 circular.Appointment of two nominees to the board of Lantic : Dallas Ross and Daniel Lafrance (as the corporation’s nominees as holder of all common shares of Lantic).Shareholders then voted on a series of motions, with management later confirming that all were carried. Items included:During the formal portion, shareholders received the company’s audited consolidated fina ...

Core Viewpoint - Davis Commodities Limited has successfully approved a share consolidation proposal aimed at increasing share price and enhancing market credibility [1][4]. Group 1: Share Consolidation Details - The share consolidation will occur at a ratio of 20-for-1, effective immediately following the board's resolution on February 5, 2026 [2]. - Trading of the consolidated shares on the Nasdaq Capital Market is expected to commence on or about February 16, 2026, pending confirmation and procedural completion [2]. - The board is authorized to manage any fractional entitlements resulting from the consolidation, including issuing additional shares if necessary [2][3]. Group 2: Voting Results - The proposal received strong support, with Class A shareholders casting 121,876 votes in favor and Class B shareholders casting 495,449,430 votes in favor, resulting in a total of 495,571,306 votes for the resolution [4]. - The resolution passed with 97.91% approval from the total 506,305,124 votes attached to the Company's issued shares [4]. Group 3: Company Overview - Davis Commodities Limited is an agricultural commodity trading company based in Singapore, specializing in sugar, rice, and oil and fat products [5]. - The Company operates under two main brands, Maxwill and Taffy, and provides complementary services such as warehouse handling and logistics [5]. - It has a global network of third-party suppliers and logistics providers, distributing products to over 20 countries [5].

二是实施常态化精准帮扶，持续巩固拓展脱贫攻坚成果。健全常态化帮扶政策体系，提高监测帮扶精准 性时效性，提升产业和就业帮扶实效，分层分类帮扶欠发达地区。 一是提升农业综合生产能力和质量效益，保障粮食等重要农产品稳定安全供给。毫不放松抓好粮油生 产，提升畜牧业现代化水平，推进渔业高质量发展，稳定棉糖胶和果蔬等生产，推动构建多元化食物供 给体系。加强耕地保护和质量提升，强化农业防灾减灾体系建设，全面提高农产品质量安全水平，提升 农业对外合作水平。 （来源：嘉兴日报） 三是强化农业科技和装备支撑，引领发展农业新质生产力。提升农业科技创新效能，加快农业科技成果 转化应用，深入实施种业振兴行动，加快实施农机装备高质量发展行动，大力推进智慧农业行动计划。 转自：嘉兴日报 四是推进农业发展全面绿色转型，稳步提升可持续发展能力。提升农业资源保护利用水平，加强农业投 入品管理，发展生态低碳农业。 新华社北京2月6日电 记者6日从农业农村部了解到，为深入贯彻今年中央一号文件精神，农业农村部日 前印发关于落实《中共中央 国务院关于锚定农业农村现代化 扎实推进乡村全面振兴的意见》的实施意 见，部署八方面具体工作举措，推动"三农"工作实 ...

March NY world sugar #11 (SBH26) on Friday closed down -0.16 (-1.12%), and March London ICE white sugar #5 (SWH26) closed down -3.50 (-0.86%). Sugar prices retreated on Friday, with NY sugar falling to a 3-month low.  Sugar prices have been in a gradual decline over the past three months, with London sugar slumping to a 5-year nearest-futures low on Monday as the outlook for global sugar surpluses continues.  On Friday, Unica reported that Brazil's cumulative 2025-26 Center-South sugar output through mid- ...

March NY world sugar #11 (SBH26) on Thursday closed down -0.17 (-1.18%), and March London ICE white sugar #5 (SWH26) closed down -3.90 (-0.95%). Sugar prices retreated on Thursday, but remained above Monday's significant lows.  The outlook for global sugar surpluses to persist is weighing on prices.  On Wednesday, analysts from sugar trader Czarnikow said they expect a global sugar surplus of 3.4 MMT in the 2026/27 crop year, following an 8.3 MMT surplus in 2025/26. More News from Barchart On Monday, ...

