World news

Suedzucker on Thursday confirmed a forecast made last month for a strong profit increase in its current financial year on hopes cost savings, strong EU demand and rising sugar prices will lift its core business despite the impact of coronavirus. It is reported by Reuters. Europe’s largest sugar refiner forecast in April that operating profit in its 2020/2021 financial year starting in March would rise to between 300 and 400 million e...

Thailand’s cane output in the 2019/20 season was the lowest in a decade, as prolonged drought undermined yield, a Thai cane and sugar agency said on Wednesday. It is reported by Reuters. Thailand, the world’s second-largest sugar exporter after Brazil, crushed 74.89 million tonnes of sugarcane in the season that ended earlier this month, producing o...

Sugar production in India has registered a decline of 20% at 24,7 million tonnes as of April 15, as the season that started on a bleak note last October, nears its end. It is reported by Business Today. In November, sugar production was lower in the country by over 64% as unseasonal rain and floods had damaged crops in the south and western regions of the cou...

India's sugar production dropped by 22% — to nearly 23,3 mln tonnes in the first half of the current marketing year ending September on lower cane production, industry body ISMA said on Wednesday.  It is reported by LiveMint. Sugar marketing year runs from October to September. The country produced over 33 mln tonnes of sugar in 2018-19 but output is estimated to decline to 26 ...

French sugar and ethanol group Cristal Union said on Friday it was running at low capacity due to a slump in ethanol demand, despite a rise in table sugar output and a surge in production of pharmaceutical alcohol to make sanitary gel. It is reported by Reuters. Global ethanol producers have been suffering from a slump in margins on the fuel linked to concerns over the economic impact of the coronavirus outbreak and the recent co...

International sugar trader Czarnikow cut its estimate for global sugar consumption this year by nearly 2 million tonnes, saying the coronavirus pandemic will reduce overall sugar use in countries that imposed lockdowns. It is reported by Reuters. In a note to clients, the global trader headquartered in Britain said it is reducing by 5% the expected sugar consumption in countries such as China, Germany, France, Ita...

French group Tereos, the world’s third-largest sugar maker, has asked regular suppliers for a 7% price reduction to help it through difficult conditions created by tumbling sugar prices. It is reported by Reuters. Like many of its European peers, Tereos has felt pressure from sliding global prices coinciding with a surge in supplies, partly due to the scrapping of European Union pr...

S&P Global Platts Analytics forecasts total 2019-20 EU sugar production will be down 428,000 mt on the year at 17.502 million mt as a result of dry conditions early in the season and heavy rainfall late in the season, meaning beet yields did not offset a reduced planted area in the main producing countries of France and Germany. It is reported by press-service of S&P Global Platts However, in the UK, AB Sugar said the campaign was "entering its final stages and is progressing well". British Sugar owne...