World news


China's sugar output is expected to rise less than 1% — USDA

Chinese sugar output is expected to rise less than 1% — to 10,7 million tonnes in 2019/2020, as low prices and limited land availability slow production growth. It is reported by U.S Department of Agriculture (USDA). The small growth in production is driven by increased beet output, especially out of Inner Mongolia, the top beet-producing province. Overall...


Egypt's sugar reserves sufficient for 7 months

Egypt has enough reserves of sugar to last for seven months. State news agency MENA reported on Tuesday, quoting Supply Minister Ali Moselhi. The agency said the minister urged refineries to continue to receive sugar beet from farmers and pay on time to ensu...


France sugar beet area decreased by 6%

French farmers are expected to cut sharply their sowings of sugar beet for this year’s harvest while increasing the area for soft wheat and barley, the country’s farm ministry said on Tuesday. It is reported by Hellenic Shipping News. In its first estimate of the 2019 sugar beet area, the ministry pegged sowings at 455,000 hectares, down 6,3 percent from 2018. A smaller sugar beet are...


Indian sugar mills owe record $4,38 billion to cane growers

India's money-losing sugar mills have run up a record $4,38 billion (Rs 30,335 crore) in arrears to 50 million cane farmers, who have gone unpaid for their produce for more than a year. It is reported by Reuters. Years of bumper cane harvests and record sugar production have hammered domestic prices, hitting mills' financial health to such an extent that monies owed to farmers...


US sugar production will decrease by 233 thousand tonnes — USDA

The U.S. Department of Agriculture slightly lowered its forecast of domestic beet and cane sugar production in the current 2018-19 marketing year that ends Sept. 30. It is reported by Baking Business. Beet sugar production was forecast at 4,997 million tonnes, down 7,000 tonnes from March and down 282,000 tonnes, or 5%, from record outturn of 5,279 million ...


EU sugar production expected to fall in 2019/2020 — S&P Global Platts

In 2019/20, total European sugar production may fall from the 18,1 million tonnes S&P Global Platts has forecast for the 2018/2019 season. It is reported by S&P Global Platts. The French sugar beet planted area will fall to 455,000 hectares for the October 2019-September 2020 season, down 6,2% on the year, the French Agricult...


Brazil center-south sugar production decreased by 27%

Brazil’s center-south region produced 26,5 million tonnes of sugar in the 2018/2019 crop, down from 36,06 million tonnes in the prior harvest, cane industry group Unica said on Tuesday. It is reported by Reuters. Mills in the main cane belt in Brazil crushed 573,07 million tonnes of cane versus 596,33 million tonnes and directed more of their production to ethanol instea...


Brazil main cane region seen keeping sugar mix near record-low — Archer Consulting

Mills in Brazil’s main center-south cane growing region are predicted to allocate 36 percent of the 2019/20 crop to sugar production, near last season’s estimated record low of 35 percent, Sao Paulo-based Archer Consulting said It is reported by Reuters. While cane crushers continue to show a preference for ethanol, Archer’s figure is below consensus predictions of a sugar allocation of just below 40 percent in a Re...


ICRA cuts Indian sugar production estimate

Rating agency ICRA has revised downwards its sugar production target for 2019 to 30,7 million tonnes from its earlier estimate of 31,5 million tonnes due to a decline in Uttar Pradesh, the largest growing State. It is reported by BusinessLine. The agency, however, said even at this level, sugar supply will be higher than demand. ICRA on Friday said production may be further hit due to the diversion of &...


Sugar giant Raizen raises $233 mln, agrees $500 mln credit line

Brazil’s Raízen Energia SA, the world’s largest sugar maker, raised 900 million reais ($233 million) using Agribusiness Receivables Certificates (CRA), the company’s chief financial officer told on Monday. It is reported by Reuters. Guilherme Cerqueira, the CFO, said the company initially expected to earn 750 million reais from the operation but raised more due to demand, which exceeded expectations...

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