News of «price-maker» countries

 
EU expects continued reduction of sugar beet acreage

The European Union will likely see a further decrease in planted sugar beet this year following the closure of some factories, participants at the annual Dubai sugar conference said on Wednesday. It is reported by Reuters. Sugar production in the trading bloc has fallen for two successive seasons after an initial surge after the EU abolished production quotas in 2017. Prices collapsed as...

 
World's largest sugarcane plant mulls using corn to boost ethanol output

The world’s largest plant to process sugarcane, Brazil’s Sao Martinho mill in Pradopolis, Sao Paulo state, could add corn as a second source of raw material to be able to boost its ethanol production, the company that controls the plant said on Tuesday. It is reported by Reuters. Several cane-based sugar and ethanol plants in Brazil are adding machinery to produce ethanol using corn as well, a model seen as profitable because plants use cane waste...


COFCO does not see recovery in Thailand sugar crop soon

Chinese commodities trader COFCO said on Monday it did not predict a recovery in Thailand’s sugar crop any time soon. It is reported by Reuters. COFCO’s Managing Director Softs Marcelo de Andrade made his comments during a panel discussion at an industry conference in Dubai. Thailand’s sugar product...

 
India's sugar output drops 24% — ISMA

Indian mills produced 14,1 million tonnes of sugar between Oct. 1 and Jan. 31, down nearly 24% from a year earlier, as some mills were forced to stop cane crushing early due to limited supplies, the Indian Sugar Mills Association (ISMA) said. 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 January, 446 sugar mills were crushing sugar cane,...

 
India's sugar production could fall 18% in 2019/2020 — AISTA

India’s sugar production could fall nearly 18% in 2019/2020 as a drought followed by floods is expected to curtail output in the country’s second-biggest producing state, the All India Sugar Trade Association (AISTA) said on Friday. It is reported by Reuters. The lower output could help India reduce stockpiles swelled by two years of record production and lower-than-expected exports. India is the world’s largest producer...

 
Thailand's sugar output to hit 9-year low

Thailand’s sugar production in 2019-20 is likely to fall 28% to 10,5 million tonnes from a year earlier, the lowest in nine years, as drought curtailed cane production, head of a leading trade body said on Friday. It is reported by Reuters. The lower production will limit exports from the world’s second biggest exporter and support prices trading near their highest level in 2-1/2 years. Thailand cou...

 
India's sugar output down 26% — ISMA

Indian mills produced 10,9 million tonnes of sugar between Oct. 1 and Jan. 15, down 26% from a year earlier, due to lower production in the drought-hit western state of Maharashtra, the Indian Sugar Mills Association (ISMA) said on Friday. It is reported by Reuters. The country is the world’s biggest sugar producer and lower output could support global prices. Mills in Maharashtra have produced 2,55 million tonnes of sugar,...

 
EU 2019/2020 sugar production will be down 443,000 tonnes — S&P Global Platts

S&P Global Platts Analytics forecasts total 2019-20 EU sugar production will be down 443,000 mt on the year at 17.488 million mt as a result of dry conditions early in the season and heavy rainfall late in the season, meaning beet yields did not offset a reduced planted area in the main producing countries of France and Germany. It is reported by press-service of S&P Global Platts. British Sugar owner AB Sugar said Thursday higher beet yields would offset a drop in planted area in the UK and take 2019-20 (October-...

 
USDA lowers 2019/20 sugar stocks/use ratio by 6%

The U.S. Department of Agriculture on Friday set closely-watched sugar stocks-to-use ratio for 2019-20 at 12,7%, down from 13,5% in the previous month's report. It is reported by Successful Farming. At the same time, the USDA left the 2018-19 sugar stocks-to-use ratio unchanged at 14,5%. In its monthly report, the agency forecast U.S. production in 2019...

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