World news


Brazil economy, gasoline price hikes boost ethanol outlook

Rising gasoline prices in Brazil and improved economic prospects in 2019 are boosting the outlook for ethanol sales and mills may once again skew toward the biofuel and away from sugar as the new cane crop approaches. It is reported by Reuters. Ethanol remains more attractive at present and mills will likely heavily favor production of the biofuel as the 2019/20 cane harvest begins in the center-south region in...


Indian sugar output will drop to a three-year low in 2019/2020

A drop in Indian harvest for a second year will potentially cut overseas shipments and support global prices that fell 21 percent in 2018. It is reported by Business Standard. Sugar output in India, which vies with Brazil as the world’s top producer, will likely drop to a three-year low next season as dry weather in some ma...


Sugar prices to rise as global market swings into deficit

World sugar prices are forecast to rise this year with the market swinging into deficit in the 2019/20 season, a Reuters survey of 10 analysts and traders showed on Monday. It is reported by Reuters. Raw sugar prices were expected to end the year at 14.60 cents per lb, up 15 percent from Friday’s close, according to the median forecast of responses. The world...


Brazil sugar firm Sao Martinho cuts view for cane crush growth

Brazilian sugar and ethanol company Sao Martinho SA cut its estimate for cane crush growth in the new season that starts in April to 5% from 10% expected in December due to below-average rains in the center-south region. It is reported by Reuters. Sao Martinho’s Chief Financial Officer Felipe Vicchiato said that it expects sugar prices to improve in coming months due to expected reductions in production...


Global sugar deficit in 2019/2020 seen at 1,36 million tonnes — Green Pool

The world sugar market is on course for a shortfall of 1,36 million tonnes, analyst Green Pool said on Friday in its first forecast for the 2019/2020 season. It is reported by Reuters. It also trimmed its projection for the global surplus in 2018/2019 to 2,64 million tonnes from a previous forecast of 3,6 million tonnes. There was a surplus of 1...


"Sugar World 2019" is the main business platform on Ukraine and Eastern Europe sugar market

3rd International Congress "Sugar World 2019" will be held on February 27 and the organizer is National Association of Sugar Producers of Ukraine. "International Congress for sugar beets producers and processors is the main business platform on Ukraine and Eastern Europe sugar market. The key players of the market are gathered every year in...

 
ABF raises estimate for British sugar production

Sugar production in Britain is expected to total 1,15 million tonnes this year, Associated British Foods said in a trading update on Thursday. It is reported by Reuters. The parent of British Sugar — the only British producer of sugar from domestic beet — had forecast in November that production would total only 1,05...

 
Germany's Nordzucker reported about a slump in earnings

Germany’s second-largest sugar refiner Nordzucker on Tuesday was the latest European producer to report a slump in earnings following a collapse in prices. It is reported by Reuters. Unlisted Nordzucker said net profit fell to about 17 million euros ($19,6 million) in the nine months to end November 2018 from around 143 million in the same year-ago pe...


Indonesia reduced 2019 raw sugar import quota

Indonesia sets raw sugar import quota of 2,83 million tonnes for industrial use in 2019, Trade Ministry official said on Friday. It is reported by Reuters. The quota will be reviewed every three months and adjusted if needed, said Oke Nurwan, director general of international trade. Indonesia has set raw sugar imports quo...

 
Lithuania's Nordic Sugar Kedainiai to invest EUR 12 mln into plant upgrade

Nordic Sugar Kedainiai, a Lithuanian company own by Nordic Sugar, one of the largest sugar producers in Europe, plans to invest 12 mln euros into its plans upgrade. It is reported by The Baltic Course with the reference to LETA/BNS. Around 5 mln euros will be investment into a new sugar beet handling and washing technological line, and around 7 mln e...

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