World news

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...

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...