World news

The Port of Gdansk Authority SA and Krajowa Spolka Cukrowa S.A. signed an agreement on a lease of property for the construction of a new transshipment and shipping terminal along with access infrastructure intended for handling the transport of sugar. The new facility will be located right next to the Nabrzeze Wislane, which will enable entry and loading of ships with a la...

China will boost mechanization of its sugar industry over the next five years as part of a broader plan to upgrade domestic production. It is reported by The Business Times. China aims to plant 70% of its sugarcane and 98% of sugar beet with machinery by 2022, up from 40% and 80% at present, according to a five-...

South Africa’s Tongaat Hulett reported a 5% rise in half-year profit, boosted by recovered production after a two-year drought. It is reported by Moneyweb. Diluted headline earnings per share — the main profit measure in South Africa — rose to 573,8 cents per share in the six months ended Sept. 30 comp...

In Brazil, Platts expects the US to export 1,7 billion liters of ethanol to Brazil next year, down slightly from the 1,8 billion liters seen for this year despite the new 20% import duty on imports above 600 million liters. It is reported by Reuters. Center-south mills won’t be able to boost supplies to the north-northeast as higher gasoline prices boost demand for ethanol. US ethanol could increase market...

On Friday, November 10, Australia and Peru signed a free trade pact that will eliminate nearly all tariffs Australian exporters face in Peru in a boost for Australia's sugar industry, Prime Minister Malcolm Turnbull said. It is reported by Reuters. The deal marks one of the first steps toward reducing trade barriers in the Pacific region after US President Donald Trump withdrew the United States from the 12-nat...

In Australia cane crushing has once again been delayed because of Mother Nature. It is reported by NewsMail. Bundaberg Sugar operations general manager David Pickering told the storm had delayed harvesting by a few days for both Millaquin and Bingera mills. «Many power...

Last week American Crystal Sugar Co. released their forecast payments for the 2017 sugar beet crop and announced the final payment for the 2016 crop. It is reported by AreaVoices. For the 2017 beet crop the initial payment projection is 46 USD per tonn. The company will withhold 4 USD per tonn for unit retains. The 2016 crop final payment wil...

South African sugar producer — Tongaat Hulett — expects half-year profit to rise 4,8% as production recovered after a two-year drought. It is reported by MailOnline. The sugar operations have seen the beginning of the production volume recovery after the drought conditions of the previous two years. The company said headline e...

India’s cabinet approved a 5% increase in the price of ethanol to ease pressure on suppliers of the fuel and cut crude imports. It is reported be Reuters. The price of ethanol was fixed at 40,85 rupees (17,16 UAH) per liter before tax, and would be applicable for a year starting Dec. 1. India has been aiming to boost the...

The Philippines raw-sugar production as of October 15 has reached 67 810 tonnes, nearly 17% lower than the 81 615 tonnes recorded in the same period last year, according to data from the Sugar Regulatory Administration (SRA).   It is reported by BusinessMirror. Raw-sugar demand during the period was pegged at 285 046 tonnes, 1.84% lower than last year’s 290 380 tonnes. The SRA data showed that the num...