World news

Last week American Crystal Sugar Co. released their forecast payments for the 2017 sugar beet crop and announced the final payment for the 2016 crop. It is reported by AreaVoices. For the 2017 beet crop the initial payment projection is 46 USD per tonn. The company will withhold 4 USD per tonn for unit retains. The 2016 crop final payment wil...

South African sugar producer — Tongaat Hulett — expects half-year profit to rise 4,8% as production recovered after a two-year drought. It is reported by MailOnline. The sugar operations have seen the beginning of the production volume recovery after the drought conditions of the previous two years. The company said headline e...

India’s cabinet approved a 5% increase in the price of ethanol to ease pressure on suppliers of the fuel and cut crude imports. It is reported be Reuters. The price of ethanol was fixed at 40,85 rupees (17,16 UAH) per liter before tax, and would be applicable for a year starting Dec. 1. India has been aiming to boost the...

The Philippines raw-sugar production as of October 15 has reached 67 810 tonnes, nearly 17% lower than the 81 615 tonnes recorded in the same period last year, according to data from the Sugar Regulatory Administration (SRA).   It is reported by BusinessMirror. Raw-sugar demand during the period was pegged at 285 046 tonnes, 1.84% lower than last year’s 290 380 tonnes. The SRA data showed that the num...

India’s biggest sugar producing state has raised the price mills must pay for the new crop by 3,3%. It is reported by Reuters. Uttar Pradesh raised the cane price to 315 rupees (UAH 126) per 100 kg for the crop year that began this month, up from 305 rupees (UAH 122) in the previous year. The fed...

Traders shipped 100,662.51 tonnes (MT) of raw sugar to China and Japan as part of efforts to reduce the country’s sugar inventory, according to the Philippine Sugar Millers Association Inc. (PSMA). It is reported my BusinessMirror. PSMA Executive Director, Francisco D. Varua, said the volume is part of the 140,000 tonnes of sugar that Philippine traders would export to countries other th...

In Australia crushing was resumed at Wilmar Sugar's Plane Creek Mill in the early hours of Monday morning after a five-day wet weather stoppage. It is reported by Daily Mercury. Proserpine is expected to start up around 4 am on Tuesday morning when contractors started cutting again on Monday. The mill was shut down for five days as well due...

On October 17 the government of Pakistan announced that the import duty on beet sugar, cane sugar and white crystalline cane sugar was hiked to 40%, up from 20% previously. It is reported by Dawn. The government has raised the duty on over 250 products in an attempt to lower the trade deficit and gather revenues to finance export subsidies.

As of the end of September, 13,59 million tonnes of sugarcane were harvested in Argentina. It is reported by the government portal. With the sugarcane season drawing to a close in Tucuman, seven mills have shut operations while the remaining eight are preparing to stop by end-Octobe...

Low sugar prices in 2017 due to surplus production will dent profits, resulting in reduced sugar beet acreage in 2018 in Kuban region.  It is reported by Delovata Gazeta. According to Kubansakharprom Association, sugar output so far has increased by 240,000 tonnes to 1 million and is expected to hit 1,5 million tonnes by the e...