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Global sugar deficit 2021/2022 will set 1,1 million tonnes — StoneX

A global deficit in sugar supplies in the 2021/22 season is expected to reduce by 42% due to a better than expected sugar production in India, the world's second largest producer of the sweetener, broker StoneX said on Wednesday. It is reported by Successful Faming. StoneX raised its estimate for India's 2021/22 sugar output to 33.2 million tonnes for the October to September period, 5% more than projected in January, a...


Suedzucker's annual profit jumps nearly 40% on strong sugar and bioethanol

Europe's largest sugar producer Suedzucker on Monday posted a rise of almost 40% in full year operating profit as improved sugar and bioethanol markets boosted earnings. It is reported by Reuters. Group operating profit in the full financial year 2021/22 to the end of February rose to 330 million euros ($362.37 million) from 236 million euros in the previous year,...

 
USDA sees U.S. sugar beet area down 1,4%

The US Department of Agriculture in its March 30 Prospective Plantings report said farmers intend to plant 1,143,400 acres of sugar beets in 2022, down 16,600 acres, or 1.4%, from 1,160,000 acres planted in 2021.  It is reported by bakingbusiness. Planting intentions were down 3,000 acres, or 0.7%, in top-producing Minnesota at 424,000 acres. But planted area in No. 2 North Dakota were unchanged from 20...

 
UK increased the number of beet varieties allowed for use in 2023

Two new high-yielding sugar beet varieties with tolerance to beet cyst nematode are the highlight of the nine new beet varieties approved for use for beet growers in spring 2023. It is reported by Farmers Weekly. Harryetta and Button are added to the new Recommended List (RL) of sugar beet varieties for 2023, both having tolerance to the yield-damaging nematode. The firs...

 
India to restrict sugar exports to 8 mln tonnes

India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices and could cap this season’s exports at 8 million tonnes. It is reported by hellenicshippingnews. «Sugar output is going to be a record high, but stocks are depleting fast because of exports. Uncontrolled exports could create scarcity and local...

 
Uttar Pradesh sugar output seen down 10%

Sugar production in Uttar Pradesh, the country’s largest cane producing state, is likely to fall around 10% year-on-year to under 10 mln tonnes in the October 2021-September 2022 season, according to industry sources. It is reported by Financial Express. The dip in production is primarily due to diversion into ethanol production, but rising disease and pest infestation also impacted the output. Sugar recovery ha...

 
Thai's sugar output heads for 3-year high on bigger crop

Sugar production in Thailand, a top exporter of the sweetener, is heading for a three-year high after an end to two years of drought-like weather conditions improved crop prospects. It is reported by Bangkok Post. Output may reach 10 million tonnes by the end of the current crushing season on March 31, according to Thai Sugar Millers Corp. The mills produced 9.6 million tonnes...

 
Nigeria needs 250,000 ha of land to end sugar importation

The Federal Government has disclosed that for Nigeria to meet its sugar sufficiency and stop the importation of 1.7 million tonnes of raw sugar annually, Nigeria will need to develop about 250,000 hectares of lands It is reported by New Telegraphng. Already, the country has an annual demand of 1.75 mln tonnes of sugar for industrial and domestic use. Government also added that for the country to achie...

 
Maharashtra beats up with record sugar production this season

Maharashtra is looking at record sugar production in the 2021-22 season, leaving its closest competitor Uttar Pradesh far behind. As of Monday, 197 mills in Maharashtra have crushed 107,258 mln tonnes of cane to produce 11,116 mln tonnes of sugar. Uttar Pradesh has reported production of 7,8 mln tonnes of sugar so far this season It is reported by Financial Express. Maharashtra sugar commissioner Shekhar Gaikwad said total production in the state is likely to touch 12,5 mln tonne by the end of the season, the highest t...

 
Kenya sugar miller plans to construct new factory

A local firm is seeking the approval of the environmental watchdog to construct a new sugar factory in Siaya County. It is reported by Business Daily. Seal Sugar Mill says it is looking for a green light from the National Environment Management Authority (Nema) to build the factory in Alego Usonga sub county, whi...

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