Ситуація в країнах «price-maker»

India’s 2018-19 sugar production has started gaining momentum across the country as one-fourth of the sugar mills from Uttar Pradesh and 45% from Maharashtra having already started crushing sugarcane.  It is reported by The Economic Times. 29 sugar mills had started crushing operations in UP by Monday evening and another seven are expected to begin operations by Tuesday morning.  A total...

Persistent dry weather and pest attacks are poised to cut India’s sugar output from a record this year even after farmers in the world’s second-largest producer increased plantings. It is reported by Bloomberg. Production may total 28,9 million tonnes in the year that began Oct. 1. That compares with the reduced estimate of 32 million tonnes made last month...

Biosev, the Brazilian sugar and ethanol unit controlled by commodities trader Louis Dreyfus, is open to market opportunities including the potential sale of additional mills, Chief Executive Officer Juan José Blanchard said on Wednesday. It is reported by Reuters. The company sold a mill in September and hired financial advisers to evaluate additional asset sales, as it seeks to reduce a large debt. «We are working careful...

Brazil's center-south is expected to produce 26,38 million tonnes in the 2018/19 season — the lowest amount in 12 years due to a smaller cane crop and higher ethanol production, Datagro consultancy said on Tuesday. It is reported by Nasdaq. Datagro's previous estimate for the season was for production of 27,28 million tonnes. It projected the new sugar season, which starts in April next year, at a similar...

A continuing lack of rain in Europe has slowed sugar beet harvesting as farmers struggle to lift the crop from parched soil, which could further shrink yields this year. It is reported by Reuters. An unusually warm and dry start to autumn has exacerbated summer drought conditions in parts of Europe and has dashed hopes in some crop belts that sugar beet plants woul...

Biosev SA, the Brazilian sugar and ethanol producer controlled by global commodities trader Louis Dreyfus, is in talks to sell more assets in the country as it seeks to cut debt. It is reported by Reuters. Biosev, which announced the sale of a sugar and ethanol mill a month ago, hired Datagro Financial, the financial services division of Sao Paulo-based consultancy Datagro,...

A total of 27,64 million tonnes of sugarcane were crushed in Center-South Brazil during the second half of September, down 28,2% from the 38,51 million tonnes crushed in the first half of September, and down 31,7% from 40,46 million tonnes crushed in the year-ago period, according to data released by trade association UNICA. The volume crushed was about 280,000 tonnes below market expectations, according to an S&P Global Platts survey of analysts. «This is the first fortnight in which the milling of the curre...

France’s farm ministry on Tuesday cut its estimate of the country’s 2018 sugar beet crop to 40,4 million tonnes from 41,1 million last month as it lowered expected yields. It is reported by Business Recorder. The reduced sugar beet crop estimate was 12,7 percent below last year’s volume but 8,8 percent above the five-year average.

A fire last week at a Saint Louis Sucre plant in northern France has delayed the start of beet processing by around a month, parent company Suedzucker, Europe’s largest refiner, said on Wednesday. It is reported by Reuters. The start of the annual production run was initially set for September 24 but the fire caused serious damage and experts’ appraisals were ongoing, a person clo...

Tereos, one of the world’s largest sugar makers, is seeking to cut its sugar beet production next year by 5% and has asked its cooperative members to reduce plantings, citing difficult market conditions. It is reported by Reuters. A surge in output after the European Union abolished production quotas last year and a 50-percent slump in prices since early 2017 in an oversupplied world market have le...