Core Insights - Rogers Sugar Inc. reported strong first quarter fiscal 2026 results, with consolidated adjusted EBITDA increasing by 18% to $46.9 million [1][2]. Financial Performance - Revenues for Q1 2026 were $298.2 million, down from $331.3 million in Q1 2025, a decrease of $38.7 million [2][8]. - Gross margin increased to $65.9 million from $46.7 million year-over-year [2][10]. - Adjusted gross margin rose to $60.8 million from $51.7 million, reflecting a favorable variance of $9.1 million [2][11]. - Net earnings for Q1 2026 were $28.5 million, compared to $15.8 million in Q1 2025, with basic earnings per share increasing to $0.22 from $0.12 [2][3]. - Free cash flow for the trailing twelve months was $89.3 million, an increase of $3.1 million from the previous year [6]. Segment Performance Sugar Segment - Sugar revenues decreased to $226.2 million from $264.9 million, with adjusted EBITDA rising to $41.1 million from $33.9 million [5][6]. - Sales volume in the Sugar segment was 175,000 metric tonnes, down 21,100 metric tonnes or approximately 11% year-over-year [6][9]. - Adjusted gross margin per metric tonne increased to $304, up $79 from the previous year [12]. Maple Segment - Maple revenues increased to $71.9 million from $66.4 million, with adjusted EBITDA remaining stable at $5.8 million [14][18]. - Total maple syrup sales volume was 14,400 thousand pounds, up from 13,400 thousand pounds in the previous year [14]. LEAP Project - The LEAP Project is progressing as planned, with $25 million spent in Q1 2026, primarily for expanding sugar refining and logistics capacity [6][19]. - The total cost of the LEAP Project is expected to be between $280 million and $300 million, with an anticipated in-service date in the first half of 2027 [19][21]. Market Outlook - The company expects continued strong financial results in 2026, despite some softening in global sugar demand due to food inflation [25][27]. - Anticipated sales volume for the Sugar segment in 2026 is 750,000 metric tonnes, reflecting a reduction of approximately 4% compared to 2025 [27]. - The Maple segment is expected to grow, with projected sales volume of 56 million pounds for fiscal 2026, a growth of approximately 5% [35][36].

Core Insights - Sugar prices have recently increased due to a weaker dollar, leading to short covering in sugar futures [1] - Despite the recent price increase, the overall outlook for sugar remains bearish due to anticipated global surpluses [2][6] Global Sugar Production and Surplus - Global sugar production is expected to exceed demand, with estimates of a 2.74 million metric ton (MMT) surplus for 2025/26 and a 156,000 metric ton surplus for 2026/27 [2] - Covrig Analytics has revised its global sugar surplus estimate for 2025/26 to 4.7 MMT, up from 4.1 MMT previously [6] Regional Production Updates - Brazil's sugar output for the 2025-26 season has increased by 0.9% year-on-year to 40.222 MMT, with a higher ratio of cane crushed for sugar [3] - India's sugar production for the 2025-26 season is projected to rise by 22% year-on-year to 15.9 MMT, with an overall production estimate increased to 31 MMT [4] Export Dynamics - India is expected to boost sugar exports, with the government potentially allowing additional exports to alleviate domestic supply issues [5] - The Indian government has set a quota for sugar exports, allowing mills to export 1.5 MMT in the 2025/26 season [5]

March NY world sugar #11 (SBH26) on Monday closed down -0.01 (-0.07%), and March London ICE white sugar #5 (SWH26) closed up +0.10 (+0.02%). Sugar prices extended their week-long plunge on Monday, with NY sugar falling to a 2.5-month low and London sugar dropping to a 5-year low.   However, oversold conditions in sugar futures prompted some technical short covering, lifting sugar prices off their lows on Monday, with London sugar climbing into positive territory. More News from Barchart The outlook for ...