World news

India’s biggest sugar producing state has raised the price mills must pay for the new crop by 3,3%. It is reported by Reuters. Uttar Pradesh raised the cane price to 315 rupees (UAH 126) per 100 kg for the crop year that began this month, up from 305 rupees (UAH 122) in the previous year. The fed...

Traders shipped 100,662.51 tonnes (MT) of raw sugar to China and Japan as part of efforts to reduce the country’s sugar inventory, according to the Philippine Sugar Millers Association Inc. (PSMA). It is reported my BusinessMirror. PSMA Executive Director, Francisco D. Varua, said the volume is part of the 140,000 tonnes of sugar that Philippine traders would export to countries other th...

In Australia crushing was resumed at Wilmar Sugar's Plane Creek Mill in the early hours of Monday morning after a five-day wet weather stoppage. It is reported by Daily Mercury. Proserpine is expected to start up around 4 am on Tuesday morning when contractors started cutting again on Monday. The mill was shut down for five days as well due...

On October 17 the government of Pakistan announced that the import duty on beet sugar, cane sugar and white crystalline cane sugar was hiked to 40%, up from 20% previously. It is reported by Dawn. The government has raised the duty on over 250 products in an attempt to lower the trade deficit and gather revenues to finance export subsidies.

As of the end of September, 13,59 million tonnes of sugarcane were harvested in Argentina. It is reported by the government portal. With the sugarcane season drawing to a close in Tucuman, seven mills have shut operations while the remaining eight are preparing to stop by end-Octobe...

Low sugar prices in 2017 due to surplus production will dent profits, resulting in reduced sugar beet acreage in 2018 in Kuban region.  It is reported by Delovata Gazeta. According to Kubansakharprom Association, sugar output so far has increased by 240,000 tonnes to 1 million and is expected to hit 1,5 million tonnes by the e...

Pakistan sugar production is forecast at a record 6,5 million tonnes for MY 2017/18, up six percent from the initial forecast of 6 million tonnes due to an increase in area, better cane yields, and improved sugar recovery rates. It is reported by Reuters. Record production is expected in the face of record stocks and is likely to present a challenge for the industry if it is unable to export. While the government did not a...

In Australia heavy rains have brought crushing at five Mackay region sugar mills to a halt as growers struggle to harvest. It is reported by Daily Mercury. Widespread coastal rain has severely limited harvesting operations and all of Wilmar Sugar's eight mills had run out of cane to crush by lunchtime. Cane...

On 11 October, the wholesale price of sugar in the southern Federal district made up of 24,48 RUB for kg with the VAT. This is 28% below the level of the beginning of the year (34 RUB per kg). When compared with the end of June, when the figure reached to 42?5 RUB per kg, sugar became cheaper by 1,7 times. «Agroinvestor» writes about it. In January-August the production of sugar in Russia in comparison with the same period in 2016 increased by 37,5% — to 1,14 million tonnes. In part...

Suedzucker, Europe’s largest sugar refiner, said high revenues in its sugar and biofuels sectors helped propel a strong rise in second quarter earnings, and the company remained optimistic as the European Union’s liberalized sugar market starts. It is reported be Reuters. Suedzucker confirmed its previous forecast for group operating result in its current 2017/18 financial year of 425 to 500 million euros ($ 505-594 million) against 426 mi...