Sugar News - 11 Sep 2024
China - China Attracts Foreign Investment With New Measures For Growth
India - 10-Day Sugarcane Survey Fair Starts September 11 In Mau
India - 13,900 Quintals Of Sugar Stuck In Warehouses For 7 Years
India - Karnataka Bjp Leaders Protest For Sugar Mill Operation
India - Uttar Pradesh Sugar Prices Drop By Rs 15-20 Per Quintal
India - Ethanol Production Capacity In India Reaches 1,623 Crore Litres
Mpuat Partners With Six Seed Companies For Crop Yield Boost
Indian Sugar Industry To Use By-Products For Biogas Production
India - Farmers Earn ₹50,000 Monthly From 10 Kattha With ₹15,000 Cost
Indonesia - Empowerment Program Aims To Boost Sugar Processing In Lombok
Indonesia - Indonesia Proposes 2.5% Excise Tax On Sugary Drinks By 2025
Indonesia - Pertamina Awaits Subsidy Decision Before Expanding Ethanol Blend
Indonesia - Sugar Yield Nears 10% As Production Hits 87,000 Tons
Kyrgyzstan - Kyrgyzstan Urged To Protect Farmers For Sugar Security
Malaysia - Malaysia Proposes Sugar Tax Hike On Ready-To-Drink Products
Pakistan - Ramzan Sugar Mills Reference Returned; Next Hearing Set For 2024
Philippines - Sugar Allocation Order Expected To Benefit Producers
Turkey - Niğde Farmers Lose Hope For 2024 Sugar Beet Prices
Turkey - Harvest Of Çamoluk Sugar Dry Beans Begins With 75-80 Tons Expected
Vietnam - Vietnam Reviews Trade Measures For Sugar Products In 60 Days
Bolivia - Producers Await Reports On Biotechnology Use In Bolivia
Brasil - Sugar Prices Rise 20% Amid Climate Issues, Coffee Declines
Brazil - Fires Threaten Food Inflation Amid 0.02% Disinflation Rate
Brazil - Fire Engulfs Sugarcane Bagasse At Viterra Bioenergia Mill
Brazil - Sugar Futures Rise 2.02%, Approaching 19 Cents Per Pound
Brazil - Usina Cerradinho Bio Fire Affects Sugarcane Bagasse Storage
Brazil - Drought Delays Planting, Pressures Brazilian Agribusiness Sectors
Brazil - Drought Affects Brazil'S Center-South, Soy Premiums Rise 1.3%
Brazil - Brazil Leads Latin America With 9.5 Million Tons Of Sugar
Brazil - Czarnikow Cuts Brazil'S Sugar Production Estimate By 9% To 39.2 Million Tons
Brazil - Brazil Produces 40 Million Tons Sugar, Exports Up 27.1%
Brazil - Agroindustries Get R$ 100,000 Loans At 2% Interest
Guyana - Seven Indian Experts To Aid Guyana'S 60% Sugar Industry Recovery
Mexico - Cane Juice Business Launches In Paso Del Macho At 40 Pesos
France - Beet Harvest Below Average Due To Weather And Diseases
Germany - Zuckerfabrik Schladen Redirects Beets To Three German Plants
Spain - Over 95% Of 9,000 Hectares Harvested, 650,000 Tons Projected
Ukraine - Ukrainian Sugar Producers Negotiate $158 Million Export Quota
Ukraine - Sugar Averages 36.52 Uah/Kg; Salt 35.74 Uah/Kg
Egypt - Egypt'S Gasc Delays Sugar Tender Deadline For Suppliers
Kenya - Suspicious Fires Destroy 1,000 Acres, Cost Sh180 Million
Uganda - Farmers Yield 28,000 Liters Per Acre, Earn Sh14 Million
Russia - Eggs Down 2.5%, Sugar Down 1.4%, Dairy Up 3%
Russia - Russia Sugar Prices Drop 8.5% Year-On-Year Amid Production Challenges
World - Golden Sugar Market Expected To Grow From 2024 To 2031
World - Sugar Futures Rise 1% After Five Sessions Of Declines
China - China Attracts Foreign Investment With New Measures For Growth
China has introduced measures to attract foreign investment, enhancing coordination of domestic and foreign investment policies. Foreign-funded enterprises are showing interest as restrictions, especially in manufacturing, are eased. The focus is on innovation and market recognition, with an emphasis on digitization and green development. These policies aim to boost economic competitiveness and provide growth opportunities for foreign enterprises.(Dainik Savera Times)
