World news

The new Thai sugar season that starts in October is looking weak due to insufficient rains this year as the El Nino phenomenon brought a drier-than-normal weather pattern to the Asian country, a report from broker Czarnikow said on Monday. It is reported by Nasdaq. After touring the main sugar producing areas in the country, it projected Thailand's sugarcane crop in 2023/24 (Oct-Sept) at only 66.5 million tonnes, compared to arou...

Sugar prices in India have jumped by more than 3% in a fortnight to their highest level in six years, traders and industry officials said, as limited rainfall in the country's key growing regions raised production concerns for the upcoming season. It is reported by Reuters. This could add to food inflation and discourage New Delhi from allowing sugar exports, supporting global prices , which are near their highest in more than a decade. &...

Germany’s second largest sugar producer Nordzucker said on Tuesday it plans to start this year’s sugar refining season of new crop beets at its first plant in Germany on Friday, Sept. 8. It is reported by Reuters. The other Nordzucker factories in Germany, Denmark, Sweden, Finland, Lithuania, Poland and Slovakia are to start processing beet during September or early October. Unl...

White sugar prices on ICE rose to a 12-year high on Wednesday, buoyed by the prospect of tightening supplies as dry weather threatens to curb production in India and Thailand. It is reported by Nasdaq. India is on track for its lowest monsoon rains in eight years and is expected to ban mills from exporting sugar in the coming season starting in Octobe...

British Sugar has announced this autumn's factory start dates for its 2023/24 sugar beet processing campaign. It is reported by Eastern Daily Press. The Bury St Edmunds site in Suffolk will be the first of the company's four factories to open for deliveries from East Anglia's sugar beet grower...

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...