World news

The Agricultural Bank of Egypt (ABE) and the Faiyum Sugar Works Company signed a cooperation protocol to finance sugar beet farmers in Fayoum governorate It s reported by Daily News. The protocol represents a tripartite cooperation between the Bank, the company, and beet farmers within the Bank’s endeavor to expand the financing of contract fa...

Sugar production in Brazil's main center-south (CS) cane belt increased 8.4% in the second half of July compared with the same period a year earlier to 3.3 million tonnes as mills increase efforts to the production of the sweetener. It is rported by Nasdaq. According to a report from industry group Unica released on Wednesday, mills allocated 47.7% of all harvested cane to sugar production, more than the 46.2% seen at this tim...

Sugar production in the key Center-South Brazil region is expected to total 3.25 million mt in the second-half July, reflecting an increase of 6.7% on the year, an S&P Global Commodity Insights survey of 11 analysts showed Aug. 9. It is reported by S&P Gloal Platts. During the survey, the cane crush estimate ranged from 48.0 million mt to 49.5 million mt for H2 July. The average estimate was for a total cane crush of 48....

British oil major BP (BP.L) and U.S. commodities trader Bunge Ltd (BG.N) have put their Brazilian sugar and ethanol joint venture BP Bunge Bioenergia up for sale, newspaper Valor Economico reported on Tuesday. It is reported by Reuters. Abu Dhabi's Mubadala (MUDEV.UL) and Brazilian energy company Raizen SA (RAIZ4.SA) - a joint venture of Shell (SHEL.L) and Cosan SA (CSAN3.SA)...

ASR Group, the world's largest sugar refiner, has agreed to a 10-year deal to buy millions of tonnes of non-genetically modified (GMO-free) raw cane sugar from Brazil's Raizen, according to both companies. It is reported by Nasdaq. This is the world's first large-scale deal for GMO-free raw sugar and it comes as several sugar producers in Brazil are starting planting of genetically modified (GMO)...

France's largest sugar group Tereos said on Thursday it currently expects yields in this year's French sugar beet harvest to top the five-year average despite a lack of rainfall. It is reported by Reuters. France, the European Union's biggest agricultural producer, has endured drought and scorching temperatures this summer, with part of the country experiencing a third...

India's cabinet has approved an increase in the floor price that sugar mills must pay for cane in the season beginning Oct. 1 to 305 rupees ($3.85) per 100 kg, from 290 rupees a year earlier, the government said in a statement on Wednesday. It is reported by Reuters. The federal government raises the floor price for cane, also known as Fair And Remunerative Price, almost every year. But Uttar Pradesh state, the country's top ca...

Maharashtra had set a record for itself by producing 13,728 million tonnes of sugar in the 2021-22 season, which was nearly 3,1 million tonnes more than the year before it. It is reported by The Print. «Looking at the record production of sugarcane and sugar in the previous season, the mills in Maharashtra will start the production early this year», &mdash...

India is set to allow mills to export around 1 million tonnes of sugar, mostly unrefined, after allowing companies' requests to let them ship out stocks that had piled up in ports and warehouses, government and trade sources said on Thursday. It is reported by Nasdaq. Logistics problems, such as a shortage of railway wagons, have prevented mills from shipping raws, or unrefined sugar, which mounted up after New Delhi in May capped this...

The first sugar refineries were launched in Krasnodar krai. It is reported by Sugar.ru. As of August 1, sugar beets are accepted for processing by three sugar refineries in Krasnodar krai: Korenivskyi, Pavlovskyi, and Tikhoretskyi («Agrocomplex named...