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Indonesian sugarcane plantation will add 70,000 ha

Indonesian state owned plantation company PT Perkebunan Nusantara III (PTPN III) will add 60,000 to 70,000 hectares to its sugar plantation to meet domestic white sugar demand, PTPN CEO Mohammad Abdul Ghani told parliament on Wednesday. It is reported by Reuters. Abdul Ghani said the expansion will use state-owned forestry firm, Perhutani’s, concession area. The size of the plantation stood at 62,583 hectares as of March,...


Suedzucker increased fiscal profit by 30%

Suedzucker affirmed preliminary results showing its fiscal first-quarter operating profit rose 30% to 61 million euros, helped by higher sugar prices, cost savings and demand for frozen pizzas and functional dietary fibres during lockdown. It is reported by Reuters. Suedzucker on Thursday said the positive impact of panic-buying at the outset of the coronavirus pandemic had faded and was increasingly overshadowed by lower demand from...

 
Brazil will have to boost U.S. ethanol imports to meet demand

Sugar production in Brazil's center-south region reached 10.57 million tonnes so far in the 2020-21 season that began in April, 57% more than in the previous season, industry group Unica said on Wednesday. It is reported by Nasdaq. Mills in Brazil continue to push for maximum sugar output at the expense of ethanol, with cane allocation for production of the sweetener reaching near a record 47% early...


Cristal Union posts 2019/2020 net loss

French sugar maker Cristal Union, Europe’s fourth-largest sugar group, on Tuesday reported a net loss of 89 million euros ($100 million) for its 2019/20 financial year reflecting low sugar prices and exceptional costs. It is reported by Reuters. Its revenue fell 6% to 1.6 billion euros for the year ended January 31, the cooperative group said. Cristal Union last year decided to shut two sugar factories in Fran...

 
Brazil ethanol output decreased by 16%

Mills in the main sugar belt in Brazil kept producing as much sugar as possible late in May, driving cumulative output of the sweetener so far in the season to a 65% growth from a year earlier, industry data showed on Friday. It is reported by Reuters. Brazilian mills produced 8 million tonnes of sugar in the first two months of the new crop, up from 4.8 million a year earlier, cane industry group Unica said. Mills a...


EU sugar beet production is expected to decline

Dry spring weather and early pest attacks have hurt sugar beet crops in the European Union (EU) where farmers discouraged by low returns had already reduced sowings, but good summer weather could limit losses, growers said. It is reported by Successful Farming. It was too early to give precise estimates as sugar beets were only entering the key development stage but it was unlikely this year's yields would be abov...

 
U.S. sugar imports seen falling 10% — USDA

United States sugar imports are projected at 3,09 million short tonnes in the 2020-21 season (October-September), 10,4% less than seen a month earlier, according to data from the U.S. Department of Agriculture (USDA) on Thursday. It is reported by Reuters. In its monthly supply and demand report, the USDA kept U.S. sugar production estimate for the new crop unchanged at 9 million short tonnes — which is 12% more than...

 
In Australia wet weather further delays sugar crush

Wet conditions have further delayed the start of the sugar crush on the Burdekin (Queensland, Australia). It is reported by Queensland Country Life. Wilmar's Inkerman Mill was set to fire up on Monday, June 8, after first being delayed from the planned start of Tuesday, June 2. But ongoing...

 
India's sugar opening stocks to drop 21% — ISMA

India's opening sugar stocks for the upcoming marketing year starting Oct. 1 is forecast to drop 21% due to a decline in production over the 2019-2020 season amid low rainfall. It is reported by S&P Global Platts. According to the Indian Sugar Mills Association June 2, opening sugar stocks for the season starting Oct. 1 is forecast to fall to 11,5 million mt, reflecti...

 
ISMA increased India sugar output forecast by almost 2%

Mills in India, the world’s biggest sugar producer, are likely to churn out around 27 million tonnes of sugar in the current season that began on Oct. 1, 2019, up from the previous forecast of 26,5 million tonnes, the Indian Sugar Mills Association (ISMA) said in a statement. It is reported by Reuters. India’s sugar output is expected to rise nearly 1,89% this year from a previous forecast as the country-wide lockdown to stem the spread of the new coronavirus has...

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