World news

Egypt plans to produce about 140,000 tonnes of sugar during the ongoing season of local sugar beet supply, aiming to put an end to the long-standing sugar crisis affecting the country. It is reported by egypttoday. The Ministry of Supply and Internal Trade announced on Saturday that it has commenced the reception of sugar beet crops from farmers at the Abu Qurqas sugar facto...

The area planted with sugar beet in the European Union could rise by just 2-3% next season despite high sugar prices, the chief executive of France's largest sugar producer Tereos said at a conference in Dubai on Thursday. It is reported by Nasdaq. Olivier Leducq stressed that the relatively small rise in light of high sugar and sugar beet prices reflected high costs, farmer concerns about a fall in yields due to adv...

Brazil cane mills will boost their sugar production capacity as much as 10% in the new season from April to take advantage of relatively high sugar prices and as increasing supplies of corn make the grain a cheap feedstock for ethanol output. It is reported by Reuters. Brazil is the world's largest sugar producer. It accounted for nearly 50% of global sugar trade last year as unfavorable weather due to the El Nino climate pattern re...

Brazilian mills in the main sugar region of Centre-South (CS) are projected to produce 4.8% less sugar in the new season that starts in April, compared with the previous crop, consultancy Datagro said in a presentation on Wednesday. It is reported by Reuters. Datagro projected Brazil's 2024/25 sugar output at 40.45 million metric tons versus 42.50 million tons in 2023/24, saying that drier-than-normal weathe...

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...