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EU's sugar production to grow 3% in 2023/24 — USDA

Sugar production in the European Union (EU) is projected to grow 3% in the 2023/24 season with a strong crop in the bloc's East more than offsetting a drop in France, the United States Agriculture Department (USDA) said in a report on Tuesday. EU's beet sugar production was forecast at 15.5 million metric tons, the USDA said, bolstered by increased plantings mainly in Poland, up 19%, Romania, Slovakia and Hungary, and also Spain. Pla...

 
Thai sugar producers fear new government controls will delay exports

Thai sugar exports could face delays next year, producers and sellers of the sweetener said, after the government introduced new measures to protect domestic supply and prevent smuggling. It is reported by Nasdaq. Thailand, the world's largest sugar exporter after Brazil, last week classified sugar as a controlled good, requiring government approval for exports of over one...

 
Brazil's sugar producton to reach record level — Green Pool

Brazil's center-south region should produce 40.5 million metric tons of sugar in the 2023/24 season (April-March), a record and 500,000 tons more than previously expected, Green Pool Commodity Specialists projected on Monday. It is reported by Nasdaq. Green Pool said in a weekly report that hot and dry weather in the region is allowing mills to continue sugarcane harvesting at a good pace, with a large allocation of the...

 
Ціни на цукор зросли на тлі прогнозів скорочення поставок цукру з Таїланду

У середу березневий контракт на цукор-сирець у Нью-Йорку закрився на рівні +0,42 (27,51 центів/фунт, +1,55%), а грудневий лондонський контракт на білий цукор №5 — на +16,40 ($749,4 за тонну, +2,24%), пише Barchart. Ціни на цукор закрилися помірним зростанням, при цьому в Лондоні цукор досягнув максимуму за півтора місяці. Занепокоєння тим, що Таїланд може незабаром обмежити експорт цукру, призводить до зростання...
цукор, виробництво, експорт, ціни, опади, посуха, Таїланд, Ель Ніньо

 
Sugar hedging by Brazil mills for 2024/25 seen at 10 mln tns

Brazilian mills have hedged around 10 million tonnes of 2024/25 sugar sales using ICE futures by the end of September, a similar hedging pace to that of the previous year, according to a report by risk advisory consultancy Archer. It is reported by Nasdaq. The report said that the average price of the hedging volume by Brazilian mills is 21.80 cents per pound. It said the volume hedged for the next season accounts for around...

 
France raises sugar beet crop estimates

France's farm ministry on Tuesday raised its forecast for sugar beet production for the second month in a row. It is reported by Nasdaq. For sugar beet, for which the harvest is also in full swing, the ministry pegged output at 31.29 million tons, up from 31.21 million estimated last month. That was now jus...

 
US top sugar state Louisiana begins harvest expecting losses

Louisiana, the state that produced the largest amount of sugar in the United States last season, kicked off the harvest of the new crop expecting losses as drier-than-normal weather in the second half of this year hurt sugarcane development. It is reported by Nasdaq. The Alma Mill in Lakeland, southeastern Louisiana, started operations Wednesday, and other mills in the state are expected to follow through next week, said Kenneth G...

 
Egypt to import 200,000 tonnes of raw sugar

Egypt intends to import 200,000 tonnes of raw sugar. It is reported by Nasdaq. Egypt’s supply ministry said on Wednesday it will import 200,000 tonnes of raw sugar set to arrive in the “coming period.”

 
China to continue to hold further auctions of sugar reserves

China will continue to hold further auctions of its sugar reserves in the near future to ensure the stability of domestic price and supply, the state's reserve management centre said in a notice on Tuesday. It is reported by Nasdaq. China will hold an auction of its first sale of state sugar reserves since 2016 on Sept. 17 amid tightening supply and rocketing prices of the sweetener.

 
Brazil sugar output up 8.5%

Brazil's center-south sugar production rose 8.54% in the first half of September when compared with a year earlier, totaling 3.12 million tonnes, data from industry group UNICA showed on Tuesday. It is reported by Nasdaq. UNICA said in a report that 41.76 million tonnes of sugarcane were crushed in the period, up 5.35% from a year ago. In recent fortnights, output from Brazil's main...

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