World news

In 2024/2025 season, in India's key producing states, the planted area under sugar cane will decrease. Sugar cane planting in the western Indian state of Maharashtra and southern Karnataka is expected to fall for the 2024/25 season starting from Oct.1, a leading industry body said on Wednesday at a sug...

French sugar maker Cristal Union will take a 10% stake in TotalEnergies's (TTEF.PA), opens new tab biogas unit BioNorrois due to be launched later this year, which will use sugar beet residue from one of Cristal Union's factories, the companies said. It is reported by Reuters. Under the deal, Cristal Union, France's second-largest sugar maker, will supply beet pulp for 15 years to feed the biogas plant, which constitutes more than half of t...

The government yesterday sanctioned a definitive sugar cane price for the 2022/2023 season at 1,197 baht (US$33) per tonne, marking a substantial increase of 117 baht from the preliminary price of 1,080 baht per tonne. In parallel, the initial price for the 2023/2024 season was ratified by the cabinet, standing at 1,420 baht per tonne. It is reported by thethaiger.com. Government spokesperson, Chai Wacharonke, indicated that the final prices applied to sugar cane demonstrating a commercial cane sugar (CCS) sweetness level of...

India will raise the floor price that mills must pay for sugar cane in the 2024/25 season by 8% from Oct. 1, as the world's second-largest sugar producer tries to boost output and please farmers ahead of a general election later this year. It is reported by Reuters. New Delhi fixed the buying price of sugar cane at 340 rupees ($4.10) per 100 kg for next season, up from this year's 315 rupees, for a basic recovery rate of 10.25%,...

Europe's largest sugar producer Suedzucker reported a 21% jump in its third-quarter operating profit, helped by a strong sugar market, while maintaining its full-year outlook. It is reported by Reuters. Suedzucker reported operating profit of 268 million euros ($294.16 million) for the quarter ended Nov. 30, up from 220 million euros a year earlier. The company said i...

The lowest price offered in Egypt's international tender to purchase 50,000 metric tons of raw or white sugar, which closed on Saturday, was estimated at $530 a ton CIF free out for raw sugar, European traders said on Monday. It is reported by Nasdaq. Offers are still being considered by state buyer GASC and no purchase has yet been reported, they said. The lowest offer was believed to have been submitted by trading hou...

Egypt's state grains buyer the General Authority for Supply Commodities (GASC) has bought 50,000 metric tons of imported raw sugar for shipment in February. It is reported by Reuters. Traders said the sugar was bought at the estimated price of $528.80 a tonn CIF free out, which includes cost, insurance and freight. Seller was believed to be trading...

Indian mills have produced 4.32 million tonnes of sugar since the current season began on Oct. 1, down 10.7% year on year, as mills in two key states started operations later than usual, a leading trade body said on Friday. It is reported by Business Standard. Lower sugar production could lead the world's second-largest producer to refrain from allocating export quotas and support global prices, that are trading n...

Brazil's sugarcane production is expected to reach an all-time high 677.6 million tonnes in 2023/24, government agency Conab said on Wednesday, up 10.9% from the previous year and above an August estimate of 652.9 million tonnes. It is reported by Nasdaq. The higher crop, driven by favorable weather and increasing yields, will lead sugar production in the world's largest sugar exporter up 27.4% on a yearly basis to a re...

Sugar beet production in France is expected to reach 31.5 million tonnes this year, up from about 31 million in 2022, growers group CGB said on Tuesday. It is reported by Nasdaq. The CGB's estimate was slightly above the French farm ministry's latest forecast of 31.28 million tonnes. Sugar production from the crop was expected...