News of «price-maker» countries

 
India's Oct-Nov sugar output drops 54%

Indian mills produced 1.9 million tonnes of sugar between Oct. 1 and Nov. 30, down nearly 54 percent from a year earlier, with many yet to start crushing operations, the Indian Sugar Mills Association (ISMA) said on Tuesday. It is reported by Reuters. The country is the world’s biggest sugar producer and lower output could support global prices. By the end of November, 279 sugar mills had started crushing oper...

 
Frozen harvest leaves bitter taste for U.S. sugar beet farmers

Weather during harvest season in the U.S. Red River Valley, a fertile sugar beet region in Minnesota and North Dakota, has to farmers felt like a series of plagues. It is reported by Reuters. Rain and snow pelted crops in September and October. That was followed by a blizzard, and then warm temperatures that left fields a boggy mess. Next came a deep freeze, r...


India 2019/2020 sugar production will fall by a record 21,6% — ISMA

Sugar production in India is set to decline by a record 21,6%, the steepest in over a decade, during the sugar season 2019/2020 as errant monsoon this year is likely to lead to a 12% less acreage this year. It is reported by Business Today. In 2018-19, India produced an all time high 33,16 million tonnes of sugar but for the first time since 2016/2017, the country will produce less sugar than the year...


Mills in Brazil's center-south region heading toward a new record-low allocation of cane to sugar production

Mills in Brazil's center-south region increased ethanol production and cut sugar output in the first half of November as the season draws to an early close, industry group Unica said on Tuesday. It is reported by Nasdaq. Plants in the main Brazilian sugar belt produced 786,000 tonnes of the sweetener early in November, 11% less than in the same period a year earlier, while ethano...

 
Bad weather forces U.S. sugar producers to declare force majeure

Beet producers Western Sugar Cooperative and United Sugars Corp issued force majeure notices to clients late Tuesday, according to three market participants, after a cold snap hit large portions of the United States. It is reported by Reuters. March ICE sugar futures were up 2,1% in the session to $334,30 a tonn. Force majeure is declared when a company is unable to meet its commercial commitments due to unfore...

 
US farmers band together to save sugar beet crop from bad weather

The snow and cold weather caused local sugar beet farmers to band together and harvest their crop before the deadline. It is reported by wnem. «A lot of tough weather conditions to work through, a lot of stress, a lot of anxiety, but they got it done», — Executive Vice President of Michigan Sugar...


Heavy rains slow EU sugar beet harvesting

Heavy rains disrupted EU sugar beet harvesting operations, adding to the challenge faced by farmers who are trying to get winter crops planted. It is reported by Reuters. The rains have delayed grain sowings in parts of the European Union with the situation particularly severe in Britain where they could trigger a significant shift to spri...

 
Brazil's center-south ending sugar season 2019/2020 earlier

Brazil's center-south is approaching the end of this year's sugarcane season much earlier than expected, as drier-than-normal weather during most of the last weeks sped up harvesting and led to several mills announcing the end of crushing. It is reported by Nasdaq. The main Brazilian sugar belt crushed 32,6 million tonnes of cane in the second half of October, 30% more than in the same period a year earlier, a similar quick-pace perf...


Global sugar production 2019/2020 will drop below total consumption — FAO

FAO expects world sugar production to drop in 2019/20 (October/September), falling below total consumption. The forecast for global sugar production in 2019/20 has been revised downwards in recent months and is now pegged at just over 175 million tonnes, representing a 2,8 percent decrease from 2018/19. It is reported in FAO Food Outlook Report. International sugar markets are seen heading for a modest tightening in the 2019/20 marketing season, as production is forecast to fall below the previous...

 
Thailand 2019/2020 sugar output may decrease by 17%

Sugar output in Thailand may decline below 12 mln tonnes in 2019/2020 due to a likely fall in cane production in the east Asian country, Thai Sugar Millers Corp Ltd Director-General Rangsit Hiangrat said. It is reported by cognecis. In 2018/2019, the country produced 14,5 mln tonnes sugar. Thailand is one of the world's largest producers and exporters of the commodity. The cane prod...

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