World news

Europe's largest sugar producer Suedzucker reported a 21% jump in its third-quarter operating profit, helped by a strong sugar market, while maintaining its full-year outlook. It is reported by Reuters. Suedzucker reported operating profit of 268 million euros ($294.16 million) for the quarter ended Nov. 30, up from 220 million euros a year earlier. The company said i...

The lowest price offered in Egypt's international tender to purchase 50,000 metric tons of raw or white sugar, which closed on Saturday, was estimated at $530 a ton CIF free out for raw sugar, European traders said on Monday. It is reported by Nasdaq. Offers are still being considered by state buyer GASC and no purchase has yet been reported, they said. The lowest offer was believed to have been submitted by trading hou...

Egypt's state grains buyer the General Authority for Supply Commodities (GASC) has bought 50,000 metric tons of imported raw sugar for shipment in February. It is reported by Reuters. Traders said the sugar was bought at the estimated price of $528.80 a tonn CIF free out, which includes cost, insurance and freight. Seller was believed to be trading...

Indian mills have produced 4.32 million tonnes of sugar since the current season began on Oct. 1, down 10.7% year on year, as mills in two key states started operations later than usual, a leading trade body said on Friday. It is reported by Business Standard. Lower sugar production could lead the world's second-largest producer to refrain from allocating export quotas and support global prices, that are trading n...

Brazil's sugarcane production is expected to reach an all-time high 677.6 million tonnes in 2023/24, government agency Conab said on Wednesday, up 10.9% from the previous year and above an August estimate of 652.9 million tonnes. It is reported by Nasdaq. The higher crop, driven by favorable weather and increasing yields, will lead sugar production in the world's largest sugar exporter up 27.4% on a yearly basis to a re...

Sugar beet production in France is expected to reach 31.5 million tonnes this year, up from about 31 million in 2022, growers group CGB said on Tuesday. It is reported by Nasdaq. The CGB's estimate was slightly above the French farm ministry's latest forecast of 31.28 million tonnes. Sugar production from the crop was expected...

Pakistan sugar production is estimated to drop 600,000 tonnes to 6.3 million on lower sugarcane harvested area as competing crops replace sugarcane. It is reported by USDA in its November report. Sugar consumption is estimated up in line with population growth. Due to the expected decline in output, imports are forecast to climb to 500,000 tons...

China sugar production is anticipated up 1.0 million tonnes to 10.0 million as favorable weather is expected to result in higher sugarcane yields. It is reported by USDA in its November report. Consumption is estimated unchanged. Imports are expected to rise to help fill the gap between supply and demand but total supply remains tight due to...

Thailand production is estimated to drop 1.7 million tonnes to 9.4 million due to drought during the intensive growth stage. It is reported by USDA in its November report. Consumption is expected up in line with anticipated economic recovery and tourism that will boost domestic demand for sugar. Exports are estimated hig...

Brazil production is estimated up 3.0 million tonnes to a near-record 41.0 million as favorable weather and increased area are expected to result in additional sugarcane available for crushing. It is reported by USDA in its November report. Favorable sugar prices encouraged farmers to use their land for growing sugarcane instead of grains. The sugar/ethanol production mix is expected...