World news


Brazil's center-south seen reducing sugar output 2019/2020 — Biosev

Brazil’s 2019/20 center-south sugar output seen at 25.9 million tonnes versus 26.5 million tonnes in 2018/19, says sugar group Biosev. It is reported by Reuters. Biosev sees Brazil’s 2019/20 center-south (CS) ethanol output at 32.1 billion liters versus 30.9 billion liters in 2018/19. Brazil’s CS sugar output w...

 
India 2019/2020 sugar output could fall 20%

India’s sugar output could fall 20% to the lowest level in three years in 2019/20 after drought last year forced farmers to curb cane planting and as floods this year damaged crops in key growing areas, a senior industry official said on Thursday. It is reported by Reuters. Lower production could help the world’s biggest sugar producer to reduce stockpiles that have been boosted by two years of record output and lower-than-expected exp...


ISO forecasts global sugar deficit of nearly 5 million tonnes in 2019/2020

The International Sugar Organization on Monday forecast a global sugar deficit of 4,76 million tonnes in the 2019/2020 season, driven partly by lower production in India and Thailand. It is reported by Reuters. The inter-governmental body, in its first full outlook for the 2019/2020 season which begins on Oct. 1, saw global production falling by 2,35% — to 171,98 million t...


Fiji Sugar Corporation crushed more than 600,000 tonnes of cane

More than 600,000 tonnes of cane has been crushed so far from the three mills around the country. It is reported by FBC news. According to the Fiji Sugar Corporation, the Lautoka Mill has crushed 239,357 tonnes of cane, producing 22,058 tonnes of sugar. The FSC states that Lautoka has operat...

 
Philippines increases need for sugar imports

In 2019/2020 MY, the Philippines sugar production will continue to decline and consumption will increase, so the need for sugar imports will increase. Local raw sugar production slightly declined last month to 2,07 million tonnes, but still within the target set by the Sugar Regulatory Administration. While local sugar supply has met industry tar...

 
Brazilian mills slash sugar hedging to lowest level in eight years — Archer Consulting

Brazilian sugar producers have hedged only 58% of their expected exports in the current season, the lowest level in eight years, as low prices reduce the use of futures contracts by mills as a way to guarantee future revenue. It is reported by Nasdaq. According to a report released on Wednesday by Brazil-based Archer Consulting, Brazilian sugar companies have sold forward in New York's ICE the equivalent of around 1...


Lower production expected to tighten global sugar supply — ISO

World sugar supplies are expected to tighten as production declines in 2019-20, but large stocks and indications of declining demand growth may limit recovery in a market battered by low prices, said Jose Orive, executive director of the International Sugar Organization. It is reported by BakingBusiness. «World sugar prices have hit bottom, and signs are pointing to a recovery», — Mr. Orive said Aug. 5 on a panel at the 36th annual International S...

 
In United Kingdom sugar beet producers may quit crop after neonicotinoid ban

With yields plunging, sugar beet growers in United Kingdom may discontinue growing crop in wake of neonicotinoid insecticide ban. It is reported by geneticliteracyproject. Sugar beet is a crop that has always demanded close attention to grow well, but Norfolk grower Mark Means has taken that meaning to a whole new level....


Green Pool raises 2019/20 global sugar deficit forecast

Analyst Green Pool has raised its forecast for an anticipated global sugar deficit in the 2019/20 season to 3,67 million tonnes from a previous projection of 1,62 million tonnes. It is reported by Reuters. The Australia-based analyst said on Friday that the main changes to its balance sheet were reductions in crop forecasts for Centre-South Brazil and India. Sugar produc...

 
Egypt's Canal Sugar plans to complete the largest in the world beet sugar factory in 2020

Canal Sugar, owned by Dubai-based Al Khaleej Sugar Refinery, plans to complete a beet sugar factory - designed to be the world’s biggest - in Egypt’s west Minya in October 2020. It is reported by Reuters. The UAE’s Al Khaleej Sugar Refinery is the world’s largest port-based sugar refinery. Production at half capacity is expected to begin in 2021 and reach fu...

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