World news

Australia's Wilmar Sugar and Renewables is closing its eight sugar mills for up to 16 hours due to a strike on Thursday by unionised workers asking for a better pay deal, the company said. It is reported by Reuters. Wilmar, owned by Singapore's Wilmar International, opens new tab, said the shutdowns would cost sugar cane growers revenue of around $2.3 million. Another strike was...

Europe's largest sugar producer Suedzucker posted a 45% fall in quarterly earnings as it was hit by higher costs and lower sugar prices. It is reported by Reuters. Suedzucker reported operating profit in the first quarter to May 31 of its 2024/25 fiscal year of 155 million euros ($167.93 million), down from 282 million euros in the...

Targeting to stabilise sugar supply and control prices, Tanzania has imposed regulations on sugar production, importation and distribution within its borders. It is reported by theeastafrican. Parliament has passed a bill containing amendments to the Sugar Industry Act that gave the National Food Reserve Agency (NFRA) exclusive mandate to import, st...

October NY world sugar #11 on Wednesday closed down -0.08 (-0.39%), and Aug London ICE white sugar #5 closed down -8.80 (-1.51%). It is reported by Barchart. Sugar prices gave up an early advance and posted moderate losses after the Indian Sugar and Bio-energy Manufacturers Association forecasted India's 2023/24 suga...

India is unlikely to ease restrictions on exports of sugar until at least October and any reconsideration of the ban will depend on the progress of planting for the upcoming season, reported Money Control, citing a government official on the condition of anonymity. India, the world’s second-largest sugar producer, imposed a restriction on sugar exports anticipating a reduced harvest due to unpredictable monsoon rainfall. This decision aimed to stabilize do...

According to the industry group UNICA, in the first half of June, mills in the Center-South region crushed 48.998 million tonnes compared to 40.669 million tonnes in the 2023-2024 season – which represents an increase of 20.48%. It is reported by chinimandi. In the 2024-2025 season up to June 16, crushing reached 189.458 million tonnes, compared to 167.289 million tonnes recorded in the same period in the previous sea...

Sugar beet prices for the 2025-26 contract are expected to be lower than the fixed price of £40/t being offered for the 2024-25 contract, according to NFU Sugar board chairman Michael Sly. It is reported by fwi.co.uk. Spot markets have dropped by more than 20% since peaking in January, with global sugar production for 2023-24 forecast at a record 183.5 million tonnes. Mr Sly...

Sugar producer Tereos expects to crush about the same amount of sugarcane in Brazil during the 2024/25 harvest as in the previous cycle, despite a drought in the country's key production area, an executive said on Monday. It is reported by xm.com. The French cooperative, which also produces ethanol, alcohol and starches, is one of the world's largest sugar makers thanks to its large sugar cane-based product...

A new pilot scheme is being offered to sugar beet growers to help them access incentive payments for the roll out of environmental services on-farm. The scheme, launched by NFU Energy, NFU Sugar and Nestle, offers growers the opportunity to sell environmental services to downstream supply chain partners. It aims to allow manufacturers of goods containing homegrown sugar to invest directly in the e...

Bunge Ltd. Is selling its 50% share in BP Bunge Bioenergia to BP, its partner in the joint venture formed in 2019.  The transaction is expected to close in the fourth quarter of 2024, at which time BP will own 100% of the business. It is reported by bakingbusiness. «We are pleased with the way the business is operating and the great work the team has done to become a leader in sugar and bioenergy since we created t...