World news

Europe's largest sugar producer Suedzucker is set to bump up sugar prices again next year as energy costs remain high and as input costs for items like sugarbeet are also elevated. The chief executive Niels Poerksen told Reuters. «In some areas, increased costs are still putting pressure on the margin. We will therefore have to implement further price increases next yea...

Indian sugar mills are aggressively signing export deals, contracting for about 1 million tonnes just four days after New Delhi approved exports, as they get higher prices for their product in global markets, four dealers told. It is reported by Reuters. The quick shipments from the world's biggest producer of the sweetener and its second biggest exporter, could weigh on global prices , but help Indian mills in liquid...

France’s farm ministry on Tuesday lowered sugar beet production outlook to 31.94 million tonnes from 32.69 million tonnes forecast last month, reflecting a downward revision to the expected yield to 79.41 t/ha from 81.85 t/ha. it is reported by hellenicshippingnews. The revised production outlook would be down 7.1% from last year and 13.6% below the five-year average. Growers are in the midst of harvesting sugar...

The winds and rains of hurricane “Lisa”, which had a strong impact on Belize, left thousands of hectares of sugar cane “flattened” on the banks of the Hondo River, on the border with Belize. It is reported by The Yucatan Times. The president of the Local Union of Sugar Cane Producers, Evaristo Gómez Díaz, said that for the moment the exact damage is unknown, so this Frida...

Indonesia plans to cultivate 700,000 hectares of sugarcane nationwide in a bid to become self sufficient of the commodity in five years. It is reported by nst.com.my. President Joko Widodo said this and that the task will be shouldered by state-owned plantation firm PT Perkebunan Nusantara X (PTPN X). Joko, or Jokowi, as he is af...

India on Saturday approved the 2022/23 export of 6 million tonnes of sugar, in line with market expectations for the year’s first tranche. It is reported by hellenicshippingnews. India exported an all-time high of more than 11 million tonnes of sugar in 2021/22 and the industry was expecting New Delhi this year to allow exports o...

Cuba kicks off the country´s annual sugar harvest this month, but experts and state officials say the crisis-racked Caribbean island will struggle to produce enough of the sweetener even for its own consumption, dashing plans for export. It is reported by Reuters. Cuba's communist-run government has said it plans to produce 455,000 tonnes of raw sugar this harvest cycle, 14,000 tonnes less than the previous one which hit a hund...

Europe’s largest sugar producer Suedzucker raised its full-year profit forecast, as it expects higher sugar prices to compensate for rising energy and raw materials costs. It is reported by Reuters. Suedzucker raised its forecast for group operating profits in its financial year to February 2023 to between 530 million euros and 630 million euros ($524.4 million-$623....

Vietnam sugarcane and sugar industry expects to continue output growth with the 2022-23 crop thanks to the positive production performance and the tariff policy's efficiency for importing sugar. It is reported by Vietnamnet. According to the Vietnam Sugar Association, the total area supplying ​​sugarcane is expected to reach 151,305 hectares in the 2022-23 crop.  The crop's out...

Zahar Bod, a 133-old sugar factory in Romania, will resume production in 2023 after it was taken over by local group Best Achizitii following prolonged insolvency procedures. It is reported by G4media.ro. It has already begun negotiations to seal pre-contracting for next year’s beet production from farmers. This would make it the second Romanian sugar factory o...