World news

 
India sugar production is estimated up 1.5 million tonnes

India sugar production is estimated up 1.5 million tonnes to 35.5 million tonnes on favorable weather and higher yields. It is reported by USDA in its November report. Consumption is anticipated to climb with rising income. Imports are estimated down with the higher production and exports are expected to be down...

 
Brazil sugar production is estimated 2.5 million tonnes lower

Brazil sugar production is estimated 2.5 million tonnes lower but still the second highest on record at 43.0 million tonnes as less sugarcane is estimated to be available for crushing due to unfavorably dry weather. It is reported by USDA in its November report. The sugar/ethanol production mix is expected to be unchanged from the previous season at 49 percent for sugar and 51 percent for ethanol. Consump...


Global sugar production is estimated up almost 3 million tonnes

Global sugar production, compared to last year, is estimated up 2.8 million tonnes to 186.6 million tonnes with higher production in China, India, and Thailand more than offsetting lower production in Brazil. It is reported by USDA in its November report. Consumption is anticipated to rise to a new record with growth in markets such as India. Exports are up due to higher shipments from Thailand. Stocks...

 
Cuban sugar industry demise mirrors food crisis

Cuba, which once produced millions of tons of sugar, expects to output just 300,000 metric tons of the sweetener in 2025, according to provincial media reports, as it struggles to find the resources to plant cane in a bitter symbol of agriculture's decline on the Caribbean island. It is reported by Reuters. Sugar was long "king" in Cuba as a hundred mills churned out raw sugar for domestic consumption and export. But the fuel, fertilizer, machinery and labor shorta...


ISO cuts forecast for 2024/25 global sugar deficit

The International Sugar Organization (ISO) on Wednesday (Nov 20) cut its forecast for an expected global sugar deficit in the 2024/25 season to 2.51 million tonnes, down from a previous projection of 3.58 million tonnes. It is reported by The Business Times. The inter-governmental body, in a quarterly update, also estimated there was a global surplus of 1.31 million tonnes in the 2023/24 season (October/September)...


Tereos reported an 18% drop in its first-half net profit

French group Tereos, one of the world's largest sugar makers, on Wednesday reported an 18% drop in its first-half net profit, pressured by a fall in sugar and sweeteners prices, and warned of a further decline in the second part of its fiscal year. It is reported by Reuters. The group's net profit fell to 196 million euros in the six months to Sept. 30, while sales dropped 11% to 3.2 billion euros ($3.4 billion), Tereos said in a statemen...


Louisiana sugar cane crops to produce 2 million tonnes of sugar

An agriculture expert says this year’s Louisiana sugarcane crop had great growing conditions although Hurricane Francine’s strong winds damaged some crops. It is reported by brproud.com. An estimated two million tons of sugar is expected to be produced from this year’s crops. «Acreage increased again in 2024 and was reported at jus...

 
German sugar production forecast up 17% — WVZ

Germany’s sugar production from beets is forecast to rise by 17% to 4.95 million metric tons in the new 2024/25 season, up from 4.22 million tonnes last season, the country’s sugar industry association WVZ announced in its second harvest forecast. It is reported by chinimandi. This figure has increased from the earlier estimate of 4.77 million tonnes in September, thanks to more sugar beet plantings and favourable weather conditions tha...


Suedzucker cuts FY outlook on weak sugar market

Europe's largest sugar producer Suedzucker reported a 63% fall in quarterly operating profit and cut its full-year earnings forecasts on weak sugar markets. It is reported by Reuters. Suedzucker reported operating profit of 114 million euros ($124.70 million) in the second quarter to Aug. 31 of its 2024/25 fiscal year, down from 310 million euros in th...

 
Maharashtra’s sugarcane crushing season delayed

The Maharashtra government has announced that this year’s sugarcane crushing season will commence only after November 15, citing State assembly elections and a reduced availability of sugarcane. The delay was confirmed by Deputy Chief Minister Ajit Pawar, who stated that the decision was made to ensure mills operate efficiently despite the limited cane supply. It is reported by The Hindu Businessline. According to estimates from the State Sugar Commissioner’s office, Maharashtra will have 904 lakh tonnes of sugarcane available for crushing during t...

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