World news

Cane crushing at the National Cooperative Sugar Mills (NCSM) in Alanganallur here for 2017-18 season was inaugurated on Saturday. The Hindu reports. Owing to the drought witnessed across Tamil Nadu, including Madurai, last year, the officials at the mill said that they were targeting to crush only 50,000 tonnes of sugarcane t...

Brazilian mills have hedged 6,24 million tonnes of sugar through New York futures by November 30, or around 23% of expected exports in the 2018/19 season. Sao Paulo-based Archer Consulting said on Monday, Reuters reports. That hedging volume is the smallest since the 2013/14 season, Archer said, as mills refrain from fixing prices at the exchange wai...

Mackay Sugar's crushing will end Thursday night after wet weather forced a premature end to the season. It is reported by Daily Mercury. Marian Mill is the last of Mackay Sugar's three mills still crushing but it is no longer able to process the 12,000 tonnes a day required to remain viable. &...

Bayer and Monsanto announces that the Committee on Foreign Investment in the United States («CFIUS») has completed its review of the proposed merger, and has concluded that there are no unresolved national security concerns with respect to the transaction. The press-service of the company reports about it. The acquisition is subject to customary closing conditions, including receipt of required regulatory approvals. Bayer and Monsanto will continue t...

Ongoing wet weather has Mackay Sugar cane growers facing the prospect of leaving part of their crop in the field. It is reported by Daily Mercury. An estimated amount between 250,000 and 400,000 tonnes has not been harvested, according to Canegrowers Queensland chairman Paul Schembri, and it seems likely a hal...

China's sugar imports climbed 60,6% in October from the year before to 170,000 tonnes. It is reported by Reuters. October sugar imports climbed from last year's 105,042 tonnes, when high international prices hurt purchases. Imports were also up 6% from last month's...

Kenya has started importing molasses from Sudan as sugar cane production in the country declines, with the first vessel carrying over 12,000 tonnes docking at the Mombasa port on Saturday. It is reported by Daily Nation. Raw Trade Ltd, a local company, has partnered with global commodity trader UM Trading to import molasses from Sudan. UM Trading is a member of UM Group Ltd that i...

Uzbekistan plans to start construction of a new sugar refinery in the near future. It is reported by Sputnik Uzbekistan. Russian investors will act as partners in this project, according to a source in the Uzbekzokovaktholding. A new industrial facility will be located in...

The Port of Gdansk Authority SA and Krajowa Spolka Cukrowa S.A. signed an agreement on a lease of property for the construction of a new transshipment and shipping terminal along with access infrastructure intended for handling the transport of sugar. The new facility will be located right next to the Nabrzeze Wislane, which will enable entry and loading of ships with a la...

China will boost mechanization of its sugar industry over the next five years as part of a broader plan to upgrade domestic production. It is reported by The Business Times. China aims to plant 70% of its sugarcane and 98% of sugar beet with machinery by 2022, up from 40% and 80% at present, according to a five-...