World news

 
Philippines seen to import 400,000 tonnes of sugar

The Philippines is seen importing as much as 400,000 tonnes of sugar for the current crop year as local production will not be able to cover increasing demand. It is reported by PhilStar. In the latest report of the US Department of Agriculture-Foreign Agricultural Service, the Philippines is expected to buy the same level of sugar it imported last crop y...

 
Maharashtra to see low 2019/2020 sugar production

The sugar output in Maharashtra will be lower than expected after the floods damaged crops and as some farmers sell cane for feed. It is reported by BusinessLine. Production in the state may total to 5,3 million tonnes in the year starting October 1, compared with a previous estimate of 6,44 million tonnes, said Shekhar Gaikwa...


EU countries began new "sugar" season

Dry weather in some major European Union sugar-producing regions is causing concern as beet harvesting starts, experts said on Friday. It is reported by Reuters. A combination of low prices and restrictions on insecticide use has turned some farmers away from sugar. EU refined sugar output in the season now starting could fall...


Brazil's center-south seen reducing sugar output 2019/2020 — Biosev

Brazil’s 2019/20 center-south sugar output seen at 25.9 million tonnes versus 26.5 million tonnes in 2018/19, says sugar group Biosev. It is reported by Reuters. Biosev sees Brazil’s 2019/20 center-south (CS) ethanol output at 32.1 billion liters versus 30.9 billion liters in 2018/19. Brazil’s CS sugar output w...

 
India 2019/2020 sugar output could fall 20%

India’s sugar output could fall 20% to the lowest level in three years in 2019/20 after drought last year forced farmers to curb cane planting and as floods this year damaged crops in key growing areas, a senior industry official said on Thursday. It is reported by Reuters. Lower production could help the world’s biggest sugar producer to reduce stockpiles that have been boosted by two years of record output and lower-than-expected exp...


ISO forecasts global sugar deficit of nearly 5 million tonnes in 2019/2020

The International Sugar Organization on Monday forecast a global sugar deficit of 4,76 million tonnes in the 2019/2020 season, driven partly by lower production in India and Thailand. It is reported by Reuters. The inter-governmental body, in its first full outlook for the 2019/2020 season which begins on Oct. 1, saw global production falling by 2,35% — to 171,98 million t...


Fiji Sugar Corporation crushed more than 600,000 tonnes of cane

More than 600,000 tonnes of cane has been crushed so far from the three mills around the country. It is reported by FBC news. According to the Fiji Sugar Corporation, the Lautoka Mill has crushed 239,357 tonnes of cane, producing 22,058 tonnes of sugar. The FSC states that Lautoka has operat...

 
Philippines increases need for sugar imports

In 2019/2020 MY, the Philippines sugar production will continue to decline and consumption will increase, so the need for sugar imports will increase. Local raw sugar production slightly declined last month to 2,07 million tonnes, but still within the target set by the Sugar Regulatory Administration. While local sugar supply has met industry tar...

 
Brazilian mills slash sugar hedging to lowest level in eight years — Archer Consulting

Brazilian sugar producers have hedged only 58% of their expected exports in the current season, the lowest level in eight years, as low prices reduce the use of futures contracts by mills as a way to guarantee future revenue. It is reported by Nasdaq. According to a report released on Wednesday by Brazil-based Archer Consulting, Brazilian sugar companies have sold forward in New York's ICE the equivalent of around 1...


Lower production expected to tighten global sugar supply — ISO

World sugar supplies are expected to tighten as production declines in 2019-20, but large stocks and indications of declining demand growth may limit recovery in a market battered by low prices, said Jose Orive, executive director of the International Sugar Organization. It is reported by BakingBusiness. «World sugar prices have hit bottom, and signs are pointing to a recovery», — Mr. Orive said Aug. 5 on a panel at the 36th annual International S...

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