World news

Thailand sugar production is forecast to increase slightly to 11.2 million tonnes. It is reported by USDA in its May report. Consumption is expected up in line with anticipated economic recovery and tourism that will drive the domestic demand for sugar. Both household and in...

Egypt production is forecast up 25,000 tonnes to a record 2.8 million on higher sugarbeet area. It is reported by USDA in its May report. The rise in area is attributed to increased sugarbeet demand with the establishment of new processing plants. Consumption is up with population growth...

European Union sugar production is forecast up 576,000 tonnes to 15.5 million as sugarbeet production rebounds compared to the drought-affected crop the year before. It is reported by USDA in its May report. In addition, increased sugarbeet plantings in member states such as Poland, Spain, Romania, Slovakia, and Hungary are expected to more than offset red...

India production is estimated up 4.0 million tonnes to 36.0 million on higher sugarcane area and yields. It is reported by USDA in its May report. Consumption is anticipated to be up on increased demand from bulk buyers and processed food manufacturers. Imports are forecast unchanged while export...

Brazil production is forecast up 4.0 million tonnes to a near-record 42.0 million as favorable weather and increased area are expected to result in additional sugarcane available for crushing. It is reported by USDA in its May report. Favorable sugar prices encouraged farmers to use their land for growing sugarcane instead of grains. The sugar/ethanol production mix is expected to f...

Global production is forecast up 10.6 million tons to 187.9 million with higher production in Brazil and India expected to more than offset a decline in Russia. It is reported by USDA in its May report. Consumption is anticipated to rise to a new record due to growth in markets such as India and Pakistan. Exports are forecast higher as Brazil, India, and T...

Tereos posted record annual sales and earnings supported by high prices but the French sugar and ethanol group expressed caution regarding the sugar beet crop and strength of demand in 2023/24. It is reported by Reuters. Tight global supplies sent global sugar futures SBc1 to 11-1/2 year highs in April while European prices were reaching record levels. The company attributed the result...