World news

Europe’s largest sugar producer Suedzucker raised its full-year profit forecast, as it expects higher sugar prices to compensate for rising energy and raw materials costs. It is reported by Reuters. Suedzucker raised its forecast for group operating profits in its financial year to February 2023 to between 530 million euros and 630 million euros ($524.4 million-$623....

Vietnam sugarcane and sugar industry expects to continue output growth with the 2022-23 crop thanks to the positive production performance and the tariff policy's efficiency for importing sugar. It is reported by Vietnamnet. According to the Vietnam Sugar Association, the total area supplying ​​sugarcane is expected to reach 151,305 hectares in the 2022-23 crop.  The crop's out...

Zahar Bod, a 133-old sugar factory in Romania, will resume production in 2023 after it was taken over by local group Best Achizitii following prolonged insolvency procedures. It is reported by G4media.ro. It has already begun negotiations to seal pre-contracting for next year’s beet production from farmers. This would make it the second Romanian sugar factory o...

India has extended curbs on sugar exports by one year until October 2023, the government said, but the world's biggest producer of the sweetener is still expected to fix a quota for this year's overseas sales. It is reported by Reuters. India, also the world's biggest sugar consumer, this year restricted exports through to the end of this month to contain a rise in domestic prices following...

Datagro data shows sugarcane production is expected to jump next season to 590 million tonnes in 2023/24 that kicks off in April as the crop continues to recover from drought and deep freeze impacts. It is reported by biofuelsdigest. The figure compares to 542 million tonnes expected for the current season. Although ethanol production is likely to increase as a result of the higher cane pr...

Tanzanian authorities on Tuesday announced measures they were taking to end the shortage of sugar in the east African nation. It is reported by english.news. Kenneth Bengesi, the director general of state-run Sugar Board of Tanzania (SBT), said the measures included the expansion of sugar factories, mobilization of f...

Brazil's sugar and ethanol industry is expected next season to continue its recovery from an historic drought, as better climate conditions in sugarcane producing areas and larger investments in the crop boost production. It is reported by Nasdaq. Agricultural consultancy Datagro said during the international sugar and ethanol conference in Sao Paulo that Brazil's centre-south sugarcane crop in the 202...

Maharashtra’s sugar production and export is larger than many sugar producing countries across the globe. Last year, India surpassed Brazil as the world’s largest sugar producer and second largest exporter country. It is reported by Hindustan Times. India eyes top spot in sugar production and export for the 2022-23 season on the global front and surpass last year’s record. Sugarcane crushing season star...

Sugar production in Brazil's Center-South is expected to total 1.95 million mt in the first half of October, reflecting a 69.1% increase on the year, a S&P Global Commodity Insights survey of 12 analysts showed Oct. 21. It is reported by S&P Global Platts. "The crushing pace in the previous crop year was already slowing down in this period," said Luciana Torrezan, head of sugar analytics with S&P...

France’s biggest sugar and ethanol group, Tereos, has raised the price at which it will buy sugar beets from its cooperative members by 40% from last year, in a bid to to pass on the improvement in its results in a context of soaring European sugar markets. t is reported by Reuters. In a letter sent Tuesday to its 12,000 cooperators, Tereos indicated that it would pay for the 2022 harvest 41.85 euros ($40.88), premium included, per tonne of sugar beet...