World news

India is likely to produce around 30.5 million tonnes of sugar in the season which on Oct. 1, 1.6% lower than a previous industry estimate, a leading producers' body said on Thursday. It is reported by Nasdaq. The Indian Sugar Mills Association (ISMA) in June said mills were expected to churn out 31 million tonnes of sugar in the 2021/22 season. Estimates of higher diversion...

The Michigan Sugar Company is predicting a record year for the beet harvest. It is reported by upnorthlive. According to officials, the record yield for the 2021 sugarbeet crop could be 34 tonnes of per acre, up from the previous record 31.64 tonnes per acre set in 201...

India's mills need to export 6 to 7 million tonnes of sugar without government incentives in 2021/22 to bring down inventories and ensure domestic prices remain firm despite surplus production. It is reported by Nasdaq. Sugar exports by the world's second biggest producer could cap global prices SBc1LSUc1, which hit a 4-1/2 year high this month on expectations that supplies from...

Brazilian mills crushed only 19.69 million tonnes of sugarcane in the first half of October in the center-south, 46% less than a year ago, as rains hampered activities and companies end the 2021/22 season earlier due to lower cane volumes. It is reported by Nasdaq. According to industry group Unica, s ugar production in the period was at 1.14 million tonnes, 56% less than a year ago. Ethanol production was 1.23 billion liters, 40% le...

French sugar producers may not fully benefit from the recent surge in sugar prices due to lower sugar content in the beet crop now being harvested and high energy prices expected to increase production costs, producers said. It is reported by Successful Farming. Global sugar prices are hovering near four-year highs , buoyed by prospects of a large global sugar deficit this season after a poor harvest in top producer Br...

Egypt's strategic sugar reserves are enough for six months. It is reported by Reuters. Egypt's strategic sugar reserves are enough for six months of consumption, a senior official in the ministry of supply and internal trade told on Monday.  

France’s farm ministry on Tuesday raised its estimate of the country’s 2021 sugar beet crop. It is reported by Reuters. In a monthly crop report the ministry raised its sugar beet crop estimate to 34 million tonnes from 33,1 million seen a month ago.

The U.S. Department of Agriculture (USDA) increased on Tuesday its projection for sugar production in the United States in the 2021/22 season by 124,000 short tonnes to 9.28 million short tonnes due to better than expected beet production. It is reported by Reuters. In its monthly supply and demand report, the USDA said that agricultural yields for beet in parts of the country have gone up, particularly in the Upper Midwest, where ou...

India may be the only country able to fill a looming global supply gap for sugar as the Brazilian crop ends, making the world's sugar market grateful for the Asian country that was once viewed as a threat to the market's stability. It is reported by Reuters. «Without India filling this gap, from November to March or April, the global sugar market would have a serious problem», — said Paulo Roberto de So...