World news

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...

The European Union will likely see a further decrease in planted sugar beet this year following the closure of some factories, participants at the annual Dubai sugar conference said on Wednesday. It is reported by Reuters. Sugar production in the trading bloc has fallen for two successive seasons after an initial surge after the EU abolished production quotas in 2017. Prices collapsed as...

The world’s largest plant to process sugarcane, Brazil’s Sao Martinho mill in Pradopolis, Sao Paulo state, could add corn as a second source of raw material to be able to boost its ethanol production, the company that controls the plant said on Tuesday. It is reported by Reuters. Several cane-based sugar and ethanol plants in Brazil are adding machinery to produce ethanol using corn as well, a model seen as profitable because plants use cane waste...

Egypt’s Canal Sugar will produce 400,000 tonnes a year of white sugar when it starts production in the 2021 season, the chief executive said on Monday. It is reported by Reuters. Construction of the company’s sugar beet factory will be completed this year and the project will reach full capacity of 900,000 tonnes of white sugar a year in 202...

Chinese commodities trader COFCO said on Monday it did not predict a recovery in Thailand’s sugar crop any time soon. It is reported by Reuters. COFCO’s Managing Director Softs Marcelo de Andrade made his comments during a panel discussion at an industry conference in Dubai. Thailand’s sugar product...