World news

India's sugar production dropped by 22% — to nearly 23,3 mln tonnes in the first half of the current marketing year ending September on lower cane production, industry body ISMA said on Wednesday.  It is reported by LiveMint. Sugar marketing year runs from October to September. The country produced over 33 mln tonnes of sugar in 2018-19 but output is estimated to decline to 26 ...

French sugar and ethanol group Cristal Union said on Friday it was running at low capacity due to a slump in ethanol demand, despite a rise in table sugar output and a surge in production of pharmaceutical alcohol to make sanitary gel. It is reported by Reuters. Global ethanol producers have been suffering from a slump in margins on the fuel linked to concerns over the economic impact of the coronavirus outbreak and the recent co...

International sugar trader Czarnikow cut its estimate for global sugar consumption this year by nearly 2 million tonnes, saying the coronavirus pandemic will reduce overall sugar use in countries that imposed lockdowns. It is reported by Reuters. In a note to clients, the global trader headquartered in Britain said it is reducing by 5% the expected sugar consumption in countries such as China, Germany, France, Ita...

French group Tereos, the world’s third-largest sugar maker, has asked regular suppliers for a 7% price reduction to help it through difficult conditions created by tumbling sugar prices. It is reported by Reuters. Like many of its European peers, Tereos has felt pressure from sliding global prices coinciding with a surge in supplies, partly due to the scrapping of European Union pr...

S&P Global Platts Analytics forecasts total 2019-20 EU sugar production will be down 428,000 mt on the year at 17.502 million mt as a result of dry conditions early in the season and heavy rainfall late in the season, meaning beet yields did not offset a reduced planted area in the main producing countries of France and Germany. It is reported by press-service of S&P Global Platts However, in the UK, AB Sugar said the campaign was "entering its final stages and is progressing well". British Sugar owne...

The European Union will likely see a further decrease in planted sugar beet this year following the closure of some factories, participants at the annual Dubai sugar conference said on Wednesday. It is reported by Reuters. Sugar production in the trading bloc has fallen for two successive seasons after an initial surge after the EU abolished production quotas in 2017. Prices collapsed as...