World news


ISO sees two million deficit in the global sugar market in 2019/2020

The International Sugar Organization on Thursday sharply reduced its forecast for an expected global sugar surplus for the 2018/19 season, cutting production outlooks for Brazil, India, Pakistan and the European Union. It is reported by Reuters. The inter-governmental body, in a quarterly report, forecast there would be a global surplus of 2.17 million tonnes in 2018/19 (October/September), down from a previous p...


Uttar Pradesh sugar output falls 77%

Mills in Uttar Pradesh produced 81 200 tonnes of sugar as of Monday during the ongoing season started Oct 1, much lower than 353 100 tonnes produced in the corresponding period last year. It is reported by Cognecis. The state's sugar output is sharply lower on year due to delayed start in cane crushing by mills this season. Last year, mills in the state had begun cr...

 
India began new production season 2018/2019 MY

India’s 2018-19 sugar production has started gaining momentum across the country as one-fourth of the sugar mills from Uttar Pradesh and 45% from Maharashtra having already started crushing sugarcane.  It is reported by The Economic Times. 29 sugar mills had started crushing operations in UP by Monday evening and another seven are expected to begin operations by Tuesday morning.  A total...


Pests and drought set to cut Indian sugar output

Persistent dry weather and pest attacks are poised to cut India’s sugar output from a record this year even after farmers in the world’s second-largest producer increased plantings. It is reported by Bloomberg. Production may total 28,9 million tonnes in the year that began Oct. 1. That compares with the reduced estimate of 32 million tonnes made last month...

 
North Dakota sugar beet harvest wrapping up

North Dakota's sugar beet harvest is wrapping up. It is reported by The Sacramento Bee. The federal Agriculture Department in its weekly crop report says 98 percent of sugar beet are harvested. 

 
Pakistan sugar mills bound to start crushing by Nov 20

Director Agriculture Chaudhry Abdul Hameed said Pakistan sugar mills were bound to start sugarcane crushing by November 20. It is reported by Business Recorder. He said on Friday that sugarcane crop had been sown on 515,570 acres of land across the division. He added that administration of the 14 sugar mills was dire...

 
Biosev open to possible sale of sugar mills in Brazil

Biosev, the Brazilian sugar and ethanol unit controlled by commodities trader Louis Dreyfus, is open to market opportunities including the potential sale of additional mills, Chief Executive Officer Juan José Blanchard said on Wednesday. It is reported by Reuters. The company sold a mill in September and hired financial advisers to evaluate additional asset sales, as it seeks to reduce a large debt. «We are working careful...

 
Mauritius reduces sugar production forecast for the second time due to drought

Mauritius has cut its 2018 sugar output forecast for the second time in two months due to a lack of rainfall, the country’s Chamber of Agriculture said on Tuesday. It is reported by Reuters. The Chamber said it now expects production of 324,000 tonnes this year, down 1,8 percent from its 330,000 tonne forecast in September, which was also a reduction. &laq...

 
Brazil sugar output seen at lowest in 12 years — Datagro

Brazil's center-south is expected to produce 26,38 million tonnes in the 2018/19 season — the lowest amount in 12 years due to a smaller cane crop and higher ethanol production, Datagro consultancy said on Tuesday. It is reported by Nasdaq. Datagro's previous estimate for the season was for production of 27,28 million tonnes. It projected the new sugar season, which starts in April next year, at a similar...

 
Sri Lanka halts sugar imports

Sri Lankan importers have temporarily stopped importing sugar after the government hiked import duty and imposed a maximum domestic retail price, which made imports uneconomical, market sources said. It is reported by S&P Global Platts. The Consumer Affairs Authority (CAA) of Sri Lanka fixed the maximum retail price for white sugar at Rupee 100/kg on October 12, which is equivalent to $578,...

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