World news

In 2021/2022, European Union production is estimated up 1,2 million tonnes — to 16,6 million tonnes. It is reported by USDA in November report. Sugar output is forecasted to increase as sugarbeets ─mainly in France, Germany, and Poland ─ suffered less from beet yellows virus disease than they...

Sugar production in the key Center-South Brazil region is expected to total 457,600 mt in the first half of November, down 63.2% on the year, a survey of 10 analysts by S&P Global Platts showed Nov. 22. It is reported by S&P Global Platts. According to the analysts surveyed, the cane crush is estimated to range from 5.2 million mt to 13.6 million mt. The average estimate was for a total cane c...

The International Sugar Organization (ISO) forecast a global sugar deficit of 2,55 million tonnes in the 2021/22 season, with a diminished outlook for consumption reducing the size of an anticipated shortfall. It is reported by Reuters. The inter-governmental body had previously forecast a global sugar deficit of 3.85 million in 2021/22. The ISO, in a quarterly market outlook, put global consumption i...

Algeria will impose a 9% value-added tax on white and raw sugar from early next year to reduce imports and address health issues, Prime Minister Ayman Benabderrahmane said on Saturday. It is reported by Reuters. OPEC member Algeria has been trying to cut spending on imports of food and other goods in a bid to narrow budget and trade deficits. «Algeria imports around 2 mi...

Sugar production in Brazil's Center-South region fell 50.6% on the year in the second half of October to 858,000 mt, data from Brazilian sugarcane industry group UNICA showed Nov. 10. It is reported by S&P Global Platts. Mills in CS Brazil crushed 17.02 million mt of sugarcane in H2 October, down 36.8% year on year, UNICA said. Sugar's share of the sugarcane crush for...

India's plans to blend 20% ethanol with petrol from April 2023 will help cut sugar export subsidies. Oil Secretary Tarun Kapoor told reporters on Thursday, as reported by Reuters. India on Wednesday approved a proposal to achieve 20% ethanol-blending with gasoline by 2025, five years ahead of its...

The global energy crunch is putting pressure on the sugar market as the world’s top exporters convert more cane into ethanol. It is reported by Bloomberg. Sugar hit a four-year high in October as energy supply shortages roiled commodity markets from magnesium to tomatoes. Facing rampant fuel inflation,...