World news


British sugar trader joins ethanol trading venture in Brazil

British sugar trader Czarnikow has entered as a partner in a new ethanol trading company in Brazil, in a joint venture with a group of local investors who control sugar and ethanol plants, according to documents released on Friday by the Brazilian government. It is reported by Reuters. CADE, the Brazilian anti-trust watchdog, said it has approved the creation of the ethanol trading venture after a request by Czarnikow and its partners Vale do Tijuco A&c...


American Crystal adds 10,000 beet acres

In the face of the slow start to the growing season, American Crystal Sugar Co. is adding 10,000 acres of sugar beets in 2019 to maximize the company's processing capacity. It is reported by AGWEEK. Brian Ingulsrud, vice president of agriculture for the farmer-owned co-op based in Moorhead, on May 22 said the increase temporarily equals 2,5 percent of total planted ac...


Global sugar deficit of 2,5 million tonnes seen in 2019/2020 — Sucden

Indian and Thai sugar production are expected to fall in the 2019/2020 season, contributing to a global supply deficit, but large stockpiles in both countries are likely to continue to hang over the market, said Jeremy Austin, general director of Sucden Brazil. It is reported by Reuters. A global sugar deficit of 2,5 million tonnes is seen developing in 2019/2020 after a small surplus in the previous year, Austin said. Indian sugar production in 2019/2020...


Global sugar deficit likely to be 2,34 million tonnes — Datagro

A global sugar deficit of 2,34 million tonnes is seen developing in the 2019/2020 season, compared to a 0,48 million-tonne surplus in 2018/2019 as output from major Asian players is set to fall, said Plinio Nastari, president of consultancy Datagro. It is reported by BusinessLine. Production in second-largest producer India is forecast to fall to 29,1 million tonnes from 33,2 million tonnes in the previous season, Nastari said. Thai output is...


Global sugar market to shift to 7 million-tonn deficit — Alvean

Sugar king Brazil is shunning the sweetener as booming demand for ethanol siphons off more of its cane crop. It is reported by Bloomberg. That’s the assessment of Alvean, the world’s largest sugar trader and a joint venture between U.S. agribusiness giant Cargill Inc. and Brazil...


Global sugar deficit of 6,7 million tonnes seen in 2019/2020 — Louis Dreyfus

A global sugar deficit of 6,7 million tonnes is seen developing in 2019/2020, following a 401,000-tonne surplus in the previous season. Luca Meierhofer, head of global cash trading at Louis Dreyfus Company, said on Wednesday, Reuters reports. Production in historic top-producer Brazil is seen rising only slightly in the season to 2...


Brazil sugar forecast cut to 27,8 million tonnes — INTL FCStone

Brazil’s center-south will produce less sugar than initially expected in the new season that started in April, as higher gasoline prices boost demand for cheaper ethanol, leading mills to allocate less cane to sugar, broker INTL FCStone said on Tuesday. It is reported by Business Recorder.  FCStone cut its projection for sugar production in Brazil’s main producing belt to 27,8 million tonnes from 29,5 million tonnes expected in March....


Declining Asian sugar production contributs to a global deficit 2019/2020 — INTL FCStone

Declining sugar production from major Asian producers in 2019/2020 is seen contributing to a global supply deficit for the year, broker INTL FCStone said on Tuesday. It is reported by Reuters. Production of white sugar in India, Asia’s top producer, is seen falling to 28,6 million tonnes in 2019/2020 from its record-large 2018/2019 crop of 32,9 million to...


India 2019/2020 sugar output to decline 8,4% — USDA

Indian sugar production in 2019/2020 is expected to decline 8,4% from the record-large 2018/2019 crop to 30,3 million tonnes. The U.S. Department of Agriculture (USDA) attache in New Delhi said in a report. Output is expected to fall as the area under harvest contracts and the average sugar recovery rate declines, and as...


Center-South Brazil sugar production expected down 34% — S&P Global Platts

The amount of sugarcane crushed in the second half of April in Brazil's key Center-South region is expected to be 31,9 million tonnes, down 15,6% year on year, an S&P Global Platts survey of analysts found Wednesday. It is reported by press-service of S&P Global Platts. This would be the highest volume of cane crushed in 15 days since H2 September 2018, when 38.7 million tonnes was recorded. The crush...

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