Latest News

ASR Group has 6-8 weeks of raw sugar supply at Baltimore Refinery

ASR Group, the biggest sugar business in the United States, has 6 to eight weeks of raw sugar stocks at its Baltimore sugar refinery which is supplied by vessels coming to the Port of Baltimore, the business said in a statement on Tuesday.

Despite the existing clog of the port after the bridge collapse, the business that makes Domino sugar stated it does not expect short-term impacts to its operations in the area.

The Baltimore refinery is one of the largest plants amongst the six refineries ASR Group operates in the U.S., producing 6 million pounds of refined sugar per day.

ASR Group also owns a network of production facilities and has warehouses throughout the U.S. that all presently have healthy inventories of ended up products and can be made use of if needed, the company said.

It stated there is one vessel currently docked at the Port of Baltimore dumping raw sugar for the refinery which a second ship completed releasing its load on Monday.

In addition to sugar, there is likewise minor operations with discharge of chocolate-making basic material cocoa at the Port of Baltimore, traders said, but they are small and could be diverted to other ports.

(source: Reuters)