India - 10-Day Sugarcane Survey Fair Starts September 11 In Mau
A 10-day sugarcane survey and betting fair will begin on September 11 in Mau. The District Cane Officer stated the event aims to support sugarcane farmers, providing them with valuable information and resources. The fair will serve as a platform for enhancing awareness and promoting the interests of local farmers.(Dainik Bhaskar)
India - Karnataka Bjp Leaders Protest For Sugar Mill Operation
BJP leaders in Karnataka are protesting for a sugar mill's operation, highlighting local agricultural issues. In Hapur, Simbhawali Sugar Mill paid ₹6.88 crore to farmers amid protests, with ₹247 crore still outstanding. Farmers in Baghpat demand overdue sugarcane payments, while Bhakiyu Jankalyan calls for sugarcane prices to rise to ₹500 per quintal.(ChiniMandi News | Newstrack | Dainik Bhaskar | ChiniMandi News)
India - Uttar Pradesh Sugar Prices Drop By Rs 15-20 Per Quintal
Sugar prices in Uttar Pradesh dropped by Rs 15-20 per quintal due to weak demand, with M-grade sugar at Rs 3,740 to Rs 3,770 and S-grade at Rs 3,560 to Rs 3,620. Meanwhile, 613 quintals of sugar worth ₹24.52 lakh are rotting in Bikaner due to government negligence, highlighting bureaucratic inefficiency.(ChiniMandi News | The Economic Times | Economic Times | अमर उजाला)
India - Ethanol Production Capacity In India Reaches 1,623 Crore Litres
Mpuat Partners With Six Seed Companies For Crop Yield Boost
Indian Sugar Industry To Use By-Products For Biogas Production
India's ethanol production capacity has increased from 518 crore liters in 2017-18 to 1,623 crore liters in 2023-24, with a goal of 20% blending by 2025. Meanwhile, MPUAT partnered with six seed companies to improve agricultural practices, focusing on sugarcane and crop yields, and promote biogas production from sugar industry by-products for sustainability.(ChiniMandi News | ChiniMandi News | ChiniMandi News)
India - Farmers Earn ₹50,000 Monthly From 10 Kattha With ₹15,000 Cost
Farmers earn ₹50,000 monthly from 10 kattha of a specific crop with a cost of ₹15,000, showcasing profitability. Sugarcane farmers face September challenges, emphasizing communication and work focus. In Bihar, 40 farmers received training to enhance agricultural techniques. Azamgarh farmers are encouraged to boost sugarcane supply, while Udaipur farmers report lower prices following an MPUAT agreement.(News18 हिंदी | News18 हिंदी | अमर उजाला | Wortheum | अमर उजाला | ChiniMandi News)
Indonesia - Empowerment Program Aims To Boost Sugar Processing In Lombok
Empowerment programs in Lombok aim to enhance sugar processing through training in technology, packaging innovation, and digital marketing. Meanwhile, PTPN Grup's establishment of three sub-holdings supports food security, reporting a profit of Rp107.68 billion in 2024, alongside nine awards for plantation performance. These initiatives focus on increasing capacity, efficiency, and market reach.(SUARA NTB | Lampost.co)
Indonesia - Indonesia Proposes 2.5% Excise Tax On Sugary Drinks By 2025
INDONESIA PLANS TO IMPLEMENT A 2.5 PERCENT EXCISE TAX ON SWEETENED BEVERAGES BY 2025, AIMING TO CURB SUGAR CONSUMPTION AND IMPROVE PUBLIC HEALTH. THE INITIATIVE IS PART OF THE 2025 STATE BUDGET PLAN AND MAY RISE TO 20% DEPENDING ON ECONOMIC STABILITY AND GOVERNMENT APPROVAL.(ChiniMandi News | ChiniMandi News)
Indonesia - Pertamina Awaits Subsidy Decision Before Expanding Ethanol Blend
Pertamina is awaiting a decision from Indonesia's government regarding the subsidy for ethanol prices compared to subsidized gasoline before proceeding with expanding its ethanol blend.(Quantum Commodity Intelligence)
