World news

Sugar output in Brazil, the world's largest producer and exporter, is set to slump - and could suffer next year as well - after three frost events hit crops in the country's center-south region in June and July. It is reported by Nasdaq. Brazil has been hit with an unusually harsh winter this year with temperatures dropping to freezing levels for several days, hurting crops from corn to coffee and sugar ca...

Indian traders for the first time have signed sugar export contracts five months ahead of shipments as a likely drop in Brazil’s production prompted buyers to secure supplies from the South Asian country in advance. It is reported by Reuters. Sugar production in Brazil, the world’s biggest producer and exporter, is likely to drop due to a drought and frost that has damaged the sugarcane crop. Traders...

Brazil’s centre-south (CS) mills produced 2.94 million tonnes of sugar in the first half of July, 2.8% less than a year ago, as agricultural yields in the fields fall way behind last season’s levels, industry group Unica said on Tuesday. It is reported by Reuters. Cane crush in the region was 45.6 million tonnes in the first half of July, 2.3% less than a year ago, while ethanol production increased 1.1% to 2.16 billion liters, Uni...

Sugar production in the key Center-South Brazil region is expected to total 2.951 million tonnes in the first half of July, down 2.6% year on year, an S&P Global Platts survey of 10 analysts showed July 21. It is reported by S&P Global Platts. Of the analysts surveyed, the cane crush estimate ranged from 42.3 to 47.7 million tonnes. The average estimate was for a total cane crush of 45.2 million t...

Dubai’s Al Khaleej Sugar Co., owner of the world’s largest port-based sugar refinery, received the green light to build a factory in Spain, extending its reach beyond the Middle East and North Africa. It is reported by Bloomberg. The company plans to start construction of the plant in Merida next year, said Managing Director Jamal Al Ghurair. The agreement between its subsidiary Iberica Sugar Co...

The CEO of Suedzucker, Europe’s largest sugar refiner, on Thursday reaffirmed expectations of better full-year profit on hopes the economic impact of the pandemic will subside in coming months. It is reported by Reuters. COVID-19 vaccination levels are continually rising worldwide, despite regional differences, CEO Niels Poerksen told Suedzucker’s online shareholders’ meeting....

India's sugar inventories have been depleted by 19% and the country could start the 2021/22 marketing year with lowest the stocks in four years after mills exported a record amount in the current year, a leading trade body said on Wednesday. It is reported by Reuters. Lower inventories could support local prices and may reduce exports in the next marketing year from the world's second biggest sugar producer, in turn supporting glob...

The US Department of Agriculture in its July 12 World Agricultural Supply and Demand Estimates report slashed from June its forecast of 2021-22 (beginning Oct. 1, 2021) domestic sugar production but raised forecast imports sharply with the net result of boosting forecast 2021-22 ending stocks by 14% for a 13.5 ending stocks-to-use ratio. It is reported by Food Business News. Domestic sugar production in 2021-22 was forecast at 9,008,000 tons, down 302,000 tons, or 3.2%, from the June forecast, including beet sugar at 5,033,000 tons...

The sugarcane production in Maharashtra may go up by at least 23,7 million tonnes this year, and sugar factories in the state may have to work additionally for half a month to crush the produce, the president of the National Federation of Cooperative Sugar Factories (NFCSF) Jayprakash Dandegavkar said on Tuesday. It is reported by The Economic Times. The federation's estimation was based on water availability and the monsoon predicted this year, the official said, adding that the production is expected...