World news


Global sugar market to shift to 7 million-tonn deficit — Alvean

Sugar king Brazil is shunning the sweetener as booming demand for ethanol siphons off more of its cane crop. It is reported by Bloomberg. That’s the assessment of Alvean, the world’s largest sugar trader and a joint venture between U.S. agribusiness giant Cargill Inc. and Brazil...


Global sugar deficit of 6,7 million tonnes seen in 2019/2020 — Louis Dreyfus

A global sugar deficit of 6,7 million tonnes is seen developing in 2019/2020, following a 401,000-tonne surplus in the previous season. Luca Meierhofer, head of global cash trading at Louis Dreyfus Company, said on Wednesday, Reuters reports. Production in historic top-producer Brazil is seen rising only slightly in the season to 2...


Brazil sugar forecast cut to 27,8 million tonnes — INTL FCStone

Brazil’s center-south will produce less sugar than initially expected in the new season that started in April, as higher gasoline prices boost demand for cheaper ethanol, leading mills to allocate less cane to sugar, broker INTL FCStone said on Tuesday. It is reported by Business Recorder.  FCStone cut its projection for sugar production in Brazil’s main producing belt to 27,8 million tonnes from 29,5 million tonnes expected in March....


Declining Asian sugar production contributs to a global deficit 2019/2020 — INTL FCStone

Declining sugar production from major Asian producers in 2019/2020 is seen contributing to a global supply deficit for the year, broker INTL FCStone said on Tuesday. It is reported by Reuters. Production of white sugar in India, Asia’s top producer, is seen falling to 28,6 million tonnes in 2019/2020 from its record-large 2018/2019 crop of 32,9 million to...


India 2019/2020 sugar output to decline 8,4% — USDA

Indian sugar production in 2019/2020 is expected to decline 8,4% from the record-large 2018/2019 crop to 30,3 million tonnes. The U.S. Department of Agriculture (USDA) attache in New Delhi said in a report. Output is expected to fall as the area under harvest contracts and the average sugar recovery rate declines, and as...


Center-South Brazil sugar production expected down 34% — S&P Global Platts

The amount of sugarcane crushed in the second half of April in Brazil's key Center-South region is expected to be 31,9 million tonnes, down 15,6% year on year, an S&P Global Platts survey of analysts found Wednesday. It is reported by press-service of S&P Global Platts. This would be the highest volume of cane crushed in 15 days since H2 September 2018, when 38.7 million tonnes was recorded. The crush...


China's sugar output is expected to rise less than 1% — USDA

Chinese sugar output is expected to rise less than 1% — to 10,7 million tonnes in 2019/2020, as low prices and limited land availability slow production growth. It is reported by U.S Department of Agriculture (USDA). The small growth in production is driven by increased beet output, especially out of Inner Mongolia, the top beet-producing province. Overall...


Egypt's sugar reserves sufficient for 7 months

Egypt has enough reserves of sugar to last for seven months. State news agency MENA reported on Tuesday, quoting Supply Minister Ali Moselhi. The agency said the minister urged refineries to continue to receive sugar beet from farmers and pay on time to ensu...


France sugar beet area decreased by 6%

French farmers are expected to cut sharply their sowings of sugar beet for this year’s harvest while increasing the area for soft wheat and barley, the country’s farm ministry said on Tuesday. It is reported by Hellenic Shipping News. In its first estimate of the 2019 sugar beet area, the ministry pegged sowings at 455,000 hectares, down 6,3 percent from 2018. A smaller sugar beet are...


Indian sugar mills owe record $4,38 billion to cane growers

India's money-losing sugar mills have run up a record $4,38 billion (Rs 30,335 crore) in arrears to 50 million cane farmers, who have gone unpaid for their produce for more than a year. It is reported by Reuters. Years of bumper cane harvests and record sugar production have hammered domestic prices, hitting mills' financial health to such an extent that monies owed to farmers...

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