Indonesia - Sugar Yield Nears 10% As Production Hits 87,000 Tons
PG Krebet Baru in East Java reported a sugar yield nearing 10% with production reaching 87,000 tons in the first half of 2024, a 101% increase from 2023. The total production target for 2024 is 296,000 tons. In Riau, granulated sugar prices rose by 0.28%, while West Java saw a decline in prices for rice, sugar, and chili.(Jawa Timur - Bisnis.com | Databoks.id | Databoks.id)
Kyrgyzstan - Kyrgyzstan Urged To Protect Farmers For Sugar Security
The article discusses the importance of sugar security in Kyrgyzstan, emphasizing the need to protect local farmers. It highlights the challenges faced by the agricultural sector and stresses that safeguarding farmers is crucial for the country's economic stability and food security. The government is urged to implement supportive measures to enhance the resilience of the farming community.(Акчабар)
Malaysia - Malaysia Proposes Sugar Tax Hike On Ready-To-Drink Products
Malaysia's government proposed a sugar tax hike on ready-to-drink products to address health concerns. The current tax is 50 sen per litre, which previously reduced sugary drink consumption by 9.25%. The impact on food and beverage makers is expected to be minimal, as companies like Nestle and F&N can adjust prices or formulations to maintain sales.(ChiniMandi News | Head Topics | The Star Online)
Pakistan - Ramzan Sugar Mills Reference Returned; Next Hearing Set For 2024
The accountability court has initiated the process to return the Ramzan Sugar Mills reference against Prime Minister Shehbaz Sharif and Hamza Shehbaz to the National Accountability Bureau. The court granted Shehbaz a permanent exemption from appearance and scheduled further hearings for October 1, 2024. Hamza Shehbaz was excused from attending due to medical reasons.(Dunya News)
Philippines - Sugar Allocation Order Expected To Benefit Producers
The article discusses a sugar allocation order that is expected to benefit producers. Specific details about the order or its implications for the sugar market were not provided. The overall impact on production and pricing remains to be seen as the situation develops.(Malaya)
Turkey - Niğde Farmers Lose Hope For 2024 Sugar Beet Prices
Niğde farmers are losing hope for sugar beet prices in 2024 due to rising production costs and stagnant prices, leading many to consider halting production. Meanwhile, Çorum Şeker Fabrikası has started its beet purchasing season, with MP Yusuf Ahlatcı highlighting the importance of smooth delivery processes and Safi Holding's plans to enhance production capacity, benefiting local farmers and the economy.(Borhaber | Osmancık Haber)
Turkey - Harvest Of Çamoluk Sugar Dry Beans Begins With 75-80 Tons Expected
Harvesting of the geographically marked Çamoluk sugar dry beans has begun in Giresun's Çamoluk district. The beans, registered in May 2018, are cultivated on 300-350 decares, with an expected yield of 75-80 tons. The municipality aims to increase production areas to 500-600 decares next year and 3,000 decares in five years, enhancing farmers' incomes.(Habertürk)
Vietnam - Vietnam Reviews Trade Measures For Sugar Products In 60 Days
THE MINISTRY OF INDUSTRY AND TRADE OF VIETNAM HAS INITIATED A REVIEW OF TRADE REMEDY MEASURES FOR CERTAIN SUGAR PRODUCTS, FOLLOWING A REQUEST FROM THE VIETNAM SUGARCANE AND SUGAR ASSOCIATION. DECISION NO 2386/QĐ-BCT WAS ISSUED ON SEPTEMBER 6. RELEVANT PARTIES HAVE 60 WORKING DAYS TO REGISTER THEIR INTERESTS IN THE REVIEW PROCESS.(Viet Nam News)
Bolivia - Producers Await Reports On Biotechnology Use In Bolivia
