World news

The global sugar market is expected to have a smaller-than-anticipated supply surplus in 2024/25 (Oct-Sept) despite rising production in Asia, due to a significant reduction on the Brazilian crop, broker StoneX said on Wednesday. It is reported by xm.com. StoneX cut its projection for Brazil's Centre-South sugar output by nearly 2 million tonnes to 40.5 million tonnes due to this year's lower quality of th...

Brazilian sugar exports increased by 50% in the first half of 2024 to 15.15 million metric tons, with Indonesia leading among the main destinations, according to data released by shipping company Cargonave. It is reported by xm.com. Singapore-based commodities trader Wilmar International WLIL.SI was the main bulk sugar charterer among companies exporting from Brazil with 16% of the trade, followe...

Kenya is expected to record a rise in sugar imports, as the effects of a ban on immature sugarcane processing kicks in, new findings have revealed. It is reported by Star. This is however expected to ease as millers ramp up their production. A report released by Fitch Solutions Company BMI and the United States Department of Agriculture sho...

The export restriction on sugar have stabilised domestic sugar prices as per Economic Survey 2024 released on July 22. The prices have remained stable amidst global sugar prices volatility since last year. It is reported by moneycontrol. “These export restrictions have indeed played a role in stabilising domestic sugar prices,” the Economic Survey 2024 stated. As a result, “Eve...

The CO2 production facility at British Sugar’s Wissington factory has successfully restarted, following the signing of a long-term agreement with Air Liquide. It is now producing biogenic CO2 to various sectors in the UK and abroad. It is reported by British Sugar. The plant, one of the largest sources of biogenic CO2 in the UK, is located next to Wissington’s bioethanol facility, ensuring no extra transport miles a...

Australia's Wilmar Sugar and Renewables is closing its eight sugar mills for up to 16 hours due to a strike on Thursday by unionised workers asking for a better pay deal, the company said. It is reported by Reuters. Wilmar, owned by Singapore's Wilmar International, opens new tab, said the shutdowns would cost sugar cane growers revenue of around $2.3 million. Another strike was...

Europe's largest sugar producer Suedzucker posted a 45% fall in quarterly earnings as it was hit by higher costs and lower sugar prices. It is reported by Reuters. Suedzucker reported operating profit in the first quarter to May 31 of its 2024/25 fiscal year of 155 million euros ($167.93 million), down from 282 million euros in the...

Targeting to stabilise sugar supply and control prices, Tanzania has imposed regulations on sugar production, importation and distribution within its borders. It is reported by theeastafrican. Parliament has passed a bill containing amendments to the Sugar Industry Act that gave the National Food Reserve Agency (NFRA) exclusive mandate to import, st...