World news

 
US sugar demand seen lower at 12,2 mln t — JSG Commodities

United States domestic sugar demand will be smaller than the USDA forecast for 2018-19, a closely-watched North American trader said on Thursday. It is reported by Successful Farming. Domestic demand will stand at 12,2 million tonnes, Jenkins Sugar Group (JSG Commodities) president and veteran trader Frank Jenkins forecast, below USDA expect...

 
Brazil energy prices to be 'core driver' of global sugar in 2019 — COFCO

Energy prices in Brazil should be the core driver of world sugar prices in 2019, COFCO head sugar trader Jose Eduardo Toledo said. It is reported by Reuters. Brazil has dedicated a growing share of its annual sugarcane production to ethanol this season as global sugar prices have stagnated. For the country’s 2019/20 c...

 
Brazilian mills turn sour on sugar, betting on ethanol

Brazilian sugar companies are increasing their capacity to produce ethanol in the face of depressed global sugar prices and government policies expected to boost demand for the biofuel. It is reported by Reuters. A shift to ethanol in the 2018-19 season slashed Brazil’s sugar output by 9 million tonnes to a 12-year low and more switching to the biofuel next season could help...

 
India's top sugar producing state Uttar Pradesh to keep prices unchanged

India’s biggest sugar producing state, Uttar Pradesh, will keep prices that mills must pay to cane growers on hold in the current season. It is reported by Reuters. In India, the world’s biggest sugar consumer, the federal government fixes the price that cane growers receive each year, but Uttar Pradesh’s state government...

 
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...

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