World news

 
Thailand's sugar cane output decreased by 11%

In 2020/2021, Thailand's sugar cane output decreased by 11%, compared to the previous crop year. It is reported by bangkokpost. Thai sugar cane output is expected to fall significantly this year because of drought, but millers and farmers may be able to cope with the decrease thanks to th...

 
India accelerates the push towards renewables

India has brought forward its target of blending gasoline with 20% ethanol by five years, in its efforts to accelerate the push towards renewables and make the overall energy basket cleaner, Prime Minister Narendra Modi said. It is reported by S&P Global Platts. Speaking on the occasion of the World Environment Day over the weekend, Modi said the country would now aim to achieve the target of 20% blending by 2025, i...


Cristal Union confirms annual profit

France’s second-largest sugar maker Cristal Union on Monday posted a 69 million euro ($84 million) net profit in the 2020/21 financial against an 89 million euro loss a year earlier. It is reported by Reuters. Its turnover was up 3.8% at 1.7 billion euros in the year to Jan. 31 while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 201 mill...

 
India brings forward by 2 years 20% ethanol blend to gasoline

India’s government will bring forward to 2023 from 2025 the possibility of fuel companies selling gasoline containing up to 20% of ethanol (E20), according to brokers and a publication in the country’s official gazette on Wednesday. It is reported by Reuters. It is the second time India’s government anticipates sales of the E20 fuel, which originally would happen only in 2030, as the country seeks to cut its oil import b...

 
France sees no easy fix for sugar beet disease without neonicotinoids

None of the alternatives to neonicotinoids for protecting sugar beet crops works well enough on its own, France's health agency ANSES said on Wednesday, as the country looks for ways to do without the chemical seen as harmful to bees. It is reported by Reuters. France suspended its ban on the use of neonicotinoids on sugar beet crops until 2023 at the latest to help farmers and sugar makers who saw a slump in output after virus...


France's Tereos seeks to exit ventures in China, Romania

French sugar producer Tereos is seeking to exit its ventures in China and Romania as part of a wider move by the new management to divest some international assets to lighten the group’s heavy debt and boost profitability. It is reported by Reuters. Tereos, the world’s second largest sugar producer by volume, reshuffled its top management since an extraordinary meeting in December dismissed its chief executive....

 
Brazil sugar production 2021/2022 is forecast to drop 5% — USDA

Brazil sugar production is forecast to drop 5 percent to 39.9 million tons due to a reduced volume of sugarcane for crushing. It is reported by the US Department of Agriculture (USDA) in its May report. Unfavorably dry weather and incidence of fire outbreak in the fields has lowered volumes. In addition, steady grain...

 
Mexico sugar production is forecast slightly lower in 2021/2022 — USDA

Mexico sugar production is forecast slightly lower to 6,2 million tonnes due to lower sugarcane yields as a result of ongoing drought and poor soil quality. It is reported by the US Department of Agriculture (USDA) in its May report. Consumption is gradually decreasing due to a weak economy and high inflation. Exports are forecast higher, with shi...

 
Global sugar production 2021/2022 is forecast up 6 million tonnes — USDA

Global sugar production is forecast up 6 million tonnes to 186 million tonnes as higher production in the EU, India, and Thailand will more than offset the decline in Brazil. It is reported by the US Department of Agriculture (USDA) in its May report. Consumption is forecast to rise to a new record due to growth in markets such as China and India. Exports are forec...

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