World news

 
Barbados began sugar cane harvest

In Barbados, the 2022 sugar cane season started on Monday, March 14. It is reported by nationnews. Minister of Agriculture Indar Weir announced at a press conference, which was held at Portvale Sugar Factory earlier today, that 100 000 tonnes of sugar cane woul...

 
India 2021/2022 sugar output could reach a record high — ISMA

India could export a record 7.5 million tonnes of sugar in the 2021/22 marketing year, nearly 25% more than the previous estimate, with output set to reach a record high thanks to beneficial weather, a leading trade body said on Friday. It is reported by Reuters. Higher exports from the world's second-biggest sugar producer could weigh on global prices. Mills have so far signed contracts to export 6 million tonnes of sugar...

 
Cuba's sugar industry headed toward worst season ever as production falters

The Cuban sugar industry is barreling again toward its worst season ever, according to official media reports and sources, threatening to dent both national pride and economic growth. It is reported by Reuters. The 2022 harvest is set to fall well short of last year's record low, according to official data and two local sugar experts. It is currently running at least 30% shy...

 
UK sugar beet growers gain extra insecticide for virus yellows

Sugar beet growers now have a choice of approved insecticides for controlling aphids carrying beet yellows virus  following the approval of InSyst. It is reported by Farmers Weekly. Following the loss of Biscaya (thiacloprid), growers were down to just one authorised foliar product – Tepekki (flonicamid) – with just one application...


Sugar group Tereos posts higher earnings

French sugar and ethanol group Tereos on Wednesday reported a jump in third-quarter core earnings as high prices helped offset a poor harvest in Brazil. It is reported by Reuters. Tereos, the world's second largest sugar maker by volume, said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter ending D...

 
Philippines seeks to import refined sugar to cover shortfall

The Philippines plans to import 200,000 tonnes of standard and bottler's grade refined sugar to address a supply shortfall caused by crop damage from a powerful typhoon that hit plantations in December, the industry regulator said on Tuesday. It is reported by bangkokpost. The Sugar Regulatory Administration (SRA), in a statement, said the Philippines was bracing for a "very tight" sugar stock balance, which will not cove...

 
Brazil sugar production headed for another drop

Brazil’s largest sugar-producing region is suffering from a second year of record drought, threatening to cause another short crop in 2022/23 that could prolong high sugar prices. It is reported by gro-intelligence. The Gro Drought Index (GDI) shows that sugarcane-growing areas of São Paulo state, which produces more than half of Brazil’s total sugarca...


Suedzucker confirms 90% quarterly profit surge

Europe's largest sugar producer Suedzucker confirmed a rise of about 90% in third quarter operating profit on Thursday as an improved sugar market boosted earnings. It is reported by Reuters. Suedzucker said operating profit in the three months to Nov. 30 rose to 127 million euros ($145.30 million) on sales up 17.4% to 2.04 billion euros. Suedzucker repeate...

 
China's sugar import slowed down

Chinese sugar imports will remain low and sharply below last year's levels, despite the recent weakness in raw sugar futures, as the sweetener's prices in China fall and ocean freight stays expensive, sugar consultancy CovrigAnalytics said on Tuesday. It is reported by Reuters. «The drop in Chinese domestic prices is not surprising as domestic production is picking up and on a seasonal basis shall reach a peak by the end of January»,...

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