World news


Global sugar deficit 2020/2021 will reach 3,5 million tonnes — ISO

The International Sugar Organization (ISO) published its November forecast for 2020/2021 MY world sugar balance, in which the estimate of the global sugar deficit increased to 3,5 million tonnes (in August report the estimate was 0,7 million tonnes). It is reported by ISO in its November report. The projected increase in sugar deficit is due to the lower production estimates in the EU and EAEU countries, as well as Brazil. The current leve...


Tereos posts an improvement in financial results

French sugar group Tereos said on Wednesday it made a net loss of 6 million euros ($7.13 million)in the six months to Sept. 30 versus a year-earlier loss of 21 million euros. It is reported by Reuters. Tereos, the world’s second largest sugar maker in volume, said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 237 million eu...

 
France slashes sugar beet crop forecast by 10%

France’s farm ministry on Monday cut by 10% its forecast for the country’s ongoing sugar beet harvest as it factored in further effects of crop disease and drought. It is reported by Reuters. This year’s sugar beet crop was now projected at 27б2 million tonnes, down from 30б5 million expected last month and 28% below 2019 output, the ministry said in a m...


France sugar beet production will drop by 30% — Cristal Union

France's second-largest sugar producer Cristal Union expects its sugar beet harvest to drop by as much as 30% this year because of crop disease and drought, the cooperative group's chairman said. It is reported by Successful Farming. Jaundice spread by aphids has caused severe damage to sugar beet fields in parts of France, the European Union's largest sugar producer, while summer droug...

 
India intends to increase domestic sugar consumption

In a world where sugar has attracted increasing scrutiny for its impact on health and obesity, there are moves afoot in the biggest consuming country to persuade people to eat more of the sweetener. It is reportedby Bloomberg. Mills in India are eyeing increased consumption as a way to cut the nation’s chronic oversupply, which stems partly from the favorable incentives provided to growe...


France cuts sugar beet crop estimates by 20%

In 2020/2021, in France sugar beet production is experced to decrease by 20%. It is reported by Reuters. France’s farm ministry on Tuesday lowered its estimates for sugar beet crops this year after adverse weather throughout the season. The ministry cut its sug...

 
Brazil increased sugar output and ethanol export

Brazil’s center-south sugar production reached 2.86 million tonnes in the second half of September, 59% more than in the same period a year earlier, industry group Unica said on Friday. It is reported by Reuters. Mills in the region crushed 14% more cane in the period, or 40.22 million tonnes, as above-average dry weather boosted the harvest pace. However, Unica said the excessive...


German sugar maker Nordzucker returns to profit

Germany’s second largest sugar refiner Nordzucker has returned to profit this financial year, helped by cost cutting and stable European sugar markets, it said on Thursday. It is reported by Reuters. The unlisted company said it expected only “a relatively small decline” in sales volumes in its 2020/21 financial year, which started in March, as a result of...


Suedzucker's second-quarter earnings surge two-fold on sugar, biofuels strength

Suedzucker, Europe’s largest sugar refiner, on Thursday posted a 142% surge in second-quarter earnings and reaffirmed its estimate of a stronger annual profit with its sugar and biofuels sectors performing well. It is reported by Reuters. Suedzucker posted an increase in group operating profit to 68 million euros ($80 million) in the second quarter of 2020/2021 fiscal year ended August 2020, from 28 millio...


France eases ban on bee-threatening pesticide to help sugar sector

French lawmakers on Tuesday approved a draft bill allowing sugar beet growers to use pesticides that are banned to protect honeybees, a move welcomed by farmers hit by crop disease but condemned by green groups as more backsliding by the government. It is reported by Reuters. The proposal, which contradicts a promise by President Emmanuel Macron during his presidential campaign not to modify the ban on pesticides known as neonicotinoids, aims...

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