World news

Brazil's centre-south (CS) region should crush a larger amount of sugarcane and produce more sugar than initially expected due to more favorable weather conditions and a larger focus by mills on production of the sweetener, a report said on Thursday. It is reported by Nasdaq. According to revised projections published by consultancy Job Economia, Brazil's main sugar belt will crush 566 million tonnes of sugarcane in 2022/23, versus 558 mill...

The global sugar market is expected to have a surplus of 3.9 million tonnes in the new season starting in October, as good production in Asia and Brazil will offset problems in Europe and China, broker and analyst StoneX said on Monday. It is reported by Nasdaq. In its new global crop report, the broker increased its view for the surplus from 3.3 million tonnes seen in July. It projected that India will have another near-record...

Brazil's ethanol exports to Europe are set to reach a record high this year, as foreign markets look more appealing than domestic, according to an analysis by S&P Global Commodity Insights. It is reported by Reuters. This year through August, Brazil shipped about 427 million liters of ethanol to Europe, 435% above the figures from the same period in 2021. By the end of 2022, the South...

India's top sugar producing state of Maharashtra is set to churn out record levels for the second year in a row as farmers have expanded the growing area for the cane crop, the state government said in a statement on Monday. It is reported by Reuters. Higher production will weigh on local prices and may prompt New Delhi to allow sugar exports in the 2022/23 marketing year starting from Oct. 1. Indian exports could weig...

India is poised to allow 5 million tonnes of sugar exports in the first tranche for the new marketing year beginning October, two government sources said on Wednesday. It is reported by Successful Farming. "The permission to export 5 million tonnes of sugar is expected in the coming weeks and once we have a better sense about next sugar year's production...

The European Union (EU) is expected to have a shortfall of 785,000 tonnes of sugar (white value) in the new season that starts in October as plants - many of which were converted back to oil from gas - started beet processing earlier than normal. It is reported by Nasdaq. According to a report by sugar market adviser CovrigAnalytics, the EU supply balance is swinging from a surplus of 670,000 tonnes in 2021/22 (Oct-Sept) due mostly to a fal...

The ongoing drought has delayed the harvest of East Anglia's sugar beet crop — prompting British Sugar to push back the opening dates for its factories. It is reported by Eastern Daily Press. The firm announced that its factories at Bury St Edmunds in Suffolk and Cantley in Norfolk will open later than usual this year, on October 5 and 20 respectiv...