World news

Europe’s largest sugar producer Suedzucker on Tuesday posted a rise of around 112% in full-year earnings as the company returned to profit from four years of losses in its sugar sector and predicted higher prices would continue to boost results. It is reported by Reuters. Preliminary operating profit in the fiscal year to end February rose to 704 million euros ($771.72 million) from 332 million euros in the previous year, Suedzucker said i...

China's sugar output from October 2022 to September 2023 is expected to reach 9 million tons, according to a Ministry of Agriculture and Rural Affairs report. It is reported by China Daily. The projected output was down 330,000 tons from the previous forecast made last month, according to the report released by Chinese Agricultural Supply and Demand Esti...

In Thailand sugar cane output is lower than forecast for this crop year, with an increase of just 1.9% to 93.8 million tonnes due to drought and more farmers switching to cultivating cassava, says the Office of the Cane and Sugar Board (OCSB).  It is reported by Bangkok Post. «The government previously expected the amount of sugar cane would exceed 100 tonnes in the 2022-23 crop year», — said Panuwat Triyangkunsri,...

Farmers in France, the European Union's biggest crop producer, are expected to cut back on sugar beet, partly in response to severe drought last year, the farm ministry said. It is reported by Nasdaq. France was among European countries hit by drought and heatwaves last summer that hurt spring-sown crops like maize and sugar beet. Among first estimates for spring cro...

Sugar prices in India have climbed more than 6% in two weeks and are likely to rise further as production is set to fall and demand from bulk consumers to strengthen during the peak summer season, industry officials told Reuters. Higher local prices will improve the margins of sugar makers such as Balrampur Chini, Shree Renuka Sugars, Dalmia Bharat Sugar and Dwarikesh Sugar, helping them make cane payments on time to farm...

The US Department of Agriculture in its March 31 Prospective Plantings report said farmers intend to plant 1,110,800 acres to sugar beets in 2023, down 4.2% from 1,159,500 acres in 2022 and the lowest since 2008. It is reported by Baking Business. Planted area in Montana, typically the sixth largest beet planting state, was forecast at 24,000 acres, down 29% from 2022 and the lowest on record. Wyoming...

The European Union sugar beet area for the 2023/24 season is expected to be 3% below the five-year average after a court ruling on the use of neonicotinoid pesticides, the European Commission said in a short-term outlook issued on Thursday. It is reported by Nasdaq. The Court of Justice of the European Union ruled in January that member states cannot offer exemptions to the bloc's ban on crop seeds treated with neonicotinoids, whi...

American sugar users have quickly increased the amount of beet sugar they have bought for delivery in the new season whose planting starts in April despite high prices, looking to guarantee supplies amid a global supply tightness. It is reported by Nasdaq. According to a report by food information supplier Sosland Publishing Co released on Wednesday, beet sugar sales advanced to between 75% and 80% of prospective 2023/24 U.S...

The country’s sugar industry is struggling to recover and plans to resuscitate the sector have yet to yield results. It is reported by sabcnews. In 2021, government announced a sugar Master plan. Annual sugar production in the last 20 years has declined nearly 25% from 2.75 million to 2.1 million tons per...

West Valley Sugar Company’s 2.8-billion-Kenyan-shilling ($21.27 million) sugar factory in Kericho County will start trial runs in August. The trial will continue for two months before the official commissioning in October, Business Daily reported, citing West Valley Sugar Company managing director Bernard Soi. The initial installed c...