World news

 
Mexico sugar output increased by almost 2 thousand tonnes

Mexican sugar production for the 2018-19 crop year has begun, with the country producing 3,417 mt of sugar through November 10, according to data from the Mexican Agricultural Secretariat, SAGARPA. It is reported by «Sugar Journal». The amount represents an increase of 1,895 mt from 2017-18 levels, but is below initial estimates of 24,699 mt of sugar to be produced by November 10,...

 
Egypt to export sugar beet waste to China

Egypt and China signed on Monday 26/11/2018 a memorandum of understanding on rules to export sugar beet waste to the Asian country. It is reported by Egypt State Information Service.  The document was inked by Egypt's Deputy Agriculture Minister Mona Mehrez and China's Deputy Customs Commissioner-General. Minist...

 
Biosev hires bank for possible Brazil sugar asset sales

Biosev SA (BSEV3.SA), the sugar and ethanol maker controlled by trading firm Louis Dreyfus Co, has hired an investment bank to seek potential buyers for some or all of its plants in Brazil, a source familiar with the plans told. It is reported by Reuters. Biosev has retained the local unit of Dutch bank Rabobank to explore opportunities for its nine production units in Brazil’s center-south region, the country’...

 
Egypt sugar import value decreased by 31%

Over the past 10 months of 2018 Egypt sugar imports value decreased by 31,4%. It is reported by ahramonline. The General Organisation for Import and Export Control (GOEIC) said that the imports of strategic goods such as poultry and sugar have declined over the past 10 month...


EU sugar output could drop further as growers turn away from beet

Sugar production in the European Union could drop sharply in 2019/2020 as farmers consider slashing plantings and switching to other crops amid depressed prices. It is reported by Reuters. European producers are not planting extra beet area and some are turning to other crops offering better returns, Martin Todd, managing director at LMC International, told...

 
Brazil sugar output to reach the lowest level in the last 10 years — S&P Global Platts

Brazil sugar production between April 1 and November 16 would reach 25,13 million tonnes, decreasing 27% year on year. That would be the lowest for the period in 10 years, since the 2008-09 crop. It is reported by S&P Global Platts. The amount of sugarcane crushed in the first half of November in Brazil's key Center-South region was expected to be 21,1 million tonnes, down 10%...

 
Egypt's Delta Sugar raises beet planting area this year

Egypt’s Delta Sugar has contracted farmers to plant more than 114,000 feddans (118,314 acres) of sugar beet this year, an increase of around 20,000 feddans over the area planted last year, it said on Monday. It is reported by Reuters. Ahmed Abu al-Yazid, chairman of the Delta board, said in a statement that most of the area allocated for sugar beet has already been planted, with incentives to those who...

 
Mauritius reduced its forecast for sugar output for the third time

Mauritius reduced its forecast for sugar output this year for the third time as weather patterns aren’t favorable to sucrose formation. It is reported by Bloomberg.  The Indian Ocean island nation will probably produce 320,000 tonnes of sugar this year, the Mauritius Chamber of Agriculture said in an e-mailed statement. Its in...


India will become the world's biggest sugar producer for the first time in 16 years

Brazil, traditionally the world’s top sugar producer, is poised to cede the crown to India for the first time in 16 years. It is reported by Bloomberg. Production in the Asian country this season may rise 5,2 percent — to a record 35,9 million tonnes on increasing acreage and improving yields, the U.S. Depar...

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