World news

British oil major BP (BP.L) and U.S. commodities trader Bunge Ltd (BG.N) have put their Brazilian sugar and ethanol joint venture BP Bunge Bioenergia up for sale, newspaper Valor Economico reported on Tuesday. It is reported by Reuters. Abu Dhabi's Mubadala (MUDEV.UL) and Brazilian energy company Raizen SA (RAIZ4.SA) - a joint venture of Shell (SHEL.L) and Cosan SA (CSAN3.SA)...

ASR Group, the world's largest sugar refiner, has agreed to a 10-year deal to buy millions of tonnes of non-genetically modified (GMO-free) raw cane sugar from Brazil's Raizen, according to both companies. It is reported by Nasdaq. This is the world's first large-scale deal for GMO-free raw sugar and it comes as several sugar producers in Brazil are starting planting of genetically modified (GMO)...

France's largest sugar group Tereos said on Thursday it currently expects yields in this year's French sugar beet harvest to top the five-year average despite a lack of rainfall. It is reported by Reuters. France, the European Union's biggest agricultural producer, has endured drought and scorching temperatures this summer, with part of the country experiencing a third...

India's cabinet has approved an increase in the floor price that sugar mills must pay for cane in the season beginning Oct. 1 to 305 rupees ($3.85) per 100 kg, from 290 rupees a year earlier, the government said in a statement on Wednesday. It is reported by Reuters. The federal government raises the floor price for cane, also known as Fair And Remunerative Price, almost every year. But Uttar Pradesh state, the country's top ca...

Maharashtra had set a record for itself by producing 13,728 million tonnes of sugar in the 2021-22 season, which was nearly 3,1 million tonnes more than the year before it. It is reported by The Print. «Looking at the record production of sugarcane and sugar in the previous season, the mills in Maharashtra will start the production early this year», &mdash...

India is set to allow mills to export around 1 million tonnes of sugar, mostly unrefined, after allowing companies' requests to let them ship out stocks that had piled up in ports and warehouses, government and trade sources said on Thursday. It is reported by Nasdaq. Logistics problems, such as a shortage of railway wagons, have prevented mills from shipping raws, or unrefined sugar, which mounted up after New Delhi in May capped this...

The first sugar refineries were launched in Krasnodar krai. It is reported by Sugar.ru. As of August 1, sugar beets are accepted for processing by three sugar refineries in Krasnodar krai: Korenivskyi, Pavlovskyi, and Tikhoretskyi («Agrocomplex named...

Mills in Brazil’s centre-south (CS) region produced 2.97 million tonnes of sugar in the first half of July, said a report by industry group Unica on Wednesday, 0.12% less than in the same period a year earlier but more than the market was expecting. It is reported by hellenicshippingnews. The mills also crushed more cane than analysts projected in a survey by S&P Global Commodity Insights, processing 46.34 million tonnes in the period...

Tanzanian authorities announced measures they were taking to boost the production of sugarcane that will lead to ending sugar scarcity in the East African nation. It is reported by The Print. Hussein Bashe, the minister of Agriculture, said the measures included the construction of irrigation schemes for small-scale sugarcane growers in sugarcane growing reg...

Brazilian mills are expected to produce only 200,000 tonnes more sugar in the 2022/23 season (April-March) despite a better sugarcane crop, as a larger part of the cane will be used to make ethanol, investment bank Itau BBA said on Friday. It is reported by hellenicshippingnews. The bank’s agricultural research arm projected Brazil’s centre-south (CS) sugar production at 32.2 million tonnes in 2022/23 versus 32 milli...