World news

The production drop in India will lead to a larger global sugar supply deficit in 2019-20 of 7.7 million tonnes, a development seen as crucial in reducing large stocks in some producing countries that have been pressuring international prices. It is reported by Reuters. India’s 2019-20 sugar production should fall to 26.9 million tonnes, 1.3 million tonnes below an August projection, due to unfavorable weather conditions, broker an...

Suedzucker, Europe’s largest sugar refiner, on Friday raised its forecast of operating profits in its current financial year as environmental concerns have boosted demand for biofuel ethanol enough to partially offset weakness in the sugar sector that is slumping due to a global glut of the sweetener. It is reported by Reuters. «We are seeing robust demand for bioethanol in several European countries, — a Suedzucker spokesman said, — In the current debate about protecting the c...

BP Plc is still looking to close its deal with Bunge Ltd to merge sugar and ethanol assets in Brazil in 2019, so the companies can go on to plan their operations together for the new cane season that starts in early 2020. It is reported by Reuters. BP’s chief executive for biofuels, Mario Lindenhayn, told reporters on the sidelines of Datagro’s sugar conference in Sao Paulo the oil major was just waiting...

Chinese commodities trader COFCO International is investing in its cane processing plants in Brazil to expand ethanol production, as it expects that next season the fuel will again give better returns than sugar. It is reported by Reuters. COFCO is building new distillation columns and tanks at three of its four plants in Brazil, to increase ethanol capacity, the company’s global head of soft commodit...

Italy’s 2020 budget will include new taxes on plastic and sugary drinks designed to raise 1,3 billion euros, government officials said on Monday, prompting protests from producers. It is reported by Reuters. Taxes on sugary drinks, intended to raise revenues while also addressing health issues such as obesity, diabetes and tooth decay, have already been adopted in many countr...

As per latest data compiled by United States Department of Agriculture (USDA), India sugar production will decline for the second consecutive year to 29,3 million tonnes, which is 14,6% below the previous season. It is reported by Indiainfoline. Additionally, as compared to the previous season (MY2018/2019), a lower than expected diversion of cane for sugar production (due to limited cane availability in Ma...

Dutch sugar beet processor, Suiker Unie, has officially put its Green Protein Demo Plant into operation, producing protein from sugar beet foliage. It is reported by Food and Drink International. Green plant leaves contain between 1% and 3% protein. A new process developed and patented by TNO, the Netherlands Organisation for Applied Scientifi...

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...

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...

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...