World news

Sugar production in the European Union is forecast to rise in the 2021/22 season leading to an increase in stocks of the sweetener, the European Commission said on Tuesday in a short-term outlook report. It is reported by Nasdaq. The EU's executive projected white sugar production would rise to 15.5 million tonnes in 2021/22, up from the prior season's 14.5 million. Sugar beet yields wer...

Frosts were reported in Brazil's sugarcane, coffee and corn areas on Wednesday, analysts and weather agencies said, as the country saw very low temperatures all the way from the southernmost state of Rio Grande do Sul to the northern part of São Paulo. It is reported by Reuters. «It has been a long time since we saw this kind of frosts in Brazil», — Rural Clima's meteorologist Marco Antonio dos Santos said in a note to...

Brazil’s 2021/22 centre-south (CS) sugar production was revised to 34.1 million tonnes from an April projection of 35.6 million tonnes, as persistent dry weather hurt cane development, food trader and supply chain services provider Czarnikow said on Tuesday. It is reported by Reuters. According to the report, Brazilian millers will be able to crush only 535 million tonnes of sugar cane this season, the smallest amount since 2012. Czarnikow’s prev...

Sugar cane output for the 2021-22 crop year is expected to drop below 100 million tonnes as sugar millers are offering higher prices amid tough competition to buy crops. It is reported by Bangkok Post. Drought is a major factor reducing yields, which will affect sugar production and exports. Even in the wet season, Thailand will see less rainfall this year,...

The sugar beet yield in this year’s European Union harvest is expected to drop 2.5%, the EU’s crop monitoring service said on Monday. It is reported by Hellenic Shipping News. MARS lowered its forecast for this year’s EU sugar beet yield, now expected at 73.6 t/ha, compared to 75.5 t/ha forecast last month.

The Indian government's plan to gradually increase ethanol blending in gasoline, as a way to cut pollution and reduce its oil import bill, could be the largest change in the global sugar market since Europe's sugar reform, and possibly drive a bull market. It is reported by Reuters. According to a report released on Monday by food trader and supply chain services provider Czarnikow Group, India's ethanol program will lead the government to end su...

Suedzucker, Europe’s largest sugar producer, on Wednesday reported lower first-quarter earnings due to the coronavirus pandemic, but remained optimistic that profits would rise in its full financial year. It is reported by Reuters. Suedzucker announced that preliminary group operating profits dropped to 49 million euros ($59.37 million) in the first quarter in its 2021/22 year ending May 31, from 61...

Vietnam has imposed an anti-dumping levy of 47.64% on some sugar products from Thailand for five years to replace a temporary tax introduced in February, the country’s industry and trade ministry said on Wednesday. It is reported by Reuters. The decision comes after the ministry finished an anti-dumping investigation that started last September on behalf of the domestic industry. The probe showed that subs...

Brazil's center-south region produced more sugar and nearly 10% more ethanol late in May than seen a year earlier, as the dry weather allowed for a quick cane processing pace, industry group Unica said in a bi-weekly report on Thursday. It is reported by Nasdaq. Mills in the region produced 2.62 million tonnes of sugar in the second half of May, 2.6% more than a year ago and slightly above market expectations. Ethanol production r...