World news

Bunge Ltd. Is selling its 50% share in BP Bunge Bioenergia to BP, its partner in the joint venture formed in 2019.  The transaction is expected to close in the fourth quarter of 2024, at which time BP will own 100% of the business. It is reported by bakingbusiness. «We are pleased with the way the business is operating and the great work the team has done to become a leader in sugar and bioenergy since we created t...

Brazil's Copersucar, the world's largest sugar merchant, is upbeat on sugar prices in the mid-term as dry weather in the world's top producer should confirm a smaller production in the 2024/25 season that started in April. It is reported by ChiniMandi. Copersucar Chief Executive Tomas Manzano told reporters on an earnings call on Wednesday that prices should rise from current levels close to 19 cents per pound in New...

Egypt has enough strategic sugar reserves to last six months. It is reported by Reuters. Egypt has sufficient strategic sugar reserves to last six months, the supply ministry said on Monday without detailing the size of its reserves. The country expects to...

UNICA, the Brazilian sugarcane industry association, has announced that the volume of sugarcane processed during the first half of May was consistent with the same period of 2023. Ethanol production was up slightly, and sales were up significantly.  It is reported by ethanolproducer. Mills in the south-central region of Brazil processed 44.75 million metric tons of sugarcane during the first half of May, up 0.43% when compared the same pe...

France's second-largest sugar maker Cristal Union on Tuesday posted a record net profit of 307 million euros ($334 million) for its 2023/24 financial year, up 72% from the 179 million reported a year earlier, helped by high sugar prices. It is reported by MarketScreener. Sales were up 20% at 2.8 billion euros in the year ended Jan. 31, while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 50...

As per the data from industry group UNICA released on Friday, sugar production in Brazil’s centre-south region surged by 0.97% in the first half of May compared to the same period last year. It is reported by ChiniMandi. UNICA reported that mills in the region produced 2.57 million tonnes of sugar in the said period. For the 2024-25 season through mid-May, sugar production rose...

The 2023/24 sugar beet campaign finally concluded, later than usual, with the Cantley factory slicing the last sugar beet of the campaign on Friday 19th April. It is reported by farmersguide.co.uk. British Sugar’s four factories processed over eight million tonnes of sugar beet during the campaign from September 2023 through to April 2024,...

India may allow sugar exports after assessing the final sugarcane sowing and output in the 2024-25 season, as the world's biggest producer after Brazil is expecting a lower sugar output of 30 million tonnes next season, sources said. For the current 2023-24 season ending September, sugar production has reached 31.5 million tonnes so far, with the final output likely to touch 31.8 million tonne...

Turkey sugar production is forecast up 50,000 tonnes to 3.2 million. It is reported by USDA in its May report. Consumption is up slightly with higher production while stocks are forecast unchanged.

Australia production is forecast to increase 100,000 tonnes to 4.2 million due to an increase in sugarcane available for processing as a result of expected favorable weather. It is reported by USDA in its May report. Consumption is forecast to increase in line with population growth while exports are also forecast up with the higher available supplies.