World news

The United States will expand a quota for Brazilian sugar to be imported at a lower tax rate by 80,000 tonnes, in exchange for South America’s largest country opening to more U.S. ethanol, Brazil’s President Jair Bolsonaro said on Monday. It is reported by Reuters. The Office of the U.S. Trade Representative did not respond to a request for comment. Bolsonaro’s remark on Twitter comes after Brazil on Sept. 11 said it would...

Sugar group Tereos expects the average yield for its French growers in this year’s sugar beet harvest to fall by about 12% from last year after crop disease hit some growing regions, it said on Friday. It is reported by Reuters. Jaundice disease spread by aphids, which have proliferated due to warm weather, have caused severe damage on some farms. To help a sector already weakened by low price...

The European Union is heading for a significant drop in sugar output this year after fields were devastated by pests and dry weather, making the bloc a net importer and pressuring a fragile sugar industry, analysts say. It is reported by Reuters. Sugar production in the EU and Britain is set to fall to 16,1 million tonnes, down from about 17 million in 2019, mainly due to lower sugar beet output in top producer Fr...

Brazil’s biggest sugar producer Raizen Energia SA is in talks to acquire a local unit of Louis Dreyfus Holding BV. It is reported by Bloomberg. The deal would see Louis Dreyfus swap its Biosev SA sugar subsidiary in return for a minority stake in Raizen, a joint venture between Royal Dutch Shell Plc and Cosan S...

India is facing potential delays in the harvest of its massive sugarcane crop, threatening supply worldwide, as millions of migrant workers needed for the harvest may be scared to travel as coronavirus infections surge throughout the country. It is reported by Reuters. India’s sugar harvest begins in October, when other major producers are winding down. The country’s industry is not mechanized, however, relying on migrant wo...

Brazil allowed a non-tariff quota for ethanol imports to expire on Monday, which will result in U.S. producers having to pay a 20% tariff unless the Brazilian government takes new action. It is reported by Reuters. «The expiry date was today and nothing was decided, but that does not stop the government taking a decision in the next few days», — a government o...