World news

Wet conditions have further delayed the start of the sugar crush on the Burdekin (Queensland, Australia). It is reported by Queensland Country Life. Wilmar's Inkerman Mill was set to fire up on Monday, June 8, after first being delayed from the planned start of Tuesday, June 2. But ongoing...

India's opening sugar stocks for the upcoming marketing year starting Oct. 1 is forecast to drop 21% due to a decline in production over the 2019-2020 season amid low rainfall. It is reported by S&P Global Platts. According to the Indian Sugar Mills Association June 2, opening sugar stocks for the season starting Oct. 1 is forecast to fall to 11,5 million mt, reflecti...

Mills in India, the world’s biggest sugar producer, are likely to churn out around 27 million tonnes of sugar in the current season that began on Oct. 1, 2019, up from the previous forecast of 26,5 million tonnes, the Indian Sugar Mills Association (ISMA) said in a statement. It is reported by Reuters. India’s sugar output is expected to rise nearly 1,89% this year from a previous forecast as the country-wide lockdown to stem the spread of the new coronavirus has...

Indian mills produced 26,5 million tonnes of sugar between October and May, down 19% from a year earlier, due to lower output in the drought-hit western state of Maharashtra, the Indian Sugar Mills Association (ISMA) said on Monday. It is reported by Reuters. The country is the world's biggest sugar producer and lower output could support global prices. Mills in Maharashtra produced 6 million tonnes of sugar from Oct. 1...

Suedzucker on Thursday confirmed a forecast made last month for a strong profit increase in its current financial year on hopes cost savings, strong EU demand and rising sugar prices will lift its core business despite the impact of coronavirus. It is reported by Reuters. Europe’s largest sugar refiner forecast in April that operating profit in its 2020/2021 financial year starting in March would rise to between 300 and 400 million e...

Thailand’s cane output in the 2019/20 season was the lowest in a decade, as prolonged drought undermined yield, a Thai cane and sugar agency said on Wednesday. It is reported by Reuters. Thailand, the world’s second-largest sugar exporter after Brazil, crushed 74.89 million tonnes of sugarcane in the season that ended earlier this month, producing o...

Sugar production in India has registered a decline of 20% at 24,7 million tonnes as of April 15, as the season that started on a bleak note last October, nears its end. It is reported by Business Today. In November, sugar production was lower in the country by over 64% as unseasonal rain and floods had damaged crops in the south and western regions of the cou...

India's sugar production dropped by 22% — to nearly 23,3 mln tonnes in the first half of the current marketing year ending September on lower cane production, industry body ISMA said on Wednesday.  It is reported by LiveMint. Sugar marketing year runs from October to September. The country produced over 33 mln tonnes of sugar in 2018-19 but output is estimated to decline to 26 ...

French sugar and ethanol group Cristal Union said on Friday it was running at low capacity due to a slump in ethanol demand, despite a rise in table sugar output and a surge in production of pharmaceutical alcohol to make sanitary gel. It is reported by Reuters. Global ethanol producers have been suffering from a slump in margins on the fuel linked to concerns over the economic impact of the coronavirus outbreak and the recent co...

International sugar trader Czarnikow cut its estimate for global sugar consumption this year by nearly 2 million tonnes, saying the coronavirus pandemic will reduce overall sugar use in countries that imposed lockdowns. It is reported by Reuters. In a note to clients, the global trader headquartered in Britain said it is reducing by 5% the expected sugar consumption in countries such as China, Germany, France, Ita...