News of «price-maker» countries


Conab reduced Brazil sugar production forecast for 2019/2020

Brazil's 2019-20 center-south cane crop has been revised up to 589 million tonnes from 571 million tonnes in August, farm statistics agency Conab said on Thursday, citing favorable climate conditions. It is reported by Nasdaq. The agency reduced its projection for center-south sugar output to 27,35 million tonnes from 28,97 million tonnes seen in August, since initial expectations for a higher s...

 
Global sugar deficit will surpass 8 mln tonnes in 2019/2020 — Rabobank

Rabobank increased its forecast of global sugar deficit in 2019/2020 to 8,2 million tonnes due to declining production in India and Thailand. It is reported by Sugaronline. If Rabobank forecast comes true, the largest sugar deficit will be recorded in season 2019/2020 since 2015/2016 MY. In mid-September, Rabobank predicted the global su...

 
India 2019/2020 sugar output to decline almost 22% — USDA

India's sugar production stood at 4.58 million tonne till December 15 of the ongoing marketing year, down 35 per cent from the year-ago period, owing to sharp fall in output in Maharashtra and Karnataka, industry body ISMA said on Wednesday. It is reported by Business Standard. Sugar marketing year runs from October to September. Mills had manufactured 7.05 million tonne of sugar in the same period of the 2018-19 marketi...

 
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...

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