News of «price-maker» countries

 
India suffers driest June in five years, fears for crops

India had its driest June in five years due to a delay in monsoon rains, the weather department said late on Sunday, raising fears for crops and the broader economy. It is reported by Reuters. Overall, rains were a third below average, although in some states, including the sugar cane growing northern state of Uttar Pradesh, they were as much as 61 percent down...

 
Saint Louis Sucre increased sugar beet guaranteed price from 2020

French sugar maker Saint Louis Sucre on Tuesday put forward its guaranteed price for sugar beet growers from the 2020 harvest and said it would invest 50 million euros ($57 million) over several years in two sugar factories. It is reported by Reuters. The announcements come after the sugar maker announced it would end production at two factories in France as part of a wider restructuring plan at its German parent Suedz...


Uttar Pradesh sugar production dips marginally to 11,8 million tonnes

Sugar production in Uttar Pradesh (UP) has dipped marginally to 11,82 million tonnes in the 2018-19 crushing season. It is reported by Business Standard. In the just-concluded crushing cycle, sugar output in the state fell nearly 1,9 per cent compared to the production of a little over 12 million t...


Brazil to let sugar mills sell ethanol directly to gas stations

The Brazilian government on Tuesday paved the way for ethanol makers to sell the fuel directly to gas stations, by passing a resolution to boost fuel industry competition, although additional legislation is required to bypass fuel distributors. It is reported by Reuters. The resolution by CNPE, the energy policy council, includes the option for direct sales by mills. Brazil’s Economy Ministry would have to issue tax-related regulati...


Brazil sugar forecast cut to 27,8 million tonnes — INTL FCStone

Brazil’s center-south will produce less sugar than initially expected in the new season that started in April, as higher gasoline prices boost demand for cheaper ethanol, leading mills to allocate less cane to sugar, broker INTL FCStone said on Tuesday. It is reported by Business Recorder.  FCStone cut its projection for sugar production in Brazil’s main producing belt to 27,8 million tonnes from 29,5 million tonnes expected in March....


Declining Asian sugar production contributs to a global deficit 2019/2020 — INTL FCStone

Declining sugar production from major Asian producers in 2019/2020 is seen contributing to a global supply deficit for the year, broker INTL FCStone said on Tuesday. It is reported by Reuters. Production of white sugar in India, Asia’s top producer, is seen falling to 28,6 million tonnes in 2019/2020 from its record-large 2018/2019 crop of 32,9 million to...


India 2019/2020 sugar output to decline 8,4% — USDA

Indian sugar production in 2019/2020 is expected to decline 8,4% from the record-large 2018/2019 crop to 30,3 million tonnes. The U.S. Department of Agriculture (USDA) attache in New Delhi said in a report. Output is expected to fall as the area under harvest contracts and the average sugar recovery rate declines, and as...


Center-South Brazil sugar production expected down 34% — S&P Global Platts

The amount of sugarcane crushed in the second half of April in Brazil's key Center-South region is expected to be 31,9 million tonnes, down 15,6% year on year, an S&P Global Platts survey of analysts found Wednesday. It is reported by press-service of S&P Global Platts. This would be the highest volume of cane crushed in 15 days since H2 September 2018, when 38.7 million tonnes was recorded. The crush...


France sugar beet area decreased by 6%

French farmers are expected to cut sharply their sowings of sugar beet for this year’s harvest while increasing the area for soft wheat and barley, the country’s farm ministry said on Tuesday. It is reported by Hellenic Shipping News. In its first estimate of the 2019 sugar beet area, the ministry pegged sowings at 455,000 hectares, down 6,3 percent from 2018. A smaller sugar beet are...


Indian sugar mills owe record $4,38 billion to cane growers

India's money-losing sugar mills have run up a record $4,38 billion (Rs 30,335 crore) in arrears to 50 million cane farmers, who have gone unpaid for their produce for more than a year. It is reported by Reuters. Years of bumper cane harvests and record sugar production have hammered domestic prices, hitting mills' financial health to such an extent that monies owed to farmers...

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