Ситуація в країнах «price-maker»

Brazilian sugar and ethanol company Sao Martinho SA cut its estimate for cane crush growth in the new season that starts in April to 5% from 10% expected in December due to below-average rains in the center-south region. It is reported by Reuters. Sao Martinho’s Chief Financial Officer Felipe Vicchiato said that it expects sugar prices to improve in coming months due to expected reductions in production...

Sugar production in Britain is expected to total 1,15 million tonnes this year, Associated British Foods said in a trading update on Thursday. It is reported by Reuters. The parent of British Sugar — the only British producer of sugar from domestic beet — had forecast in November that production would total only 1,05...

Germany’s second-largest sugar refiner Nordzucker on Tuesday was the latest European producer to report a slump in earnings following a collapse in prices. It is reported by Reuters. Unlisted Nordzucker said net profit fell to about 17 million euros ($19,6 million) in the nine months to end November 2018 from around 143 million in the same year-ago pe...

India’s sugar production could fall in 2019/2020 as farmers are struggling to plant cane because of a drought in two of the country’s top producing states, according to multiple industry officials and traders. It is reported by Reuters. A drop in production would slash exports from the world’s second-biggest sugar producer and support global prices that have fallen 15 percent so far in 2018. &la...

Energy prices in Brazil should be the core driver of world sugar prices in 2019, COFCO head sugar trader Jose Eduardo Toledo said. It is reported by Reuters. Brazil has dedicated a growing share of its annual sugarcane production to ethanol this season as global sugar prices have stagnated. For the country’s 2019/20 c...

Brazilian sugar companies are increasing their capacity to produce ethanol in the face of depressed global sugar prices and government policies expected to boost demand for the biofuel. It is reported by Reuters. A shift to ethanol in the 2018-19 season slashed Brazil’s sugar output by 9 million tonnes to a 12-year low and more switching to the biofuel next season could help...

India’s biggest sugar producing state, Uttar Pradesh, will keep prices that mills must pay to cane growers on hold in the current season. It is reported by Reuters. In India, the world’s biggest sugar consumer, the federal government fixes the price that cane growers receive each year, but Uttar Pradesh’s state government...

On November 23, Cygnet successfully completed harvesting season and received high yields of all cultivated crops. The press-service of the company reports. Despite the hot and dry weather conditions, the company managed to get high yields of all cultivated crops, such as corn, soybeans, sugar be...

Biosev SA (BSEV3.SA), the sugar and ethanol maker controlled by trading firm Louis Dreyfus Co, has hired an investment bank to seek potential buyers for some or all of its plants in Brazil, a source familiar with the plans told. It is reported by Reuters. Biosev has retained the local unit of Dutch bank Rabobank to explore opportunities for its nine production units in Brazil’s center-south region, the country’...

Sugar production in the European Union could drop sharply in 2019/2020 as farmers consider slashing plantings and switching to other crops amid depressed prices. It is reported by Reuters. European producers are not planting extra beet area and some are turning to other crops offering better returns, Martin Todd, managing director at LMC International, told...