World news

Germany's second largest sugar refiner Nordzucker reported a 116% surge in annual profit on Wednesday, benefitting from high sugar prices, and said it is optimistic it will achieve good results in its new financial year. It is reported by Reuters. Unlisted Nordzucker posted a 182 million euro ($200.4 million) net profit for its 2022/23 financial year to end-February, up from 84 million euros the previous year. Sale...

The International Sugar Organization (ISO) on Monday sharply reduced its projection for a global sugar supply surplus in 2022/23 (Oct-Sept) to 850,000 tonnes from 4.15 million tonnes seen in its previous quarterly report in February. It is reported by Nasdaq. The new estimate includes revisions in key regions such as Europe, China, Thailand and India, where production came in below previous expectations (see tables below), a si...

Soybean and sugarcane producers have blocked the highway connecting Cochabamba and Santa Cruz in Bolivia for the second day in protest against diesel shortages. It is reported by tvpworld. In Bolivia, the government implemented decrees 4910 and 4911 that reduced fuel sales to big buyers of gasoline and diesel from 20,000 to 5,000 liters in order to co...

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...