World news

Suedzucker, Europe’s largest sugar producer, on Wednesday reported lower first-quarter earnings due to the coronavirus pandemic, but remained optimistic that profits would rise in its full financial year. It is reported by Reuters. Suedzucker announced that preliminary group operating profits dropped to 49 million euros ($59.37 million) in the first quarter in its 2021/22 year ending May 31, from 61...

Vietnam has imposed an anti-dumping levy of 47.64% on some sugar products from Thailand for five years to replace a temporary tax introduced in February, the country’s industry and trade ministry said on Wednesday. It is reported by Reuters. The decision comes after the ministry finished an anti-dumping investigation that started last September on behalf of the domestic industry. The probe showed that subs...

Brazil's center-south region produced more sugar and nearly 10% more ethanol late in May than seen a year earlier, as the dry weather allowed for a quick cane processing pace, industry group Unica said in a bi-weekly report on Thursday. It is reported by Nasdaq. Mills in the region produced 2.62 million tonnes of sugar in the second half of May, 2.6% more than a year ago and slightly above market expectations. Ethanol production r...

Ethanol production in the second half of May in Brazil's key Center-South is expected to increase 3.3% on the year to 1.88 billion liters. It is reported by S&P Global Platts. Sugar production in the second half of May in Brazil's key Center-South region is expected to total 2.590 million tonnes, a slight annual increase of 1....

The potential implication of a reduced workforce, coupled with news of sugar refineries facing hiccups, drew concerns over ongoing delays in Malaysia's sugar exports. It is reported by S&P Global Platts. In a bid to curb the surge in COVID-19 infections in Malaysia, the government announced a two-week nationwide lockdown starting June 1. Under the governm...

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 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...

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’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...