World news

Suedzucker, Europe's largest sugar producer, gave an upbeat outlook for its new financial year with a stronger EU sugar market expected to improve its performance. It is reported by Reuters. Suedzucker gave a new forecast of group operating profit for its 2021/22 fiscal year starting on March 1 of between 300 million and 400 million euros ($365.58-$487.44 mil...

India on Thursday cut sugar export subsidies by 31.4% for the season that ends on Sept. 30, according to a government order issued by the Ministry Of Consumer Affairs, Food And Public Distribution. It is reported by Reuters. Late last year, India, the world’s biggest sugar producer behind Brazil, approved subsidies of 5,833 rupees ($79.87) per tonne to encourage cash-strapped mills to e...

Brazilian sugar and ethanol plants are likely to temporarily reduce sugar production volumes as a way to increase ethanol output to address increasing demand and high prices for the biofuel in the country, consultancy Datagro said on Wednesday. It is reported by Nasdaq. Analyst Plinio Nastari said during the Santander ISO Datagro New York Sugar and Ethanol Conference that financial returns on sales of anhydrous ethanol, the type that is b...

In Germany, the area under sugar beets increased by 3% compared to last year. It is reported by Nasdaq. Germany's sugar beet sown area for the 2021 harvest has been increased by 3.2% on the year to some 398,000 hectares, Germany’s national statistics office said on...

The resurgence of COVID-19 cases in India highlights the ongoing concerns about the logistical challenges dampening the demand for sugar of Indian origin. It is reported by S&P Global Platts. India is currently experiencing a second wave of COVID-19 infections, with 403,738 new cases and 4,092 deaths reported on May 9, according to data from...

Insecticide Insyst (acetamiprid) has received an emergency authorisation from the government following an application by the NFU and British Sugar. It is reported by farminguk. Sugar beet growers can use one application of Certis’ insecticide InSyst to control peach–potato aphid to prevent virus yellows infection this year....

Sugar production in the second half of April in Brazil's key Center-South region is expected to total 1,483 thousand mt, a plunge of 27% year on year. It is reported by S&P Global Platts. If analyst estimates prove to be right, this would be the lowest volume of sugar produced in any H2 April since the CS crop 2017-18, when 1,132 thousand t w...

The global sugar supply crunch is about to get worse amid a food-versus-fuel debate playing out in top exporter Brazil. It is reported by Bloomberg. The South American nation is seeing record prices for ethanol as consumers there take advantage of easing Covid-19 restrictions and travel again, increasing consumption...

With Cuba’s sugar harvest poised to draw to a close as the coronavirus pandemic rages, production stands at little more than two-thirds of planned levels, an industry official said on Monday, indicating the smallest crop in more than a century. It is reported by Reuters. In yet another blow to the ailing Cuban economy, Jose Carlos Santos Ferrer, first vice president of state sugar monopoly AZCUBA, told the state Cuban News Agency that as...

Sugar production in the key Center-South Brazil region is expected to total 650 thousand tonnes in the first half of April, a decrease of 33% year on year, an S&P Global Platts survey of 11 analysts showed April 26. It is reported by S&P Global Platts. Of the 11 analysts surveyed, two large trading houses estimated the total cane crush would be between 9 million tonnes and 22б7 million tonnes. Th...