World news

Sugar producer Tongaat Hulett said on Monday its full-year profit fell by 37%, weighed down by higher-than-expected sugar imports by South Africa and low international prices. It is reported by Reuters. Diluted headline earnings per share (HEPS) fell to 534,8 cents ($0,4296) in the year ended March 31, from 852,7 cents in the previous year.  HEPS is the main prof...

Brazilian sugar producers say their operations have been affected by nationwide truckers protests against high diesel prices that entered a third day on Wednesday, industry groups said on Wednesday. It is reported by Reuters. Cane industry group Unica said some sugar mills in the country’s center-south region reduced cane harvesting this week due to short diesel fuel supplies. Unica a...

China's sugar imports rose 140,5 percent year on year to 470,000 tonnes in April, also up 23,7 percent from 380,000 tonnes in March. It is reported by Reuters. Customs data showed on Wednesday, that sugar imports rose, as some shipments delayed earlier at port arrived.

Brazil's center-south, the world's largest sugar producing region, is likely to have less cane to process this year than previously expected due to a prolonged period without widespread rains. It is reported by Reuters. Sao Paulo-based Archer Consulting revised its center-south 2018/19 cane crop projection to 563 million tonnes, compared to 580 million tonnes expected previously, citing...

Nestle will make further cuts to the amount of sugar in its products as it tries to improve the image of packaged foods in the eyes of health-conscious consumers. It is reported by Reuters. The company said it wanted to cut sugar by another 5 percent, on top of the more than 34 percent reduction achieved since 2000. «The trend toward healthier foods...

Global commodities trader Bunge Ltd has filed for a potential public offering of its sugar and ethanol unit in Brazil Bunge Açúcar&Bionergia SA, with the Brazilian Securities Commission. It is reported by Reuters. The U.S. headquartered company said it recently obtained debt financing for the unit, which it has prepared to operate as a stand-alone company. Bunge said it plans to...

Thailand has allocated an additional 300,000 tonnes of raw sugar for ethanol production this year, amid weak prices and a large global surplus of the commodity. It is reported by Reuters. Thailand, the world's second-largest sugar exporter after Brazil, expects at least 14 million tonnes of sugar from a record 134 million tonnes of cane in the 2017/18...

German farmers have expanded sugar beet plantings in 2018 by 3,7% on the year to 421,600 hectares, German's national statistics office said on Tuesday. It is reported by Reuters. The increase was achieved despite poor weather which hindered the start of sugar beet sowing in Germany, the European Union's second largest beet producer.  E...

The government of Tanzania has ordered importation of 70,354,35 tonnes of sugar to fill the deficit facing the east African nation. It is reported by News Ghana. Charles Tizeba, the Minister for Agriculture, said 60,539,35 tonnes of sugar out of the consignment will arrive in the country next week, adding that the remaining 9,8...

The Sugar Regulatory Administration (SRA) is optimistic that the Philippines’ sugar production will meet domestic demand for the current crop year. It is reported by The Manila Times. According to SRA Administrator Hermenegildo Serafica, production reached 1,92 million tonnes as of May 6. The goal is 2,27 million tonnes. «It is v...