World news

 
Bad weather forces U.S. sugar producers to declare force majeure

Beet producers Western Sugar Cooperative and United Sugars Corp issued force majeure notices to clients late Tuesday, according to three market participants, after a cold snap hit large portions of the United States. It is reported by Reuters. March ICE sugar futures were up 2,1% in the session to $334,30 a tonn. Force majeure is declared when a company is unable to meet its commercial commitments due to unfore...

 
US farmers band together to save sugar beet crop from bad weather

The snow and cold weather caused local sugar beet farmers to band together and harvest their crop before the deadline. It is reported by wnem. «A lot of tough weather conditions to work through, a lot of stress, a lot of anxiety, but they got it done», — Executive Vice President of Michigan Sugar...


Heavy rains slow EU sugar beet harvesting

Heavy rains disrupted EU sugar beet harvesting operations, adding to the challenge faced by farmers who are trying to get winter crops planted. It is reported by Reuters. The rains have delayed grain sowings in parts of the European Union with the situation particularly severe in Britain where they could trigger a significant shift to spri...

 
Brazil's center-south ending sugar season 2019/2020 earlier

Brazil's center-south is approaching the end of this year's sugarcane season much earlier than expected, as drier-than-normal weather during most of the last weeks sped up harvesting and led to several mills announcing the end of crushing. It is reported by Nasdaq. The main Brazilian sugar belt crushed 32,6 million tonnes of cane in the second half of October, 30% more than in the same period a year earlier, a similar quick-pace perf...


Global sugar production 2019/2020 will drop below total consumption — FAO

FAO expects world sugar production to drop in 2019/20 (October/September), falling below total consumption. The forecast for global sugar production in 2019/20 has been revised downwards in recent months and is now pegged at just over 175 million tonnes, representing a 2,8 percent decrease from 2018/19. It is reported in FAO Food Outlook Report. International sugar markets are seen heading for a modest tightening in the 2019/20 marketing season, as production is forecast to fall below the previous...

 
Thailand 2019/2020 sugar output may decrease by 17%

Sugar output in Thailand may decline below 12 mln tonnes in 2019/2020 due to a likely fall in cane production in the east Asian country, Thai Sugar Millers Corp Ltd Director-General Rangsit Hiangrat said. It is reported by cognecis. In 2018/2019, the country produced 14,5 mln tonnes sugar. Thailand is one of the world's largest producers and exporters of the commodity. The cane prod...


ISMA reduced India 2019/2020 sugar output forecast by 5%

The Indian Sugar Mills Association (ISMA) reduced its 2019/2020 sugar production forecast by 5%, compared to the previous expectations. It is reported by Reuters. India is expected to produce 26,85 million tonnes of sugar in the current year that began in October 2019, a 5% drop compared to a previous estimate of 28,2 million tonne...


Global sugar deficit 2019/2020 will reach 7.7 million tonnes — INTL FCStone

The production drop in India will lead to a larger global sugar supply deficit in 2019-20 of 7.7 million tonnes, a development seen as crucial in reducing large stocks in some producing countries that have been pressuring international prices. It is reported by Reuters. India’s 2019-20 sugar production should fall to 26.9 million tonnes, 1.3 million tonnes below an August projection, due to unfavorable weather conditions, broker an...


Suedzucker raises earnings outlook

Suedzucker, Europe’s largest sugar refiner, on Friday raised its forecast of operating profits in its current financial year as environmental concerns have boosted demand for biofuel ethanol enough to partially offset weakness in the sugar sector that is slumping due to a global glut of the sweetener. It is reported by Reuters. «We are seeing robust demand for bioethanol in several European countries, — a Suedzucker spokesman said, — In the current debate about protecting the c...


BP still aiming to close Brazil deal with Bunge in 2019

BP Plc is still looking to close its deal with Bunge Ltd to merge sugar and ethanol assets in Brazil in 2019, so the companies can go on to plan their operations together for the new cane season that starts in early 2020. It is reported by Reuters. BP’s chief executive for biofuels, Mario Lindenhayn, told reporters on the sidelines of Datagro’s sugar conference in Sao Paulo the oil major was just waiting...

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