World news

Sugar group Tereos has agreed to sell a factory site in northern France to fries maker Agristo following its announcement in March that it would end sugar production there, France's industry ministry said on Monday. It is reported by Reuters. Belgian firm Agristo plans to invest around 350 million euros ($378.4 million) to develop a new factory for potato-based products to replace the existing sugar processing...

India will decide on sugar exports for the 2023/24 season once firm estimates of total sugar cane production become available, the government said on Thursday. It is reported by Nasdaq. "Government's priority is to ensure sufficient availability of sugar for consumption, ethanol production and maintaining closing stocks of 6 million tonnes for 20...

Brazil's center-south sugar production rose 31.2% in the first half of August when compared with a year earlier, totaling 3.46 million metric tons, data from industry group UNICA showed on Thursday. It is reported by Nasdaq. UNICA said in a report that 47.87 million tons of sugarcane were crushed in the period, up 23.4% from a year ago, despite some time lost due to unfavorable weath...

India may ban sugar exports for the next season starting in October due to diminished cane yields caused by insufficient rainfall, reported news agency Reuters citing three government sources. This anticipated move follows a lack of rain impacting top cane-producing areas, with monsoon rains in Maharashtra and Karnataka being up to 50 per cent below average. A ban on Indian sugar exports...

Industry Minister Agus Gumiwang Kartasasmita has stated that the government is determined to accelerate efforts to achieve sugar self-sufficiency by 2028. It is reported by antaranews. To meet the sugar needs of industries, self-sufficiency is targeted to be achieved by 2030, he said in a statement released on Tuesday. He noted that in order...

Sugarcane crushing and sugar production in Brazil's center-south jumped in the second half of July to levels higher than the already optimistic ones estimated by market analysts as dry weather favors field work in the country's main sugar belt. It is reported by Nasdaq. Data provided by industry group UNICA showed on Thursday that 52.96 million metric tons of sugarcane were crushed in the period, up 7.8% from a year ago and...

Sugarcane processing in late July, as well as in early August, in Brazil's main sugar belt is expected to have reached record or near-record volumes as the weather remains mostly dry, favoring field work, according to analysts. It is reported by Nasdaq. Brazil's sugar industry group Unica will release production numbers for the second half of July on Thursday at 10h New York time. A survey by financial data provide...

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...