World news

Thailand has lowered the minimum ICUMSA level of sugar that is being produced as trade sources shared that such a policy move would improve the country's export competitiveness in the long run. It is reported by S&PGlobal Platts. The minimum ICUMSA for Thai HiPol raw sugar is reduced from a minimum of 1,000 to 600, according to the report issued by Thailand's Office of the Cane an...

With falling sugar prices in the world market, Pakistan government is considering floating an international tender for import of 50,000 tonnes of the sweetener to maintain its price within the official retail rate. It is reported by Dawn. Last week, the federal cabinet reversed a decision of the Economic Coordination Committee to allow the import of 0.5 million tonnes of white sugar from India via land route....

Pakistan lifted a nearly two-year ban on sugar imports from arch-rival India on Wednesday, the finance minister said, a step towards reviving suspended trade between the two nuclear-armed neighbours. It is reported by Reuters. Pakistan’s Economic Coordination Council (ECC), a top decision-making body, allowed the private sector to import 0.5 million tonnes of white sugar as Islamabad trie...

Cargill said on Tuesday it is leaving the global sugar trading business after agreeing to sell its 50% stake in the joint venture Alvean, the world’s largest sugar trader, to Brazil’s Copersucar. It is reported by Reuters. Copersucar and Cargill said they reached an agreement to end their partnership at Alvean, with the Brazilian company becoming the sole shareholder of the company, which m...

Platts Analytics estimates Thai sugar production for the 2020-21 marketing season at 7,55 million tonnes, down 9% year on year. It is reported by S&P Global Platts. Thailand is expected to complete sugar cane crush operations for the October 2020-September 2021 marketing season by March 31, with industry sources expecti...

Processing is being completed earlier this year because 2020 sugar beet production fell short of the target, said David Braseth, American Crystal Sugar Co. vice president of operations.  It is reported by parkrapidsenterprise. American Crystal Sugar Co. expects to finish processing its 2020 sugar beets by mid-April, nearly a month earlier than it typically wraps up i...

British Sugar is investigating gene-edited beet seed as a long-term solution to virus yellows disease, which devastated crops across eastern England during the 2020-21 season. It is reported by geneticliteracyproject. If government ministers give the green light, British farmers could be growing sugar beet crops gene edited to be resistant to virus yellows in three...

U.S. Sugar has reached an agreement to buy the business and assets of its local rival Imperial Sugar from commodities trader Louis Dreyfus Company, the companies said in statements on Wednesday. It is reported by Reuters. Imperial Sugar operates a refinery at Port Wentworth in Savannah, Georgia, and a sugar transfer and liquification facility in Ludlow, Kentucky. It was bought by Louis Dre...

Gloomy European sugar beet farmers are cutting back plantings this year, discouraged by poor yields and low prices. It is reported by Reuters. Production has fallen in the European Union, mainly pressured by a slump in prices, since an initial bounce when the bloc dropped its sugar production and export quotas i...