World news

India's top sugar producing state of Maharashtra is set to churn out record levels for the second year in a row as farmers have expanded the growing area for the cane crop, the state government said in a statement on Monday. It is reported by Reuters. Higher production will weigh on local prices and may prompt New Delhi to allow sugar exports in the 2022/23 marketing year starting from Oct. 1. Indian exports could weig...

India is poised to allow 5 million tonnes of sugar exports in the first tranche for the new marketing year beginning October, two government sources said on Wednesday. It is reported by Successful Farming. "The permission to export 5 million tonnes of sugar is expected in the coming weeks and once we have a better sense about next sugar year's production...

The European Union (EU) is expected to have a shortfall of 785,000 tonnes of sugar (white value) in the new season that starts in October as plants - many of which were converted back to oil from gas - started beet processing earlier than normal. It is reported by Nasdaq. According to a report by sugar market adviser CovrigAnalytics, the EU supply balance is swinging from a surplus of 670,000 tonnes in 2021/22 (Oct-Sept) due mostly to a fal...

The ongoing drought has delayed the harvest of East Anglia's sugar beet crop — prompting British Sugar to push back the opening dates for its factories. It is reported by Eastern Daily Press. The firm announced that its factories at Bury St Edmunds in Suffolk and Cantley in Norfolk will open later than usual this year, on October 5 and 20 respectiv...

The management of Dangote Sugar Refinery Plc has said it is set to reduce the importation of sugar into Nigeria by 40%. It is reported by Punch. The President, Dangote Group, Aliko Dangote, said in a statement that it was embarking on Phase II of its sugar project, which would cover over 100,000ha to make the sugar...

Sugar producer Nordzucker expects group harvest to be below last year’s level due to the drought across large parts of Europe. It is reported by ESM. The group will commence processing sugar beet on 3 September. Nordzucker is beginning its production of sugar this year at its plant in Schladen, Germany, as part of...

russia's 2022 production of sugar beet is expected to rise by 5% from a year earlier, the Russian Sugar Producers' Union industry lobby said, adding that sugar refineries had started processing this year's crop. russia has doubled sugar output over the past 15 years to end a reliance on imports and is currently self-sufficient. However, the supply of the commodity has been in the spotlight for domestic con...

Brazil's center-south sugarcane crushing fell 13.7% in the first half of August from a year earlier, bringing down sugar and ethanol production on the back of lower raw material availability, industry group Unica said on Wednesday. It is reported by Successful Farming. Crushing in Brazil's main cane belt totaled 38.62 million tonnes in early August, missing market expectations as analysts polled by S&P Global Commodit...

Sugar production in Brazil's key Center-South region is expected to total 2.85 million tonnes in the first half of August, reflecting a 5% year-on-year decline, according to results from an S&P Global Commodity Insights survey of 11 analysts. It is reported by S&P Global Platts. During the survey, the cane crush estimate ranged from 37 to 43.8 million tonnes. The average estimate was for a total cane crush of 41.4 million tonnes, do...

The US Department of Agriculture in its Aug. 12 World Agricultural Supply and Demand Estimates report raised from July its forecasts for US sugar supply for both 2021-22 and 2022-23, resulting in higher ending stocks and stocks-to-use ratios for both years. It is reported by foodbusinessnews. The USDA projected 2021-22 (current year) ending stocks at 1,828,000 tonnes, up 46,000 tonnes from its July forecast, boosting the ending stocks-to-use ratio to...