World news

Brazil's sugar cane crushing for the 2023/24 season is expected to increase to 606.5 million metric tons from 598.50 million metric tons previously estimated, consultancy Datagro said on Thursday, as the cane fields are favored by steady rainfall. It is reported by Nasdaq. "Brazil is still gaining tonnage due to the good volume of rainfall observed until early May," which has favored the conditions of cane fields to be harvested at...

India's cabinet on Wednesday approved an increase in the floor price that sugar mills must pay for cane in the season beginning October 1 to 315 Indian rupees ($3.84) per 100 kg, from 305 rupees a year earlier, the country's information minister said. It is reported by sg.news.yahoo.com. «By raising the Fair And Remunerative Price to 315 rupees, the government has ensured that farmers get good returns for their produce», —...

Brazil's center-south sugar production came in roughly in line with market estimates in the first half of June, data from industry group Unica showed on Tuesday, decelerating from the previous fortnight as rains thatdrove a jump in yields now hamper crush operations. It is reported by Nasdaq. Sugar production in the period totaled 2.55 million metric tons, Unica said in a report, up 18.7% from a year earlier and meeting analyst consensus in a survey&n...

Mexican sugar production fell 15% in the current season, which is ending early due to a drought that has sapped crops and impacted yields, producers said Friday, citing official data. It is reported by Nasdaq. Mexico, which exports sugar to the United States, produced 5.22 million tonnes in the 2022/23 season, falling short of the most recent estimate of some 5.43 million tonnes...

Research into alternatives to neonicotinoid pesticides, found to be toxic to bees, is unlikely to deliver a solution capable of fully protecting sugar beet crops for five years, a leading French scientist said. It is reported by Nasdaq. After the beet yellows virus carried by aphids reduced the French harvest by 30% in 2020, and farmers and sugar makers lobbied the government, France suspended a European...

Brazil's Centre-South sugar production in the first half of June is likely to have been capped by rains, according to estimates by analysts, who expect output below that of the previous fortnight. It is reported by Nasdaq. Brazil's sugar and ethanol industry group Unica is expected to release official data on production for that period in the coming days. A survey by S&P Global Co...

India is not considering allowing sugar exports until at least the first half of the next season, as the government is worried the El Nino weather pattern could reduce rainfall and dent production, government sources said on Monday. It is reported by Reuters. India, the world's second biggest sugar exporter, usually decides the amount of the sweetener mills can export before the start of the new marketing year on Oct. 1. T...

Pakistan sugar production for 2023/24 is forecast to rise 250,000 tonnes to 7.1 million due to the recovery in sugarcane area harvested from the flood-damaged crop the year before. It is reported by USDA in its May report. Sugarcane production is forecast up 3 percent to 83.5 million tons due to the expected recovery in area. Favorable prices are encouraging farmers to mainta...

Sugar beet production in the EU is closely watched as sugar prices in the bloc are already trading near record highs following a smaller harvest and increased refining costs last year. It is reported by Genetic Literacy Project. In France, despite promises of higher prices for their beets, farmers cut the planted area in fear of crop damage due to a ban on the use of neonicotinoi...

China production is up 1.0 million tonnes to 10.0 million as favorable weather is expected to result in higher sugarcane yields. It is reported by USDA in its May report. Consumption is forecast up on the assumption that China’s economy will continue recovering and consumer spending will increase. Imports are fore...