World news

Suedzucker affirmed preliminary results showing its fiscal first-quarter operating profit rose 30% to 61 million euros, helped by higher sugar prices, cost savings and demand for frozen pizzas and functional dietary fibres during lockdown. It is reported by Reuters. Suedzucker on Thursday said the positive impact of panic-buying at the outset of the coronavirus pandemic had faded and was increasingly overshadowed by lower demand from...

Sugar production in Brazil's center-south region reached 10.57 million tonnes so far in the 2020-21 season that began in April, 57% more than in the previous season, industry group Unica said on Wednesday. It is reported by Nasdaq. Mills in Brazil continue to push for maximum sugar output at the expense of ethanol, with cane allocation for production of the sweetener reaching near a record 47% early...

French sugar maker Cristal Union, Europe’s fourth-largest sugar group, on Tuesday reported a net loss of 89 million euros ($100 million) for its 2019/20 financial year reflecting low sugar prices and exceptional costs. It is reported by Reuters. Its revenue fell 6% to 1.6 billion euros for the year ended January 31, the cooperative group said. Cristal Union last year decided to shut two sugar factories in Fran...

Mills in the main sugar belt in Brazil kept producing as much sugar as possible late in May, driving cumulative output of the sweetener so far in the season to a 65% growth from a year earlier, industry data showed on Friday. It is reported by Reuters. Brazilian mills produced 8 million tonnes of sugar in the first two months of the new crop, up from 4.8 million a year earlier, cane industry group Unica said. Mills a...

Dry spring weather and early pest attacks have hurt sugar beet crops in the European Union (EU) where farmers discouraged by low returns had already reduced sowings, but good summer weather could limit losses, growers said. It is reported by Successful Farming. It was too early to give precise estimates as sugar beets were only entering the key development stage but it was unlikely this year's yields would be abov...

United States sugar imports are projected at 3,09 million short tonnes in the 2020-21 season (October-September), 10,4% less than seen a month earlier, according to data from the U.S. Department of Agriculture (USDA) on Thursday. It is reported by Reuters. In its monthly supply and demand report, the USDA kept U.S. sugar production estimate for the new crop unchanged at 9 million short tonnes — which is 12% more than...

Wet conditions have further delayed the start of the sugar crush on the Burdekin (Queensland, Australia). It is reported by Queensland Country Life. Wilmar's Inkerman Mill was set to fire up on Monday, June 8, after first being delayed from the planned start of Tuesday, June 2. But ongoing...

India's opening sugar stocks for the upcoming marketing year starting Oct. 1 is forecast to drop 21% due to a decline in production over the 2019-2020 season amid low rainfall. It is reported by S&P Global Platts. According to the Indian Sugar Mills Association June 2, opening sugar stocks for the season starting Oct. 1 is forecast to fall to 11,5 million mt, reflecti...

Mills in India, the world’s biggest sugar producer, are likely to churn out around 27 million tonnes of sugar in the current season that began on Oct. 1, 2019, up from the previous forecast of 26,5 million tonnes, the Indian Sugar Mills Association (ISMA) said in a statement. It is reported by Reuters. India’s sugar output is expected to rise nearly 1,89% this year from a previous forecast as the country-wide lockdown to stem the spread of the new coronavirus has...

Indian mills produced 26,5 million tonnes of sugar between October and May, down 19% from a year earlier, due to lower output in the drought-hit western state of Maharashtra, the Indian Sugar Mills Association (ISMA) said on Monday. It is reported by Reuters. The country is the world's biggest sugar producer and lower output could support global prices. Mills in Maharashtra produced 6 million tonnes of sugar from Oct. 1...