World news


Brazil sugar firm Sao Martinho cuts view for cane crush growth

Brazilian sugar and ethanol company Sao Martinho SA cut its estimate for cane crush growth in the new season that starts in April to 5% from 10% expected in December due to below-average rains in the center-south region. It is reported by Reuters. Sao Martinho’s Chief Financial Officer Felipe Vicchiato said that it expects sugar prices to improve in coming months due to expected reductions in production...


Global sugar deficit in 2019/2020 seen at 1,36 million tonnes — Green Pool

The world sugar market is on course for a shortfall of 1,36 million tonnes, analyst Green Pool said on Friday in its first forecast for the 2019/2020 season. It is reported by Reuters. It also trimmed its projection for the global surplus in 2018/2019 to 2,64 million tonnes from a previous forecast of 3,6 million tonnes. There was a surplus of 1...


"Sugar World 2019" is the main business platform on Ukraine and Eastern Europe sugar market

3rd International Congress "Sugar World 2019" will be held on February 27 and the organizer is National Association of Sugar Producers of Ukraine. "International Congress for sugar beets producers and processors is the main business platform on Ukraine and Eastern Europe sugar market. The key players of the market are gathered every year in...

 
ABF raises estimate for British sugar production

Sugar production in Britain is expected to total 1,15 million tonnes this year, Associated British Foods said in a trading update on Thursday. It is reported by Reuters. The parent of British Sugar — the only British producer of sugar from domestic beet — had forecast in November that production would total only 1,05...

 
Germany's Nordzucker reported about a slump in earnings

Germany’s second-largest sugar refiner Nordzucker on Tuesday was the latest European producer to report a slump in earnings following a collapse in prices. It is reported by Reuters. Unlisted Nordzucker said net profit fell to about 17 million euros ($19,6 million) in the nine months to end November 2018 from around 143 million in the same year-ago pe...


Indonesia reduced 2019 raw sugar import quota

Indonesia sets raw sugar import quota of 2,83 million tonnes for industrial use in 2019, Trade Ministry official said on Friday. It is reported by Reuters. The quota will be reviewed every three months and adjusted if needed, said Oke Nurwan, director general of international trade. Indonesia has set raw sugar imports quo...

 
Lithuania's Nordic Sugar Kedainiai to invest EUR 12 mln into plant upgrade

Nordic Sugar Kedainiai, a Lithuanian company own by Nordic Sugar, one of the largest sugar producers in Europe, plans to invest 12 mln euros into its plans upgrade. It is reported by The Baltic Course with the reference to LETA/BNS. Around 5 mln euros will be investment into a new sugar beet handling and washing technological line, and around 7 mln e...

 
India's sugar output may drop next year as drought cuts cane planting

India’s sugar production could fall in 2019/2020 as farmers are struggling to plant cane because of a drought in two of the country’s top producing states, according to multiple industry officials and traders. It is reported by Reuters. A drop in production would slash exports from the world’s second-biggest sugar producer and support global prices that have fallen 15 percent so far in 2018. &la...

 
Kenya resumed sugar production after last year's drought

Kenya sugar production increased by 45 percent in the year to October following improved supply of raw material in the factories. It is reported by Business Daily. A monthly Sugar Directorate report indicates the quantities produced between January and October increased to 411,567 from 284,036 in the corresponding period last...

 
Nigeria lacks production capacities to meet sugar demand

The Executive Secretary of the National Sugar Development Council, Latif Busari, says Nigeria needs about 250,000 hectares of land for sugarcane cultivation and 28 factories of varying capacities to become self-sufficient in food and industrial demand for sugar. It is reported by Daily Trust. He said Nigeria had the potential of becoming a net exporter of sugar if the capacity of the existing sugar plants was enhanced; and new plants established and sugarc...

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