News

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...

Brazil's Copersucar, the world's largest sugar merchant, is upbeat on sugar prices in the mid-term as dry weather in the world's top producer should confirm a smaller production in the 2024/25 season that started in April. It is reported by ChiniMandi. Copersucar Chief Executive Tomas Manzano told reporters on an earnings call on Wednesday that prices should rise from current levels close to 19 cents per pound in New...

Egypt has enough strategic sugar reserves to last six months. It is reported by Reuters. Egypt has sufficient strategic sugar reserves to last six months, the supply ministry said on Monday without detailing the size of its reserves. The country expects to...

This season, «Farmgate Ukraine» LLC uses a new approach in sugar beet cultivation. It is reported by the company on its Facebook page. The seedlings of four highly productive hybrids from BETASEED are already maturing in the fields of «Farmgate Ukraine» LLC. Part of t...

UNICA, the Brazilian sugarcane industry association, has announced that the volume of sugarcane processed during the first half of May was consistent with the same period of 2023. Ethanol production was up slightly, and sales were up significantly.  It is reported by ethanolproducer. Mills in the south-central region of Brazil processed 44.75 million metric tons of sugarcane during the first half of May, up 0.43% when compared the same pe...

France's second-largest sugar maker Cristal Union on Tuesday posted a record net profit of 307 million euros ($334 million) for its 2023/24 financial year, up 72% from the 179 million reported a year earlier, helped by high sugar prices. It is reported by MarketScreener. Sales were up 20% at 2.8 billion euros in the year ended Jan. 31, while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 50...

According to the results of May, Ukraine exported 65% of sugar to the EU, 35% to other countries. May record was set for the export of sugar per one month — Ukraine delivered 108,000 tonnes. The acting Chairman of the National Association of Sugar Producers of Ukraine «Ukrsugar» Yana Kavushevska told about it at the Grain Ukraine 2024 conference. «On May 30, the gover...