Sugar News - 03 Oct 2024
India - Uttar Pradesh Sugar Mills Owe Rs 2,889 Crore In Interest
India - Andhra Pradesh Sugarcane Area Falls Over 60% To 40,000 Hectares
Indonesia - Sgn And Ptpn I Launch Sugar Cane Management Over 59,301 Hectares
Philippines - El Niño Cuts Negros Sugar Production, Ends Milling Season Early
Turkey - Kütahya Sugar Beet Harvest Begins With 2,375 Tl Per Ton
Vietnam - Vietnam'S Sugarcane Industry Recovers With 6.79 Tons Per Hectare
Argentina - Sugarcane Powers 17,000 Homes With 20 Mw Clean Energy
Brazil - Lawmakers Oppose Federal Decree Penalizing 12,000 Farmers For Fires
Mexico - Cane Producers Face 140 Million Losses, Atencingo Expects 1.6 Million
France - Crédit Agricole Aids Sugarcane Growers With Financial Support
Russia - State Duma Proposes Color-Coded Labeling For Sugars, Fats
Ukraine - Ukrainian Sugar Exports Expand To Mediterranean And North Africa
World - Global Functional Sugar Market Set To Grow Significantly By 2031
India - Uttar Pradesh Sugar Mills Owe Rs 2,889 Crore In Interest
Uttar Pradesh sugar mills owe Rs 2,889.64 crore in interest for delayed payments to sugarcane farmers over four crushing seasons (2015-16, 2018-19, 2019-20, and 2020-21). The total interest liability may exceed Rs 15,000 crore. Delayed payments remain a significant issue, despite improvements due to higher sugar prices and ethanol profits. The High Court case could intensify pressure on mills.(Rural Voice English)
India - Domestic Sugar Prices Rise By Rs 10 Ahead Of Festive Season
Domestic sugar prices rose by Rs 10 per quintal as sellers anticipate higher prices for the festive season, with average demand noted. M-grade sugar in Muzaffarnagar is priced between Rs 3,930 and Rs 3,980, while S-grade sugar in Kolhapur ranges from Rs 3,590 to Rs 3,660. Internationally, London White Sugar #5 trades at $570.80 per ton.(ChiniMandi News)
India - India Sugar & Bio-Energy Conference 2024 Supports 25 Million Livelihoods
The India Sugar & Bio-Energy Conference 2024, organized by ISMA in partnership with the government and ISO, focused on sustainable growth in the sugar and bio-energy sectors. ISMA President M Prabhakar Rao highlighted the industry's resilience, supporting over 25 million livelihoods. The event launched 'ISMA Times' to track trends and promote innovation in sustainability.(Chemical Industry Digest)
India - Zuari Industries Hosts 150 Farmers At Sugarcane Roundtable Event
Zuari Industries held a roundtable conference on September 30 - October 1, 2024, at Gobind Sugar Mill, Uttar Pradesh, focusing on enhancing sugarcane yield and climate-smart agriculture. Approximately 150 farmers and 40 experts participated, discussing challenges like climate change and mechanization. The event aimed to foster collaboration and implement innovative strategies for sustainable sugarcane farming in India.(ChiniMandi News)
Indonesia - Sgn And Ptpn I Launch Sugar Cane Management Over 59,301 Hectares
PT Sinergi Gula Nusantara (SGN) and PTPN I launched an Operational Cooperation (KSO) for integrated sugar cane management. This initiative, following a partnership agreement signed on August 9, 2024, aims to boost sugar productivity in line with the National Sugar Self-Sufficiency Roadmap 2030. SGN will manage 59,301 hectares of sugar cane farms to enhance supply and optimize sugar production.(Surya.co.id)
Philippines - El Niño Cuts Negros Sugar Production, Ends Milling Season Early
El Niño has led to a decrease in sugar production in Negros, resulting in an early end to the milling season. This climate phenomenon has adversely affected crop yields, impacting the local sugar industry significantly.(MSN)
Turkey - Kütahya Sugar Beet Harvest Begins With 2,375 Tl Per Ton
Sugar beet harvesting has begun in Kütahya, with farmers working diligently in the Ikizhöyük neighborhood. The yield this year is reported to be very good, with a factory price of 2,375 TL per ton. Approximately 1,200 farmers in Kütahya produce around 350,000 tons of sugar beets annually, contributing significantly to the country's sugar needs.(Milli Gazete)
Vietnam - Vietnam'S Sugarcane Industry Recovers With 6.79 Tons Per Hectare
Vietnam's sugarcane industry is recovering in 2024, with nearly 175,000 hectares yielding 6.79 metric tons per hectare. Record prices of VND1.3 million ($53) per ton are reported, with farmers earning VND68 million ($2,764) per hectare. However, challenges remain, including competition from private traders and HFCS imports, which totaled 230,000 metric tons in 2023.(TUOI TRE NEWS)
Argentina - Sugarcane Powers 17,000 Homes With 20 Mw Clean Energy
Sugarcane in Tucumán is now supplying clean energy to 17,000 households, marking a milestone for Argentina. The La Florida mill has launched a cogeneration plant utilizing sugarcane bagasse, generating up to 20 MW of electricity. This initiative promotes sustainability and reduces carbon emissions while supporting local agriculture and the economy, with a projected contribution of $2 billion to Tucumán.(El Diario 24)
Brazil - Lawmakers Oppose Federal Decree Penalizing 12,000 Farmers For Fires
Federal lawmakers and Orplana oppose Federal Decree No. 12,189/2024, which penalizes producers for field fires, affecting over 12,000 farmers. They argue that the decree imposes heavy fines and presumes guilt, advocating for sanctions against true offenders instead. Orplana represents over 35 associations, emphasizing the need for justice in agricultural production and environmental protection.(Notícias Agrícolas | Revista RPA NEWS)
Mexico - Cane Producers Face 140 Million Losses, Atencingo Expects 1.6 Million
Cane producers in Quintana Roo are preparing for the 2024-2025 harvest after incurring losses of 140 million pesos in the previous season. Meanwhile, the Ingenio de Atencingo projects a harvest of 1.6 million tons of sugar cane, up by 80,000 tons. Both regions face challenges but expect favorable weather as the season begins mid-November.(24 HORAS QUINTANA ROO | Enlace Noticias)
France - Crédit Agricole Aids Sugarcane Growers With Financial Support
Crédit Agricole has approved measures to assist sugarcane growers in Réunion facing financial difficulties due to poor harvests. The bank's board met on September 26 to validate a set of solutions aimed at providing cash flow support to these struggling farmers.(Eco Austral)
Russia - State Duma Proposes Color-Coded Labeling For Sugars, Fats
The State Duma has proposed implementing a color-coded labeling system for products containing sugars and fats. Boris Chernyshev, Deputy Chairman of the State Duma, has addressed this suggestion to Anna Popova, head of the Federal Service for Surveillance on Consumer Rights Protection and Human Wellbeing.(DairyNews)
Ukraine - Ukrainian Sugar Exports Expand To Mediterranean And North Africa
Ukrainian sugar exports are expanding into the Mediterranean and North Africa. This growth reflects increased market demand and strategic trade initiatives, boosting Ukraine's position in the global sugar market.(AgroPortal.ua)
World - Global Functional Sugar Market Set To Grow Significantly By 2031
The global functional sugar market is expected to grow significantly from 2024 to 2031, driven by key players like FrieslandCampina and Ingredion. The report analyzes market drivers, restraints, trends, and forecasts, covering various applications including food and beverages. It also evaluates market dynamics across regions such as North America and Europe, providing insights for strategic business decisions.(El Nuevo Insular)