World news


ISMA reduced India 2019/2020 sugar output forecast by 5%

The Indian Sugar Mills Association (ISMA) reduced its 2019/2020 sugar production forecast by 5%, compared to the previous expectations. It is reported by Reuters. India is expected to produce 26,85 million tonnes of sugar in the current year that began in October 2019, a 5% drop compared to a previous estimate of 28,2 million tonne...


Global sugar deficit 2019/2020 will reach 7.7 million tonnes — INTL FCStone

The production drop in India will lead to a larger global sugar supply deficit in 2019-20 of 7.7 million tonnes, a development seen as crucial in reducing large stocks in some producing countries that have been pressuring international prices. It is reported by Reuters. India’s 2019-20 sugar production should fall to 26.9 million tonnes, 1.3 million tonnes below an August projection, due to unfavorable weather conditions, broker an...


Suedzucker raises earnings outlook

Suedzucker, Europe’s largest sugar refiner, on Friday raised its forecast of operating profits in its current financial year as environmental concerns have boosted demand for biofuel ethanol enough to partially offset weakness in the sugar sector that is slumping due to a global glut of the sweetener. It is reported by Reuters. «We are seeing robust demand for bioethanol in several European countries, — a Suedzucker spokesman said, — In the current debate about protecting the c...


BP still aiming to close Brazil deal with Bunge in 2019

BP Plc is still looking to close its deal with Bunge Ltd to merge sugar and ethanol assets in Brazil in 2019, so the companies can go on to plan their operations together for the new cane season that starts in early 2020. It is reported by Reuters. BP’s chief executive for biofuels, Mario Lindenhayn, told reporters on the sidelines of Datagro’s sugar conference in Sao Paulo the oil major was just waiting...

 
COFCO expands ethanol capacity in Brazil

Chinese commodities trader COFCO International is investing in its cane processing plants in Brazil to expand ethanol production, as it expects that next season the fuel will again give better returns than sugar. It is reported by Reuters. COFCO is building new distillation columns and tanks at three of its four plants in Brazil, to increase ethanol capacity, the company’s global head of soft commodit...

 
Italy to tax sugar drinks

Italy’s 2020 budget will include new taxes on plastic and sugary drinks designed to raise 1,3 billion euros, government officials said on Monday, prompting protests from producers. It is reported by Reuters. Taxes on sugary drinks, intended to raise revenues while also addressing health issues such as obesity, diabetes and tooth decay, have already been adopted in many countr...

 
India 2019/2020 sugar production will decrease by almost 15% — USDA

As per latest data compiled by United States Department of Agriculture (USDA), India sugar production will decline for the second consecutive year to 29,3 million tonnes, which is 14,6% below the previous season. It is reported by Indiainfoline. Additionally, as compared to the previous season (MY2018/2019), a lower than expected diversion of cane for sugar production (due to limited cane availability in Ma...

 
Dutch Suiker Unie will extract protein from sugar beet leaves

Dutch sugar beet processor, Suiker Unie, has officially put its Green Protein Demo Plant into operation, producing protein from sugar beet foliage. It is reported by Food and Drink International. Green plant leaves contain between 1% and 3% protein. A new process developed and patented by TNO, the Netherlands Organisation for Applied Scientifi...

 
Philippines seen to import 400,000 tonnes of sugar

The Philippines is seen importing as much as 400,000 tonnes of sugar for the current crop year as local production will not be able to cover increasing demand. It is reported by PhilStar. In the latest report of the US Department of Agriculture-Foreign Agricultural Service, the Philippines is expected to buy the same level of sugar it imported last crop y...

 
Maharashtra to see low 2019/2020 sugar production

The sugar output in Maharashtra will be lower than expected after the floods damaged crops and as some farmers sell cane for feed. It is reported by BusinessLine. Production in the state may total to 5,3 million tonnes in the year starting October 1, compared with a previous estimate of 6,44 million tonnes, said Shekhar Gaikwa...

Search