World news

The U.S. Department of Agriculture (USDA) on Friday slashed its projection of sugar stocks-to-use ratio, a key supply level indicator, to 7.6% for the 2022/23 season from 10.1% seen in May as estimates for sugar production in the United States fell. It is reported by hellenicshippingnews. That means that the amount of sugar that will be available in the United States at the end of the 2022/23 (Oct-Sept) season would only be enough for 7.6...

France's second-largest sugar maker Cristal Union on Monday posted a net profit of 97 million euros ($102 million) in the 2021/22 financial year, up from 69 million euros a year earlier. It is reported by Reuters. Its turnover was up 6.4% at 1.8 billion euros in the year to Jan. 31, while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 206 mil...

Sugar production in Thailand for 2022/23 (2023) is forecast to rise slightly to 10.5 million tonnes compared to 2022. It is reported by USDA in its May report. On average over the last 10 years Thailand has been the fourth largest sugar producer behind Brazil, India, and the European Union and slightly above...

China production is up 400,000 tonnes to 10.0 million with rising cane sugar and beet sugar production. It is reported by USDA in its May report. This assumes favorable weather and that beet mill incentives are successful at keeping farmers planting sugarbeets. Consumptionis expected to rise...

India production is forecast to decline 3% — to 35.8 million tonnes as less sugarcane is processed for sugar. It is reported by USDA in its May report. Consumption is anticipated at a record high with the expectation of continued favorable retail and institutional sugar demand. Imports are unchange...

Brazil production is forecast up 1.0 million tonnes — to 36.4 million tonnes as higher sugarcane yields from favorable weather are expected to result in additional sugarcane available for crushing. It is reported by USDA in its May report. Harvested area is lowered as marginal sugarcane areas switch to soybeans and corn. The sugar/ethanol production mix is expected to be unchanged rel...

European Union production is forecast down 250,000 tonnes — to 16.3 million. It is reported by USDA in its May report. The decline in production should be due to the fact that farmers reduce sugar beet plantings in favor of more profitable crops like corn. Cons...

Global sugar production is forecast up 1.7 million tonnes — to 182.9 million tonnes as higher production in Brazil, China, and Russia is expected to more than offset declines in India and Ukraine. It is reported by USDA in its May report. Consumption is anticipated to rise to a new record due to growth in markets including China, India, Indonesia, and Russia. Exports are projected down as...

Sugar production in India, the world’s largest producer and second-largest exporter, rose 15 per cent to a record 35.24 million tonne till May 30 in the ongoing 2021-22 marketing year on higher output in Maharashtra and Karnataka, according to the data released by cooperative body NFCSFL on Tuesday. It is reported by Financial Express. Sugar production stood at 30.63 million tonne in the year-ago period. The sugar marketing year runs from October to September. The sugar output achieved so f...

A presidential decree published in the Official Gazette has paved the way for the import of 400,000 tons of sugar at a time when sugar price in the domestic market is rising. It is reported by Daily News. The decree stipulates that no customs duties will be levied on the 400,000 tons of sugar to be imported and that import licenses, which will be granted under the new d...