World news

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...

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...