World news

UNICA, the Brazilian sugarcane industry association, has announced that sugarcane processing by mills in the country’s south-central region was up during the first half of September. Ethanol production was also up, but ethanol sales were down slightly. It is reported by ethanolproducer.com. Mills in the south-central region of Brazil processed 39.49 million tons of sugarcane during the first two weeks of September, up 2.51 percent when compa...

French sugar and ethanol group Tereos has decided to close and dismantle its factory in Romania after talks with a local company interested in taking over the plant failed to go through. It is reported by Reuters. Tereos, the world's second largest sugar producer by volume, had said earlier this year it was planning to shut its Ludus factory. The Romanian agriculture mi...

France's largest sugar maker Tereos had to slow output slightly at some factories after TotalEnergies (TTEF.PA) said ongoing strikes at its refineries would prevent it from supplying diesel fuel until the end of the week. It is reported by Reuters. Strikes over wage demands have disrupted the French oil giant's products refining and delivery for the third day on Thursday, threatening supplies at a time of deepen...

Brazil's centre-south (CS) region should crush a larger amount of sugarcane and produce more sugar than initially expected due to more favorable weather conditions and a larger focus by mills on production of the sweetener, a report said on Thursday. It is reported by Nasdaq. According to revised projections published by consultancy Job Economia, Brazil's main sugar belt will crush 566 million tonnes of sugarcane in 2022/23, versus 558 mill...

The global sugar market is expected to have a surplus of 3.9 million tonnes in the new season starting in October, as good production in Asia and Brazil will offset problems in Europe and China, broker and analyst StoneX said on Monday. It is reported by Nasdaq. In its new global crop report, the broker increased its view for the surplus from 3.3 million tonnes seen in July. It projected that India will have another near-record...

Brazil's ethanol exports to Europe are set to reach a record high this year, as foreign markets look more appealing than domestic, according to an analysis by S&P Global Commodity Insights. It is reported by Reuters. This year through August, Brazil shipped about 427 million liters of ethanol to Europe, 435% above the figures from the same period in 2021. By the end of 2022, the South...

India's top sugar producing state of Maharashtra is set to churn out record levels for the second year in a row as farmers have expanded the growing area for the cane crop, the state government said in a statement on Monday. It is reported by Reuters. Higher production will weigh on local prices and may prompt New Delhi to allow sugar exports in the 2022/23 marketing year starting from Oct. 1. Indian exports could weig...