World news

Sugar beet growers now have a choice of approved insecticides for controlling aphids carrying beet yellows virus  following the approval of InSyst. It is reported by Farmers Weekly. Following the loss of Biscaya (thiacloprid), growers were down to just one authorised foliar product – Tepekki (flonicamid) – with just one application...

French sugar and ethanol group Tereos on Wednesday reported a jump in third-quarter core earnings as high prices helped offset a poor harvest in Brazil. It is reported by Reuters. Tereos, the world's second largest sugar maker by volume, said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter ending D...

The Philippines plans to import 200,000 tonnes of standard and bottler's grade refined sugar to address a supply shortfall caused by crop damage from a powerful typhoon that hit plantations in December, the industry regulator said on Tuesday. It is reported by bangkokpost. The Sugar Regulatory Administration (SRA), in a statement, said the Philippines was bracing for a "very tight" sugar stock balance, which will not cove...

In 2022/23 the global sugar consumption is expected to be 5.15 million tonnes larger than seen before the pandemic in 2018/19. It is reported by Reuters. The global sugar market is expected to have a second year of small supply surplus in 2022/23 (October-September) as high benchmark prices and good weather boost...

Brazil’s largest sugar-producing region is suffering from a second year of record drought, threatening to cause another short crop in 2022/23 that could prolong high sugar prices. It is reported by gro-intelligence. The Gro Drought Index (GDI) shows that sugarcane-growing areas of São Paulo state, which produces more than half of Brazil’s total sugarca...

Europe's largest sugar producer Suedzucker confirmed a rise of about 90% in third quarter operating profit on Thursday as an improved sugar market boosted earnings. It is reported by Reuters. Suedzucker said operating profit in the three months to Nov. 30 rose to 127 million euros ($145.30 million) on sales up 17.4% to 2.04 billion euros. Suedzucker repeate...

Chinese sugar imports will remain low and sharply below last year's levels, despite the recent weakness in raw sugar futures, as the sweetener's prices in China fall and ocean freight stays expensive, sugar consultancy CovrigAnalytics said on Tuesday. It is reported by Reuters. «The drop in Chinese domestic prices is not surprising as domestic production is picking up and on a seasonal basis shall reach a peak by the end of January»,...

Indian sugar mills have produced 11.56 million tonnes of sugar in the first three months of 2021/22 marketing year, up nearly 4.3% from the same period a year earlier, a trade body said. It is reported by Nasdaq. India is the world's second-biggest sugar producer and the higher output could weigh on global prices. Sugar mills have so far contracted to export about 4 million...

French sugar and ethanol group Tereos said on Monday its subsidiary Tereos Finance Groupe I intended to issue 300 million euros ($340.17 million) in senior unsecured notes, subject to market conditions, to repay some of its existing debt. It is reported by Reuters. The bond would be due in 2027, it said in a financial release posted on its website. The group had already issued similar notes in October 2020, due in 2025. Tereos, t...

The Thai sugar market is eyeing a return to strength in 2022 after two consecutive years of drought, but will likely face logistical challenges in securing freight to export its surplus supply to buyers in the region as well as competition from cargoes from India and Brazil. It is reported by S&P Global Platts. Thailand's crop prospects for the marketing year 2021-22 (October-September) are expected to improve after increased rainfall in September, and exp...