World news

The International Sugar Organization on Monday forecast a global sugar deficit of 4,76 million tonnes in the 2019/2020 season, driven partly by lower production in India and Thailand. It is reported by Reuters. The inter-governmental body, in its first full outlook for the 2019/2020 season which begins on Oct. 1, saw global production falling by 2,35% — to 171,98 million t...

More than 600,000 tonnes of cane has been crushed so far from the three mills around the country. It is reported by FBC news. According to the Fiji Sugar Corporation, the Lautoka Mill has crushed 239,357 tonnes of cane, producing 22,058 tonnes of sugar. The FSC states that Lautoka has operat...

In 2019/2020 MY, the Philippines sugar production will continue to decline and consumption will increase, so the need for sugar imports will increase. Local raw sugar production slightly declined last month to 2,07 million tonnes, but still within the target set by the Sugar Regulatory Administration. While local sugar supply has met industry tar...

Brazilian sugar producers have hedged only 58% of their expected exports in the current season, the lowest level in eight years, as low prices reduce the use of futures contracts by mills as a way to guarantee future revenue. It is reported by Nasdaq. According to a report released on Wednesday by Brazil-based Archer Consulting, Brazilian sugar companies have sold forward in New York's ICE the equivalent of around 1...

World sugar supplies are expected to tighten as production declines in 2019-20, but large stocks and indications of declining demand growth may limit recovery in a market battered by low prices, said Jose Orive, executive director of the International Sugar Organization. It is reported by BakingBusiness. «World sugar prices have hit bottom, and signs are pointing to a recovery», — Mr. Orive said Aug. 5 on a panel at the 36th annual International S...

With yields plunging, sugar beet growers in United Kingdom may discontinue growing crop in wake of neonicotinoid insecticide ban. It is reported by geneticliteracyproject. Sugar beet is a crop that has always demanded close attention to grow well, but Norfolk grower Mark Means has taken that meaning to a whole new level....

Analyst Green Pool has raised its forecast for an anticipated global sugar deficit in the 2019/20 season to 3,67 million tonnes from a previous projection of 1,62 million tonnes. It is reported by Reuters. The Australia-based analyst said on Friday that the main changes to its balance sheet were reductions in crop forecasts for Centre-South Brazil and India. Sugar produc...

Canal Sugar, owned by Dubai-based Al Khaleej Sugar Refinery, plans to complete a beet sugar factory - designed to be the world’s biggest - in Egypt’s west Minya in October 2020. It is reported by Reuters. The UAE’s Al Khaleej Sugar Refinery is the world’s largest port-based sugar refinery. Production at half capacity is expected to begin in 2021 and reach fu...

Farmers who own shares in Australia’s Mackay Sugar have voted to accept a takeover offer from Germany’s Nordzucker, helping secure the company’s future against a backdrop of depressed world sugar prices. It is reported by Reuters. The offer was approved by a 75% majority of Mackay’s shareholders, they said in a statement on Monday. Unlisted Nordzucker, Germany’s second-largest sugar...

Monsoon rains were 35% below average in the week ending on Wednesday, with little rainfall over the central, western and northern parts of the country, the weather office said, raising concerns over the output of summer-sown crops. It is reported by Business Standard. Monsoon rains are crucial for farm output and economic growth as about 55% of India's arable land is rain-supplied and agriculture forms about 15% of a $2.5...