Producers are awaiting reports on the use of biotechnology in Bolivia. The focus is on the potential benefits and impacts of biotechnological advancements in agriculture. These reports are expected to provide critical insights for producers to make informed decisions regarding the adoption of these technologies.(El Mundo (Bolivia))
Brasil - Sugar Prices Rise 20% Amid Climate Issues, Coffee Declines
Sugar prices in New York are rising due to critical weather conditions in São Paulo, which has seen nearly four months without rain, while coffee prices decline. In Mato Grosso do Sul, drought may increase meat and sugar prices. Additionally, climate change could reduce Brazil's sugarcane production by 20% in the next decade, with a forecasted drop of 3.8% for 2024/2025.(Revista Globo Rural | Coxim Agora | Portal WMais)
Brazil - Fires Threaten Food Inflation Amid 0.02% Disinflation Rate
The recent fires in Brazil, affecting areas from Pantanal to São Paulo, threaten to increase food inflation, particularly for crops like sugarcane, where 75% is exported. However, economists urge caution, noting a current disinflation rate of 0.02%. Potential price increases are expected for avocados, oranges, and meats, but the actual impact will depend on stock levels and time.(Diário do Nordeste)
Brazil - Fire Engulfs Sugarcane Bagasse At Viterra Bioenergia Mill
A fire broke out at Viterra Bioenergia's sugarcane mill in Guararapes, SP, on October 10, igniting a pile of sugarcane bagasse. Firefighters from Araçatuba and regional mills were called to extinguish the blaze, with no reported injuries. The cause remains unknown, and thick smoke affected the area, drawing residents' attention. Bagasse is a byproduct used primarily for bioenergy.(Revista RPA NEWS)
Brazil - Sugar Futures Rise 2.02%, Approaching 19 Cents Per Pound
Futures prices for sugar rose up to 2.02% on October 11, influenced by a similar gain in crude oil prices. In New York, October 2024 sugar closed at 18.73 cents/lbp, while London’s October 2024 reached $529.10/ton. Brazilian sugar prices also increased slightly, with crystal sugar at R$ 138.90/saca.(Notícias Agrícolas)
Brazil - Usina Cerradinho Bio Fire Affects Sugarcane Bagasse Storage
A Usina Cerradinho Bio, located in Chapadão do Céu, GO, experienced a fire in its sugarcane bagasse storage on Monday, October 9. The blaze spread rapidly due to dry weather but was contained by the efforts of the plant's teams and aerial support. No injuries occurred, with damage limited to biomass. The company has not yet reported material losses.(Revista RPA NEWS)
Brazil - Drought Delays Planting, Pressures Brazilian Agribusiness Sectors
The article discusses how drought is delaying planting and putting pressure on various sectors of the Brazilian agribusiness. Specific impacts on crop yields and economic consequences were likely highlighted, but details are inaccessible due to server restrictions.(Expressão Notícias -)
Brazil - Drought Affects Brazil'S Center-South, Soy Premiums Rise 1.3%
The prolonged drought in Brazil's Center-South is disrupting the agricultural calendar and raising concerns about reduced crop yields and inflationary pressures, according to Finance Minister Fernando Haddad. Key crops like soy, corn, and sugarcane are affected, with soy premiums rising over 1.3% this month. Experts warn of a new climate reality requiring adaptation strategies for farmers.(AgFeed)
Brazil - Brazil Leads Latin America With 9.5 Million Tons Of Sugar
Brazil leads Latin America in sugar consumption, with 9.5 million metric tons annually, making it the fifth largest consumer globally and the top exporter, supplying over 40% of the world's sugar. Peru also shows high sugar consumption, raising health concerns like obesity and diabetes, particularly among children, due to increased intake of sugary products.(entrevista con Magacín 247)
