World news

The fuel pricing change by Brazil's state-controlled oil company Petrobras will likely increase the price gap between ethanol and sugar to the highest level in 12 years, analysts and brokers said on Wednesday. It is reported by Nasdaq. The policy change announced on Tuesday, however, will have no impact to the production strategy of Brazilian sugar and ethanol producers as they start a new season si...

Brazil's center-south sugarcane crushing dropped 12.5% in the second half of April from a year earlier, industry group Unica said on Thursday, with sugar production missing market expectations after rains limited harvesting. It is reported by Nasdaq. Mills in the region were estimated to have lost 10 days of harvesting operations due to bad weather in the first month of the new cycle, Unica said, which is seen resultin...

Brazilian sugar mills lost 3 days of harvesting operations during the second half of April due to rains, according to estimates by analysts, who see production, however, jumping over the same period a year earlier. It is reported by Nasdaq. Both S&P Global Commodity Insights, in a survey with 11 analysts, and EarthDaily Agro, a company that tracks weather conditions in Brazil's center-south region, pr...

According to Datagro date, in the new season, Brazil's sugar output will increase by almost 14%.  It is reported by Nasdaq. Brazil's centre-south region is expected to produce 38.3 million tonnes of sugar in the new season that started in April, a 13.6% increase over the previous crop, due...

Brazil's centre-south sugar production in the first half of April reached 542,000 tonnes, slightly below market expectations of 572,000 tonnes, as cane allocation to sugar was not as high as some analysts projected. It is reported by Nasdaq. According to a biweekly report by industry group UNICA released on Thursday, mills allocated 38.5% of cane to sugar production in the period, while the market estimate was...

Indian mills produced 31.1 million tonnes of sugar since the current season began on Oct. 1, a fall of 5.4% year on year, as many mills closed early due to limited availability of sugar cane, a leading trade body said on Tuesday. It is reported by The Economic Times. Lower sugar output from India, the world's biggest producer of the sweetener, will leave hardly any surplus for additional exports during the current 2022/...

Europe’s largest sugar producer Suedzucker on Tuesday posted a rise of around 112% in full-year earnings as the company returned to profit from four years of losses in its sugar sector and predicted higher prices would continue to boost results. It is reported by Reuters. Preliminary operating profit in the fiscal year to end February rose to 704 million euros ($771.72 million) from 332 million euros in the previous year, Suedzucker said i...

China's sugar output from October 2022 to September 2023 is expected to reach 9 million tons, according to a Ministry of Agriculture and Rural Affairs report. It is reported by China Daily. The projected output was down 330,000 tons from the previous forecast made last month, according to the report released by Chinese Agricultural Supply and Demand Esti...

In Thailand sugar cane output is lower than forecast for this crop year, with an increase of just 1.9% to 93.8 million tonnes due to drought and more farmers switching to cultivating cassava, says the Office of the Cane and Sugar Board (OCSB).  It is reported by Bangkok Post. «The government previously expected the amount of sugar cane would exceed 100 tonnes in the 2022-23 crop year», — said Panuwat Triyangkunsri,...

Farmers in France, the European Union's biggest crop producer, are expected to cut back on sugar beet, partly in response to severe drought last year, the farm ministry said. It is reported by Nasdaq. France was among European countries hit by drought and heatwaves last summer that hurt spring-sown crops like maize and sugar beet. Among first estimates for spring cro...