World news

Thailand’s sugar production in 2019-20 is likely to fall 28% to 10,5 million tonnes from a year earlier, the lowest in nine years, as drought curtailed cane production, head of a leading trade body said on Friday. It is reported by Reuters. The lower production will limit exports from the world’s second biggest exporter and support prices trading near their highest level in 2-1/2 years. Thailand cou...

Indian mills produced 10,9 million tonnes of sugar between Oct. 1 and Jan. 15, down 26% from a year earlier, due to lower production in the drought-hit western state of Maharashtra, the Indian Sugar Mills Association (ISMA) said on Friday. It is reported by Reuters. The country is the world’s biggest sugar producer and lower output could support global prices. Mills in Maharashtra have produced 2,55 million tonnes of sugar,...

S&P Global Platts Analytics forecasts total 2019-20 EU sugar production will be down 443,000 mt on the year at 17.488 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. British Sugar owner AB Sugar said Thursday higher beet yields would offset a drop in planted area in the UK and take 2019-20 (October-...

The U.S. Department of Agriculture on Friday set closely-watched sugar stocks-to-use ratio for 2019-20 at 12,7%, down from 13,5% in the previous month's report. It is reported by Successful Farming. At the same time, the USDA left the 2018-19 sugar stocks-to-use ratio unchanged at 14,5%. In its monthly report, the agency forecast U.S. production in 2019...

According to the reports, sugar production in Mexico is likely to fall by 10% in 2020 as compared to 2019. It is reported by ChiniMandi. The country may witness shortfall in output because of unfavourable weather conditions such as droughts and frosts. The adverse weather conditions have impacted 543...

Brazil's 2019-20 center-south cane crop has been revised up to 589 million tonnes from 571 million tonnes in August, farm statistics agency Conab said on Thursday, citing favorable climate conditions. It is reported by Nasdaq. The agency reduced its projection for center-south sugar output to 27,35 million tonnes from 28,97 million tonnes seen in August, since initial expectations for a higher s...

Rabobank increased its forecast of global sugar deficit in 2019/2020 to 8,2 million tonnes due to declining production in India and Thailand. It is reported by Sugaronline. If Rabobank forecast comes true, the largest sugar deficit will be recorded in season 2019/2020 since 2015/2016 MY. In mid-September, Rabobank predicted the global su...

India's sugar production stood at 4.58 million tonne till December 15 of the ongoing marketing year, down 35 per cent from the year-ago period, owing to sharp fall in output in Maharashtra and Karnataka, industry body ISMA said on Wednesday. It is reported by Business Standard. Sugar marketing year runs from October to September. Mills had manufactured 7.05 million tonne of sugar in the same period of the 2018-19 marketi...

Indonesia is revising its sugar import rules to increase the purity levels for its raw sugar purchases from overseas, said Indrasari Wisnu Wardhana, the Trade Ministry’s foreign trade director general on Wednesday It is reported by Reuters. The ministry’s current rules say raw sugar must have an ICUMSA purity level of at least 1,200 to be considered for import, and Wardhana said this will be lowered to...