World news

Global sugar production will be smaller than the expected consumption for a second straight season in 2023/24 (October-September) as near-record Brazilian output will not be enough to offset reductions in other regions, analysts said on Monday. It is reported by Nasdaq. Sugar consulting firm CovrigAnalytics said in a report that it expects a global supply deficit of 2.2 million metric tons (MMT) in 2023/24, while broker and supply chain s...

Brazil's center-south sugar production rose 8.9% in the first half of July when compared with a year earlier, totaling 3.24 million metric tons, data from industry group UNICA showed on Tuesday. It is reported by Nasdaq. UNICA said in a report that 48.37 million tons of sugarcane were crushed in the period, up 4.2% from a year ago, while ethanol production totaled 2.26 billion liters, a 1....

Indonesia’s PT Pertamina is set to begin producing bioethanol from sugarcane and cassava. It is reported by biofuels-news. The world's biggest palm oil biodiesel user has been working to introduce bioethanol mandates for petroleum to further cut fuel imports and carbon emissions....

Brazil's sugar cane crushing for the 2023/24 season is expected to increase to 606.5 million metric tons from 598.50 million metric tons previously estimated, consultancy Datagro said on Thursday, as the cane fields are favored by steady rainfall. It is reported by Nasdaq. "Brazil is still gaining tonnage due to the good volume of rainfall observed until early May," which has favored the conditions of cane fields to be harvested at...

India's cabinet on Wednesday approved an increase in the floor price that sugar mills must pay for cane in the season beginning October 1 to 315 Indian rupees ($3.84) per 100 kg, from 305 rupees a year earlier, the country's information minister said. It is reported by sg.news.yahoo.com. «By raising the Fair And Remunerative Price to 315 rupees, the government has ensured that farmers get good returns for their produce», —...

Brazil's center-south sugar production came in roughly in line with market estimates in the first half of June, data from industry group Unica showed on Tuesday, decelerating from the previous fortnight as rains thatdrove a jump in yields now hamper crush operations. It is reported by Nasdaq. Sugar production in the period totaled 2.55 million metric tons, Unica said in a report, up 18.7% from a year earlier and meeting analyst consensus in a survey&n...

Mexican sugar production fell 15% in the current season, which is ending early due to a drought that has sapped crops and impacted yields, producers said Friday, citing official data. It is reported by Nasdaq. Mexico, which exports sugar to the United States, produced 5.22 million tonnes in the 2022/23 season, falling short of the most recent estimate of some 5.43 million tonnes...