World news

France has released strategic fuel reserves for sugar producers after they warned that a lack of diesel impacting the harvesting of sugar beet could lead to factory stoppages, producer group SNFS said on Monday. It is reported by Reuters. Strikes over wages at TotalEnergies and Exxon Mobil refineries have disrupted refining and delivery, leaving a third of French fuel stations running short. The French gov...

According to the new forecast of WVZ,  in 2022/2023 MY in Germany sugar production will decrease by 11%. It is reported by Nasdaq. from beets in the new 2022/23 season now starting is forecast to fall to about 4.05 million tonnes from 4.57 million tonnes last season, Germany's sugar industry assoc...

India's sugar exports rose 57% — to 10,98 mln tonnes during 2021-22 marketing year ended September. It is reported by Business Standard. In 2021-22 marketing year, the food ministry said that "India has emerged as the world's largest producer and consumer of sugar as well as the world...

European Union sugar production is forecast to fall by 6.9% in the 2022/23 season to 15.5 million tonnes following a drop in planted area and a severe summer drought in many parts of the trading bloc, the European Commission said in a short-term outlook issued on Wednesday. It is reported by Nasdaq. The drought led to a drop in sugar beet yields of 4% while the planted area also decreased by 4%, the report said. Consumption of sugar rose in 2021/22 by 5.6% to 16.8...

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...