World news

Mills in Brazil’s centre-south (CS) region produced 2.97 million tonnes of sugar in the first half of July, said a report by industry group Unica on Wednesday, 0.12% less than in the same period a year earlier but more than the market was expecting. It is reported by hellenicshippingnews. The mills also crushed more cane than analysts projected in a survey by S&P Global Commodity Insights, processing 46.34 million tonnes in the period...

Tanzanian authorities announced measures they were taking to boost the production of sugarcane that will lead to ending sugar scarcity in the East African nation. It is reported by The Print. Hussein Bashe, the minister of Agriculture, said the measures included the construction of irrigation schemes for small-scale sugarcane growers in sugarcane growing reg...

Brazilian mills are expected to produce only 200,000 tonnes more sugar in the 2022/23 season (April-March) despite a better sugarcane crop, as a larger part of the cane will be used to make ethanol, investment bank Itau BBA said on Friday. It is reported by hellenicshippingnews. The bank’s agricultural research arm projected Brazil’s centre-south (CS) sugar production at 32.2 million tonnes in 2022/23 versus 32 milli...

Brazil's center-south sugarcane crushing came in below market expectations late in June, data from industry group Unica showed on Tuesday, with sugar output falling from last year as mills kept betting on ethanol and yields remained under pressure. It is reported by Successful Farming. Crushing totaled 41.87 million tonnes in the second half of June, down 7.9% from a year earlier, while analysts polled by financial information provider S&...

India has extended by two weeks a deadline for the export of 800,000 tonnes of sugar as annual monsoon rains make it tough for many producers to move stocks from factories to ports, the government said on Friday. It is reported by The Economic Times. Last month, the world's biggest producer of the sweetener gave its mills until July 5 to export the sugar, but some mills missed doing so because of heavy...

Europe's largest sugar producer Suedzucker (SZUG.DE) on Thursday posted a rise of about 230% in quarterly earnings and confirmed increased profit forecasts for its new fiscal year despite the impact of the war in Ukraine. It is reported by Reuters. Suedzucker said operating profits in the first quarter of its new 2022/23 year starting on March 1 rose to some 163 million euros ($166.23 million) from 49 million euros...

German sugar producer Suedzucker (SZUG.DE) plans "significant" price hikes to offset rising costs and prepares to shift to coal as Russian gas supplies to Western Europe slow in the wake of the Ukraine war, the Mannheimer Morgen newspaper reported. It is reported by Reuters. «The costs of beet cultivation and energy are rising, and these are two significant blocks of production», — Chief Executive Niels Poerksen said in an i...

Sugar production in the key Center-South Brazil region is expected to total 2.4 million mt in the first half of June, reflecting an increase of 7.7% on the year, an S&P Global Commodity Insights survey of 12 analysts showed June 23. It is reported by S&P Global Platts. During the survey, the cane crush estimate ranged from 39.4 million mt to 45 million mt. The average estimate was for a total cane crush of 42.2 millio...

India could start sugar's new marketing year on Oct. 1 with carry forward stocks of 6.2 million tonnes even after exporting a record 10 million tonnes, the top official at the food ministry said on Wednesday. It is reported by Reuters. On Tuesday India imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes. New Delhi had decided...

Egypt has sugar reserves sufficient for more than six months. It is reported by zawya. Mostafa Abdel Gawad, head of the Sugar Crops Council, said that the expected production of sugar during 2022 will be at 2.8 million tonnes, down from 3 million tonnes...