Ситуація в країнах «price-maker»

The Indian Sugar Mills Association (ISMA) reduced its 2019/2020 sugar production forecast by 5%, compared to the previous expectations. It is reported by Reuters. India is expected to produce 26,85 million tonnes of sugar in the current year that began in October 2019, a 5% drop compared to a previous estimate of 28,2 million tonne...

The production drop in India will lead to a larger global sugar supply deficit in 2019-20 of 7.7 million tonnes, a development seen as crucial in reducing large stocks in some producing countries that have been pressuring international prices. It is reported by Reuters. India’s 2019-20 sugar production should fall to 26.9 million tonnes, 1.3 million tonnes below an August projection, due to unfavorable weather conditions, broker an...

BP Plc is still looking to close its deal with Bunge Ltd to merge sugar and ethanol assets in Brazil in 2019, so the companies can go on to plan their operations together for the new cane season that starts in early 2020. It is reported by Reuters. BP’s chief executive for biofuels, Mario Lindenhayn, told reporters on the sidelines of Datagro’s sugar conference in Sao Paulo the oil major was just waiting...

Chinese commodities trader COFCO International is investing in its cane processing plants in Brazil to expand ethanol production, as it expects that next season the fuel will again give better returns than sugar. It is reported by Reuters. COFCO is building new distillation columns and tanks at three of its four plants in Brazil, to increase ethanol capacity, the company’s global head of soft commodit...

As per latest data compiled by United States Department of Agriculture (USDA), India sugar production will decline for the second consecutive year to 29,3 million tonnes, which is 14,6% below the previous season. It is reported by Indiainfoline. Additionally, as compared to the previous season (MY2018/2019), a lower than expected diversion of cane for sugar production (due to limited cane availability in Ma...

The sugar output in Maharashtra will be lower than expected after the floods damaged crops and as some farmers sell cane for feed. It is reported by BusinessLine. Production in the state may total to 5,3 million tonnes in the year starting October 1, compared with a previous estimate of 6,44 million tonnes, said Shekhar Gaikwa...

Dry weather in some major European Union sugar-producing regions is causing concern as beet harvesting starts, experts said on Friday. It is reported by Reuters. A combination of low prices and restrictions on insecticide use has turned some farmers away from sugar. EU refined sugar output in the season now starting could fall...

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’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 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...