World news

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...

South Africa has raised import duties on sugar to $680 from $566 a tonne to protect the domestic industry against a surge in imports, the trade and industry minister said on Wednesday. It is reported by Reuters. The South African Sugar Association applied in February to have the tariff raised to $856 a tonne, but the International Trade Administration Commission of South Africa (...

Scorching weather that parched farmland across northern Europe has also stressed sugar beet plants and could push yields in the European Union’s harvest well below last year’s bumper levels. It is reported by Reuters. The EU’s executive had already projected a fall in sugar production in 2018/19 after heavy rain delayed spring planting, and a hot summer in top producing countries...

Brazil’s energy and logistics group Cosan SA Indústria e Comércio posted a quarterly net loss of 64,3 million reais ($17,05 million) on Wednesday, slightly better than the 76 million reais loss a year earlier, the company said in a market filing. It is reported by Reuters. Cosan, which is a partner of Royal Dutch Shell Plc in the 50-50 joint venture Raízen, the world’s largest sugar producer, reported an Ebitda of 803 million r...

Brazil’s center-south is likely to produce an even smaller amount of sugar next year after a sharp drop reported in the current crop, as a harsh drought and reduced crop care will lead to a poor cane harvest, according to industry representatives. It is reported by Reuters. The world’s largest sugar producing region is expected by most analysts to cut output in the current crop, which runs from April 2018 to March 2019, to around 28 mi...

Qatar is planning to launch a sugar processing plant at the latest by 2020 to strengthen its independence. It is reported by Middle East Confidential. The project, according to two sources, will be having a production capacity of 110,000 tonnes of sugar a year, way beyond domestic demand estimated at 80...

All three sugar mills in Fiji have commenced the 2018 crushing season with over 180,000 tonnes of sugar cane crushed by 23-rd July. It is reported by fijivillage. The Fiji Sugar Corporation in a statement revealed that this is 9% above what was crushed for the same period in 2017. It adds that the Labasa Mill has crushed 123,09...