Brazil - Czarnikow Cuts Brazil'S Sugar Production Estimate By 9% To 39.2 Million Tons
Czarnikow has reduced Brazil's Center-South sugar production estimate for 2024/25 by nearly 9% to 39.2 million tons due to dry weather and wildfires affecting 230,000 hectares. This marks a decline of over 7% from the previous record. Additionally, approximately 600,000 hectares of sugarcane have been burned, impacting overall crop yields and prices.(Revista RPA NEWS | Money Times | Inteligência Financeira | Band Jornalismo)
Brazil - Brazil Produces 40 Million Tons Sugar, Exports Up 27.1%
Brazil produced 40 million tons of sugar in 2023, representing 20% of global output, with exports increasing by 27.1% to 11.6 million tons. In São Paulo, fires affected 231.83 thousand hectares of sugarcane, causing 2 billion reais in damages.(Revista RPA NEWS | Terra | Band Jornalismo | Revista RPA NEWS)
Brazil - Agroindustries Get R$ 100,000 Loans At 2% Interest
The Secretaria de Agricultura's Prosperar Program offers R$ 100,000 loans at 2% interest to strengthen family agroindustries, funding 26 contracts since 2020. Corteva trained 80 sugarcane suppliers on good practices to enhance productivity. Additionally, AI technology is expected to boost sugarcane production by 10.9% to 677.6 million tons in 2023/24, improving herbicide management efficiency.(Super Rádio Tupi | Intertv Web | AgroRevenda)
Guyana - Seven Indian Experts To Aid Guyana'S 60% Sugar Industry Recovery
Seven Indian sugar industry experts will join the management of the Guyana Sugar Corporation to enhance mechanization and transformation efforts. President Ali noted a 60% contraction in the industry due to drought and emphasized the need for reinvestment. Current initiatives include increased mechanization in cane harvesting (43%) and restoring neglected infrastructure, aiming for recovery in 2023.(ChiniMandi News)
Mexico - Cane Juice Business Launches In Paso Del Macho At 40 Pesos
Victor Blanco Fuentes and Noeben Guzmán Pacheco have launched a new business selling cane juice in Paso del Macho, promoting its health benefits without preservatives. The juice is priced at 40 pesos per liter and 20 pesos per half-liter. This unique venture caters to the local population of over 25,000, primarily engaged in agricultural work.(El Sol de Córdoba)
France - Beet Harvest Below Average Due To Weather And Diseases
La récolte de betteraves sera en dessous de la moyenne en raison de conditions météorologiques défavorables et de maladies. Les producteurs s'attendent à des rendements réduits, impactant ainsi la production globale de cette culture essentielle.(La Voix du Nord)
Germany - Zuckerfabrik Schladen Redirects Beets To Three German Plants
Nordzucker is redirecting sugar beets from the Schladen plant to Uelzen, Clauen, and Klein Wanzleben due to a defect. The new sugar beet campaign began on August 9, increasing truck traffic in Klein Wanzleben and potentially causing travel delays of 15 to 30 minutes. Road safety is emphasized, particularly at night, with traffic peaking on B246 and B246A.(top agrar online | Volksstimme)
Spain - Over 95% Of 9,000 Hectares Harvested, 650,000 Tons Projected
95% of the 9,000 hectares of sugar beet in Andalusia have been harvested since May 24, 2024, with production projected to exceed 650,000 tons, aided by favorable weather and technology.(Telemotril | juntadeandalucia.es)
Ukraine - Ukrainian Sugar Producers Negotiate $158 Million Export Quota
