World news

Romanian sugar producer Zahar Premium, which took over a sugar factory in Ludus (Mures County)  from French Tereos in February 2023, will invest in the next three years around RON 129 million (EUR 26 million) out of which roughly half (48%) was received as a state grant to increase its production capacity and expanding the range of products, Economica announced. «In three years, we will contract more beet from farmers in the region. We will be able to sign contracts for 11-12,000 hectares compared to 8,700 hectares now», — stated t...

Egypt's Sugar and Integrated Industries Company (SIIC) said on Monday it hoped to buy sugar after the Muslim Eid al-Fitr holidays, and would seek new bids from October 7. It is reported by Reuters. «We hope that after the holidays the price will be lower and we can buy another cargo», — Ramadan Suleiman, head of purchasing at state-owned SIIC,...

Britain's competition watchdog said on Tuesday it has provisionally approved the deal for T&L Sugars to buy Tereos UK & Ireland's retail sugar business. It is reported by Reuters. T&L Sugars, which refines and distributes packaged sugar across supermarkets in the UK, bought Tereos' consumer facing operations in the UK and a distribution fac...

India's gross sugar production is estimated to decline 2 per cent to 33.3 mln tonnes in 2024-25 marketing year starting October, according to industry body ISMA. The estimate was released after comprehensive analysis of satellite imagery, field reports on expected yields, sugar recovery rates, drawal percentage, the impact of rainfall from previous and current...

India will make a decision on sugar industry calls for a hike in the minimum selling price (MSP) in the coming days, a senior government official said on Saturday, adding that ethanol policies would be set before the start of the next season. It is reported by Reuters. India, the world’s largest sugar consumer, restricted the use of sugar in ethanol production during the 2023/24 marketing year that ends on Sept. 30 and also prohib...

The Philippines has been allowed to export 145,235 tonnes of raw cane sugar at lower tariff rate to the United States for the second straight fiscal year, the Office of the US Trade Representative (USTR) said. It is reported by philstar. The Philippines secured the third largest allocation from the USTR for fiscal year 2025, which runs from Oct. 1 until Sept. 30, 2025, behind Dominican Republic (189...

The global sugar market is expected to have a smaller-than-anticipated supply surplus in 2024/25 (Oct-Sept) despite rising production in Asia, due to a significant reduction on the Brazilian crop, broker StoneX said on Wednesday. It is reported by xm.com. StoneX cut its projection for Brazil's Centre-South sugar output by nearly 2 million tonnes to 40.5 million tonnes due to this year's lower quality of th...