World news

 
Indian traders sign sugar export deals in advance

Indian traders for the first time have signed sugar export contracts five months ahead of shipments as a likely drop in Brazil’s production prompted buyers to secure supplies from the South Asian country in advance. It is reported by Reuters. Sugar production in Brazil, the world’s biggest producer and exporter, is likely to drop due to a drought and frost that has damaged the sugarcane crop. Traders...


Brazil sugar cane yields fall 14%

Brazil’s centre-south (CS) mills produced 2.94 million tonnes of sugar in the first half of July, 2.8% less than a year ago, as agricultural yields in the fields fall way behind last season’s levels, industry group Unica said on Tuesday. It is reported by Reuters. Cane crush in the region was 45.6 million tonnes in the first half of July, 2.3% less than a year ago, while ethanol production increased 1.1% to 2.16 billion liters, Uni...

 
Brazil sugar production expected to decrease almost 3% — S&P Global Platts

Sugar production in the key Center-South Brazil region is expected to total 2.951 million tonnes in the first half of July, down 2.6% year on year, an S&P Global Platts survey of 10 analysts showed July 21. It is reported by S&P Global Platts. Of the analysts surveyed, the cane crush estimate ranged from 42.3 to 47.7 million tonnes. The average estimate was for a total cane crush of 45.2 million t...


Dubai sugar giant gets go ahead to build beet factory in Spain

Dubai’s Al Khaleej Sugar Co., owner of the world’s largest port-based sugar refinery, received the green light to build a factory in Spain, extending its reach beyond the Middle East and North Africa. It is reported by Bloomberg. The company plans to start construction of the plant in Merida next year, said Managing Director Jamal Al Ghurair. The agreement between its subsidiary Iberica Sugar Co...


Suedzucker expects sugar market recovery

The CEO of Suedzucker, Europe’s largest sugar refiner, on Thursday reaffirmed expectations of better full-year profit on hopes the economic impact of the pandemic will subside in coming months. It is reported by Reuters. COVID-19 vaccination levels are continually rising worldwide, despite regional differences, CEO Niels Poerksen told Suedzucker’s online shareholders’ meeting....

 
India sugar stocks set to fall to 4-year low — ISMA

India's sugar inventories have been depleted by 19% and the country could start the 2021/22 marketing year with lowest the stocks in four years after mills exported a record amount in the current year, a leading trade body said on Wednesday. It is reported by Reuters. Lower inventories could support local prices and may reduce exports in the next marketing year from the world's second biggest sugar producer, in turn supporting glob...

 
USDA cuts U.S. 2021-22 sugar production forecast

The US Department of Agriculture in its July 12 World Agricultural Supply and Demand Estimates report slashed from June its forecast of 2021-22 (beginning Oct. 1, 2021) domestic sugar production but raised forecast imports sharply with the net result of boosting forecast 2021-22 ending stocks by 14% for a 13.5 ending stocks-to-use ratio. It is reported by Food Business News. Domestic sugar production in 2021-22 was forecast at 9,008,000 tons, down 302,000 tons, or 3.2%, from the June forecast, including beet sugar at 5,033,000 tons...

 
Sugarcane production in Maharashtra may go up by over 20 million tonnes

The sugarcane production in Maharashtra may go up by at least 23,7 million tonnes this year, and sugar factories in the state may have to work additionally for half a month to crush the produce, the president of the National Federation of Cooperative Sugar Factories (NFCSF) Jayprakash Dandegavkar said on Tuesday. It is reported by The Economic Times. The federation's estimation was based on water availability and the monsoon predicted this year, the official said, adding that the production is expected...


The European Commission forecasts an increase in EU sugar production

Sugar production in the European Union is forecast to rise in the 2021/22 season leading to an increase in stocks of the sweetener, the European Commission said on Tuesday in a short-term outlook report. It is reported by Nasdaq. The EU's executive projected white sugar production would rise to 15.5 million tonnes in 2021/22, up from the prior season's 14.5 million. Sugar beet yields wer...

 
Frosts reported in Brazil's sugarcane areas

Frosts were reported in Brazil's sugarcane, coffee and corn areas on Wednesday, analysts and weather agencies said, as the country saw very low temperatures all the way from the southernmost state of Rio Grande do Sul to the northern part of São Paulo. It is reported by Reuters. «It has been a long time since we saw this kind of frosts in Brazil», — Rural Clima's meteorologist Marco Antonio dos Santos said in a note to...

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