World news

Tereos, one of the world’s largest sugar makers, is seeking to cut its sugar beet production next year by 5% and has asked its cooperative members to reduce plantings, citing difficult market conditions. It is reported by Reuters. A surge in output after the European Union abolished production quotas last year and a 50-percent slump in prices since early 2017 in an oversupplied world market have le...

This opinion was expressed by sugar market analyst of S&P Global Platts (Kingsman) Daniel Rebello during the first «Sugar Trade and Export Conference». «Global sugar prices continue to decline due to structural surplus, slowdowns in consumption, speculative sales, stable U.S. dollar and macroeconomic environment. Besides, sugar surplu...

Next season, the total sugar production in Russia, Ukraine and Belarus will decrease by 6% comparing with MY 2017/2018, but export potential will be unchanged. Marina Sidak, the head of analytical service (CIS) Sucden expressed such a view during the first «Sugar Trade and Export Conference». «In MY 2018/2019 in Ukraine and Russia there will be a decrease in sugar production by 5,5% and 11% respectively, but Belarus sugar production is forecasted to grow by 13%. At the same...

French sugar cooperative group Tereos said crop samples put this year’s sugar beet yield at 61.8 tonnes per hectare, below the five-year average. It is reported by Reuters. Crop samples also showed that the 2018 crop had a sugar content higher than the five-year average, Tereos said in a statement without giving more details. Tereos delay...

French cooperative group Tereos, one of the world’s largest sugar makers, reported a fall in quarterly earnings as historically low prices outweighed stronger volumes following the liberalisation of the European sugar market. It is reported by Reuters. Tereos’ adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in the first quarter of its 2018/19 financial year came to 84 million euros (...

India has extended the deadline for export of 2 million tonnes sugar by three months to December. It is reported by Reuters. The world’s second-biggest sugar producer has been trying to reduce sugar stocks after harvesting a record crop. India’s sugar production is expected to ju...

Bunge Limited announced it has completed the sale of its international sugar trading operations to Wilmar Sugar Pte. Ltd. It is reported by Bunge. Financial terms were not disclosed. Bunge has been negotiating about the sale of sugar assets in Asia. The expected deal will provide Wilmar access to the Thailand marke...

The Minnesota sugar beet crop is expected to be smaller this year, due to the long winter and rainy start to the summer. It is reported by StarTribune. Yield forecasts are down more than a ton per acre — a decline of about 4 percent, according to the U.S. Department of Agriculture — as farmers gear up for...

Over 400,000 tonnes of cane have so far been crushed by the three sugar mills. It is reported by FBC. Fiji Sugar Corporation Chief operating officer, Navin Chandra says that this has produced over 40,000 tonnes of sugar. Chandra says they are happy with how things have pro...

Mexico’s government said on Wednesday it has set a sugar export quota to the United States of 750,876.9 tonnes for the cycle that runs from Oct. 1, 2018 to Sept. 30, 2019. It is reported by Reuters. Mexico is the top foreign sugar supplier to the United States, a coveted 12 million-tonn market where the U.S. government doles out export quotas to about 40 sugar-p...