World news

Suedzucker, Europe’s largest sugar refiner, on Thursday posted a 142% surge in second-quarter earnings and reaffirmed its estimate of a stronger annual profit with its sugar and biofuels sectors performing well. It is reported by Reuters. Suedzucker posted an increase in group operating profit to 68 million euros ($80 million) in the second quarter of 2020/2021 fiscal year ended August 2020, from 28 millio...

French lawmakers on Tuesday approved a draft bill allowing sugar beet growers to use pesticides that are banned to protect honeybees, a move welcomed by farmers hit by crop disease but condemned by green groups as more backsliding by the government. It is reported by Reuters. The proposal, which contradicts a promise by President Emmanuel Macron during his presidential campaign not to modify the ban on pesticides known as neonicotinoids, aims...

A series of fires hitting cane fields in Brazil’s centre-south region are unlikely to change the outlook for sugar production in the current season, but could impact next year’s season, cane industry group Unica said on Wednesday. It is reported by Reuters. Traders and analysts have cited the fires and the excessive dry weather in Brazil as one of the factors supporting sugar prices’ rise in the latest sessions in New...

In August 2020, China imported 680,000 tonnes of sugar (+56% compared to August 2019). It is reported by Reuters. According to data released by the General Administration of Customs on Wednesday, the total volume of sugar imports to China in 2020 amounted to 2,23 million tonnes...

The United States will expand a quota for Brazilian sugar to be imported at a lower tax rate by 80,000 tonnes, in exchange for South America’s largest country opening to more U.S. ethanol, Brazil’s President Jair Bolsonaro said on Monday. It is reported by Reuters. The Office of the U.S. Trade Representative did not respond to a request for comment. Bolsonaro’s remark on Twitter comes after Brazil on Sept. 11 said it would...

Sugar group Tereos expects the average yield for its French growers in this year’s sugar beet harvest to fall by about 12% from last year after crop disease hit some growing regions, it said on Friday. It is reported by Reuters. Jaundice disease spread by aphids, which have proliferated due to warm weather, have caused severe damage on some farms. To help a sector already weakened by low price...

The European Union is heading for a significant drop in sugar output this year after fields were devastated by pests and dry weather, making the bloc a net importer and pressuring a fragile sugar industry, analysts say. It is reported by Reuters. Sugar production in the EU and Britain is set to fall to 16,1 million tonnes, down from about 17 million in 2019, mainly due to lower sugar beet output in top producer Fr...