World news

As the crop year is set to end in a few months, the country’s sugar output remains on the downtrend due to unfavorable weather conditions coupled with the damages caused by a typhoon late last year, according to the Sugar Regulatory Administration (SRA). It is reported by philstar. In a circular letter addressed to various sugar industry groups, SRA Administrator Hermenegildo Serafica said the country’s sugar production reached only 1.8...

Cuba, once legendary for its sugar cane, produced only about half the sugar it had hoped to this season, and authorities acknowledged that while they will cover internal demand they will not be able to meet their international commitments. It is reported by AP News. «It’s not a secret, the sector is in crisis, — Dionis Pérez, director of communication at Azcuba, the government agency that regulates sugar prod...

French sugar and ethanol maker Cristal Union promised farmers high prices for their 2023 sugar beet harvest in a bid to secure suppliepass on the rise in price and costs to our consumers, Cristal Union Director General Xavier Astolfi said in an interview following a news conference to discuss its results. It is reported by Successful Farming. Astolfi provided an objective to pay 40 euros per tonne of sugar beet for the 2023 harvest, up from 29.37 euros in 2021 and 35 euros promised for the 2022 crop...

The U.S. Department of Agriculture (USDA) on Friday slashed its projection of sugar stocks-to-use ratio, a key supply level indicator, to 7.6% for the 2022/23 season from 10.1% seen in May as estimates for sugar production in the United States fell. It is reported by hellenicshippingnews. That means that the amount of sugar that will be available in the United States at the end of the 2022/23 (Oct-Sept) season would only be enough for 7.6...

France's second-largest sugar maker Cristal Union on Monday posted a net profit of 97 million euros ($102 million) in the 2021/22 financial year, up from 69 million euros a year earlier. It is reported by Reuters. Its turnover was up 6.4% at 1.8 billion euros in the year to Jan. 31, while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 206 mil...

Sugar production in Thailand for 2022/23 (2023) is forecast to rise slightly to 10.5 million tonnes compared to 2022. It is reported by USDA in its May report. On average over the last 10 years Thailand has been the fourth largest sugar producer behind Brazil, India, and the European Union and slightly above...

China production is up 400,000 tonnes to 10.0 million with rising cane sugar and beet sugar production. It is reported by USDA in its May report. This assumes favorable weather and that beet mill incentives are successful at keeping farmers planting sugarbeets. Consumptionis expected to rise...

India production is forecast to decline 3% — to 35.8 million tonnes as less sugarcane is processed for sugar. It is reported by USDA in its May report. Consumption is anticipated at a record high with the expectation of continued favorable retail and institutional sugar demand. Imports are unchange...

Brazil production is forecast up 1.0 million tonnes — to 36.4 million tonnes as higher sugarcane yields from favorable weather are expected to result in additional sugarcane available for crushing. It is reported by USDA in its May report. Harvested area is lowered as marginal sugarcane areas switch to soybeans and corn. The sugar/ethanol production mix is expected to be unchanged rel...

European Union production is forecast down 250,000 tonnes — to 16.3 million. It is reported by USDA in its May report. The decline in production should be due to the fact that farmers reduce sugar beet plantings in favor of more profitable crops like corn. Cons...