News of «price-maker» countries


Brazil's center-south seen reducing sugar output 2019/2020 — Biosev

Brazil’s 2019/20 center-south sugar output seen at 25.9 million tonnes versus 26.5 million tonnes in 2018/19, says sugar group Biosev. It is reported by Reuters. Biosev sees Brazil’s 2019/20 center-south (CS) ethanol output at 32.1 billion liters versus 30.9 billion liters in 2018/19. Brazil’s CS sugar output w...

 
India 2019/2020 sugar output could fall 20%

India’s sugar output could fall 20% to the lowest level in three years in 2019/20 after drought last year forced farmers to curb cane planting and as floods this year damaged crops in key growing areas, a senior industry official said on Thursday. It is reported by Reuters. Lower production could help the world’s biggest sugar producer to reduce stockpiles that have been boosted by two years of record output and lower-than-expected exp...

 
Brazilian mills slash sugar hedging to lowest level in eight years — Archer Consulting

Brazilian sugar producers have hedged only 58% of their expected exports in the current season, the lowest level in eight years, as low prices reduce the use of futures contracts by mills as a way to guarantee future revenue. It is reported by Nasdaq. According to a report released on Wednesday by Brazil-based Archer Consulting, Brazilian sugar companies have sold forward in New York's ICE the equivalent of around 1...

 
In United Kingdom sugar beet producers may quit crop after neonicotinoid ban

With yields plunging, sugar beet growers in United Kingdom may discontinue growing crop in wake of neonicotinoid insecticide ban. It is reported by geneticliteracyproject. Sugar beet is a crop that has always demanded close attention to grow well, but Norfolk grower Mark Means has taken that meaning to a whole new level....

 
India's monsoon rains 35% below average

Monsoon rains were 35% below average in the week ending on Wednesday, with little rainfall over the central, western and northern parts of the country, the weather office said, raising concerns over the output of summer-sown crops. It is reported by Business Standard. Monsoon rains are crucial for farm output and economic growth as about 55% of India's arable land is rain-supplied and agriculture forms about 15% of a $2.5...

 
India to build buffer stock of four million tonnes of sugar

India will build a buffer stock of 4 million tonnes of sugar in an attempt to cut a surplus of the sweetener and support local prices that are under pressure due to record production, the government said in a statement on Wednesday. It is reported by Reuters. The world’s second biggest sugar producer will spend 16,74 billion rupees ($242,68 million) on buffer stocks in the year starting Aug. 1, it said. India had a bu...

 
Thai sugar output seen down 7% in 2019/2020

Thailand is expected to produce around 13 million tonnes of sugar in the upcoming growing season, down 7% from a year earlier, the country’s cane and sugar body said on Tuesday. It is reported by Reuters. «Scant rainfall and decreased acreage in the world’s second-largest sugar exporter would cut cane output in the 2019/20 season, which begins around November,...

 
India’s sugar production could fall by 18% — WISMA

India’s sugar production could fall by 18% in 2019/20 as last year’s drought forced farmers to curtail their sugar cane plantings while lower monsoon rains this year are limiting the crop’s growth, a senior industry official said. It is reported by Reuters. The lower production could help India to reduced stockpiles that have risen because of two years of record production and lower-than-expected exports. India is the world&...

 
Indian sugar production will decrease by 14% — ISMA

India’s sugar production is estimated to decline 14 per cent to 28,2 million tonnes in the next marketing year starting October, mainly due to fall in sugarcane acreage due to less rains in states like Maharashtra and Karnataka, according to industry body ISMA. It is reported by Telangana Today. Sugar output is likely to be at 32,95 million tonnes in the current 2018/2019 marketing year (October-September), Indian Sugar Mills Association (ISMA) said in a...

 
India suffers driest June in five years, fears for crops

India had its driest June in five years due to a delay in monsoon rains, the weather department said late on Sunday, raising fears for crops and the broader economy. It is reported by Reuters. Overall, rains were a third below average, although in some states, including the sugar cane growing northern state of Uttar Pradesh, they were as much as 61 percent down...

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