Ukrainian sugar producers are negotiating the division of a $158 million duty-free export quota to the EU, with an expected annual quota of 262,600 tons in 2025. The move aims to stabilize exports, as Ukraine produces 1.55 million tons against a domestic demand of 950,000 tons. The plan may favor large agribusinesses while smaller producers could struggle.(Деловой портал DELO.UA)
Ukraine - Sugar Averages 36.52 Uah/Kg; Salt 35.74 Uah/Kg
As of September 11, sugar averages 36.52 UAH/kg in Ukraine, ranging from 34.89 UAH/kg at Novus to 41.40 UAH/kg at MegaMarket. Sea salt costs about 35.74 UAH/kg, with the lowest price at Auchan at 33.88 UAH/kg. Sliced wheat bread is priced at 34.45 UAH for 650 grams.(UKR.NET)
Egypt - Egypt'S Gasc Delays Sugar Tender Deadline For Suppliers
Egypt's General Authority for Supply Commodities (GASC) has postponed the deadline for offers in its sugar tender. The new timeline allows suppliers more time to submit their bids, reflecting ongoing adjustments in the market. Specific details regarding the new deadline and the volume of sugar sought were not disclosed in the announcement.(XM)
Kenya - Suspicious Fires Destroy 1,000 Acres, Cost Sh180 Million
Suspicious fires have devastated over 1,000 acres of sugarcane farms in Kisumu County, including 300 acres of Kibos Sugar's estate. The fires, which began in June, have destroyed 36,000 tonnes of sugarcane, amounting to Sh180 million in losses. Farmers face significant financial impacts, with individual losses like Mr. Sylvanus Onyango's Sh7.9 million. Kibos attributes the incidents to sabotage.(Business Daily)
Uganda - Farmers Yield 28,000 Liters Per Acre, Earn Sh14 Million
Farmers from Mukono Sugarcane Out Growers Cooperative Society are producing sugarcane juice to avoid exploitation by millers and add value to their crop. They can yield 28,000 liters per acre, earning Sh14 million annually. Due to a ban on sugar exports to Kenya, raw cane prices have dropped from Sh240,000 to Sh80,000 per ton, affecting farmer incomes.(Monitor)
Russia - Eggs Down 2.5%, Sugar Down 1.4%, Dairy Up 3%
In the Volgograd region, from September 3 to 9, 2024, prices for various food items changed. Eggs decreased by 2.5%, sugar by 1.4%, and several vegetables saw significant drops, with cabbage down 8.1%. However, dairy products rose, with sterilized milk increasing by 3%. Overall, the cost of lunch in eateries rose by 0.3%.(РИАЦ)
Russia - Russia Sugar Prices Drop 8.5% Year-On-Year Amid Production Challenges
Sugar prices in Russia are decreasing despite a 12% production decline, with forecasts at 6.1–6.2 million tons. Retail prices are 76 rubles per kg, down 0.2% year-on-year. Wholesale prices fell 8.5% year-on-year, but challenges in sugar beet production may cause future price increases. In Penza, sugar costs 67-75 rubles per kg.(Forbes Russia | https://stolica58.ru)
World - Golden Sugar Market Expected To Grow From 2024 To 2031
Golden Sugar, a natural sweetener derived from sugarcane or sugar beet, is gaining prominence in the food industry due to rising consumer demand for healthier alternatives. The market is expected to grow significantly from 2024 to 2031, driven by trends towards minimally processed products. Key players include Domino and Tate & Lyle, with opportunities for new entrants in this competitive landscape.(WhaTech)
World - Sugar Futures Rise 1% After Five Sessions Of Declines
Sugar futures prices rose approximately 1% on November 11, recovering from five sessions of declines. In New York, October 2024 increased to 18.77 cents/lbp, while in London, it rose to $590.00/ton. The rebound correlates with a recent drop in WTI crude oil prices, indicating potential shifts in sugar trading dynamics.(Notícias Agrícolas | Barchart)