World news

The Egyptian Minister of Supply and Internal Trade, Aly al-Meselhy announced Monday that the state’s strategic reserves of sugar stocks has risen to cover more than six months ahead. It is reported by Egypt Independent. The production of local sugar from beet and cane crops will enhance the strategic stock of the sugar commodity to meet the country’s needs in the long-ter...

Sugar production in Brazil's Center-South for the first two weeks of the 2022-23 season showed a drop of 79.99% year on year at 126,627 tonnes, data from trade association UNICA showed April 28. It is reported by S&P Global Platts. The figure was lower than the consensus expectations of 278,900 tonnes from 10 analysts surveyed by S&P Global Commodity Insights. Mills in CS Brazil...

Sugar production in the key Center-South Brazil region is expected to total 279,000 mt in the first half of April, a decrease of 56% year on year, an S&P Global Commodity Insights survey of 10 analysts showed April 26. It is reported by S&P Global Platts. «The start of the 2022-23 harvest should witness the lowest cane crush since the 2014-15 harvest, — according to S&P Global&#...

Brazil’s center-south (CS) region is expected to increase production of both sugar and ethanol in the new season that started in April, as fields partially recovered from the worst drought in 90 years last season, consultancy JOB Economia said on Monday. It is reported by hellenicshippingnews. It projected the CS sugarcane crop in 2022/23 at 558 million tonnes, 6.7% above 2021/22, while sugar output was seen at 33.5 million tonnes versus 32.1...

Sugar mills in the country have produced 32.99 million tonnes of sugar till April 15 this year, which is 3.8 million tonne (MT) higher than 29.18 MT produced by the same time last year, according to the Indian Sugar Mills Association (ISMA). As compared to 170 sugar mills that were crushing sugarcane on April 15 last year, around 305 sugar mills are still crushing sugarcane during the same period...

Farmers in France, the European Union's biggest crop producer, are expected to cut back on wheat and sugar sowing for this year's harvest but expand barley and rapeseed area, the country's farm ministry said on Tuesday. It is reported by Successful Farming. Among initial estimates for spring planting, the ministry projected the sugar beet area would fall by 1.5% from last year to 396,000 ha, which is 11.6% below t...

India could export a record 9 million tonnes of sugar in 2021/22 marketing year as production is likely to jump to a record 35 million tonnes, nearly 5% more than the previous estimate, a leading trade body said on Friday. It is rported by Reuters. The higher exports from the world's second-biggest producer of the sweetener could weigh on global prices , , trading near their highest level in 4-1/2 months. Mill...

A global deficit in sugar supplies in the 2021/22 season is expected to reduce by 42% due to a better than expected sugar production in India, the world's second largest producer of the sweetener, broker StoneX said on Wednesday. It is reported by Successful Faming. StoneX raised its estimate for India's 2021/22 sugar output to 33.2 million tonnes for the October to September period, 5% more than projected in January, a...

Europe's largest sugar producer Suedzucker on Monday posted a rise of almost 40% in full year operating profit as improved sugar and bioethanol markets boosted earnings. It is reported by Reuters. Group operating profit in the full financial year 2021/22 to the end of February rose to 330 million euros ($362.37 million) from 236 million euros in the previous year,...

The US Department of Agriculture in its March 30 Prospective Plantings report said farmers intend to plant 1,143,400 acres of sugar beets in 2022, down 16,600 acres, or 1.4%, from 1,160,000 acres planted in 2021.  It is reported by bakingbusiness. Planting intentions were down 3,000 acres, or 0.7%, in top-producing Minnesota at 424,000 acres. But planted area in No. 2 North Dakota were unchanged from 20...