Sugar News - 12 Sep 2024

Argentina - Tucumán Exports Surge By $100 Million, Up 33% In 2024
Brazil - Sugar Prices Rise Over 2% As Brazil Output Falls 6%
Brazil - Brazil Fires And Drought Impact 6.8 Million Tons Sugar Production
Brazil - São Paulo Agribusiness Exports Rise 9.25% To $16.05 Billion
Brazil - Raízen Raises $1 Billion In Green Bonds Amid $3.5 Billion Demand
Brazil - Raízen Issues $500 Million To $750 Million 10-Year Bonds
Brazil - Inpasa Invests R$1.2 Billion In Corn Ethanol Plant In Bahia
Brazil - Corteva And Tereos Train 80 Sugarcane Producers In Sp
Brazil - Study Shows Polymer-Coated Phosphate Fertilizer Boosts Sugarcane Growth
Brazil - Brazil'S Agricultural Production Value Falls 2.3% Despite High Yields
Brazil - Brazil Records Over 5,132 Fires Impacting Agriculture Sector
Brazil - 2024/25 Sugarcane Harvest Targets 21 Million Tons Processed
Brazil - Drought Increases Food Prices: Beans Up 40%, Beef 1.72%
Brazil - Centro-Sul Sugarcane Crushing Hits 422.61 Million Tons
Brazil - 231,83 Thousand Hectares Of Sugarcane Affected By Fires
Brazil - Brazil'S 2023 Grain Harvest Hits Record 316.4 Million Tons
Paraguay - Record Low Paraguay River Disrupts South American Crop Shipments
USA - Sugar Futures Rise Slightly: New York Up 0.09 Cents
United States - Rick Scott'S Pac Raises Over $6 Million, Usda Cuts Sugar Imports

China - China Invests In Sugarcane Bagasse As Brown Sugar Gains Popularity
India - Chuk Launches 100% Compostable Tableware From Sugarcane Bagasse
India - Rajasthan Government Reintroduces Mandi Tax On Jaggery, Sugar, Ghee
India - Rainfall Boosts Rice And Sugarcane Farmers In Ambedkar Nagar
India - Flood-Affected Odisha Farmers Face Pest Threat To Crops
India - Rain Benefits Rice And Sugarcane As Farmers Demand ₹500 Quota
India - Bpcl Approves Two Joint Ventures, Ethanol Capacity Hits 1,623 Crore
India - Indore Traders Protest Halts 1.5 Million Tons Sugar Purchases, Prices Rise
Kyrgyzstan - Kyrgyzstan Sugar Prices Drop To 65 Soms By September 10
Thailand - Over 4,000 Attendees Expected At Sugarex Thailand 2024
Thailand - Ksl Q3 Net Profit Exceeds Expectations, Sugar Prices Pressure Stock
Turkey - Kelkit Sugar Beans Harvest Begins With 700-800 Tons Expected

France - Cristal Union Projects 85 Tons Beet Yield Per Hectare
France - Tereos Begins Decarbonization Using Suez Waste At Sugar Factory
Germany - Sugar Campaign Starts: Appeldorn Factory Operates 24/7
Italy - Italy Manages 70% Of Global Sugar Beet Production And Seeds
Russia - Sugar Beet Hybrid Skala Yields 716 C/Ha, Russia’S 6.1M
Slovakia - Slovakia Imposes €80 Million Sugar Tax Starting 2025
Spain - Sugar Beet Harvest Exceeds 650,000 Tons In Andalusia

Tanzania - Kilombero Sugarcane Farmers Exhibition Set For October 10-12, 2024

World - Global Brown Sugar Market Valued At $15.31 Billion In 2022

Argentina - Tucumán Exports Surge By $100 Million, Up 33% In 2024
Tucumán's exports surged by USD 100 million in the first half of 2024, reaching USD 380.6 million, a 33% increase from 2023. Key sectors like citrus and vehicle parts saw growth of 20-30%. The province exported 138 products to over 140 countries, with the U.S. and Brazil accounting for nearly 50% of imports. Argentina's total exports reached USD 38.2 billion.(El Diario 24)

Brazil - Sugar Prices Rise Over 2% As Brazil Output Falls 6%
Sugar prices rose over 2% in various markets, spurred by a 6% drop in Brazil's Center-South production to 3.258 million tons and rising crude oil prices. In New York, October 2024 sugar increased by 2.30% to 19.22 cents/lbp, while London prices rose 2.44% to $542.90/ton. A global sugar deficit of 3.58 million tons is projected for 2024/25.(Notícias Agrícolas | Revista Globo Rural | Notícias Agrícolas | Inkl)

Brazil - Brazil Fires And Drought Impact 6.8 Million Tons Sugar Production
Brazil is facing severe challenges in its sugarcane sector due to wildfires and drought, with a loss of 5 million tons projected for the 2024 harvest. Approximately 80,000 hectares have burned, pushing sugar prices to R$ 137.06 per 50 kg sack. The total sugar production is revised to 42 million tons, impacting the $2 trillion cane sugar market.(Food Dive | Tempo.com | Band Jornalismo)

Brazil - São Paulo Agribusiness Exports Rise 9.25% To $16.05 Billion
São Paulo's agribusiness exports rose by 9.25% to $16.05 billion from January to August this year, driven mainly by sugar and meat exports. Meanwhile, sugar and alcohol sector entrepreneurs convened in Uberaba to discuss industry challenges and opportunities, focusing on sustainability and innovations to enhance production and pricing dynamics, emphasizing the sector's regional economic significance.(Economia em Pauta | JM Online)

Brazil - Raízen Raises $1 Billion In Green Bonds Amid $3.5 Billion Demand
Raízen issued 10-year green bonds in the international market to refinance debts and for corporate purposes, rated 'BBB' by Fitch Ratings. Coordinated by major banks, the issuance aims to fund eligible projects under its Green Financing Framework. The company previously raised $1.5 billion in sustainability-linked debt in February.(Investing.com Brasil | Revista Globo Rural | Inteligência Financeira | Terra | InfoMoney)

Brazil - Raízen Issues $500 Million To $750 Million 10-Year Bonds
Raízen announced the issuance of 10-year sustainable bonds, amounting to between US$ 500 million and US$ 750 million. The company offers a return premium of 250 basis points above the equivalent Treasury. Proceeds will be used to pay down debt and invest in green financing projects, including renewable energy refueling stations.(br.ADVFN.com)

Brazil - Inpasa Invests R$1.2 Billion In Corn Ethanol Plant In Bahia
Inpasa announced a R$ 1.2 billion investment to build a corn ethanol plant in Luís Eduardo Magalhães, Bahia, aiming to process 1 million tons of corn annually, producing 460 million liters of ethanol and generating 200 GWh of electricity. This project will create 2,500 temporary jobs and 450 permanent positions, enhancing local economy and reducing ethanol imports.(Compre Rural)

Brazil - Corteva And Tereos Train 80 Sugarcane Producers In Sp
Corteva and Tereos conducted a training for about 80 sugarcane producers in São Paulo on September 4-5, focusing on agricultural best practices, pest management, and worker safety. This initiative is part of Corteva's "Expedition Agriculture for Life," aimed at enhancing productivity and sustainability in the sugarcane sector, addressing challenges like pests and diseases.(AgroRevenda)

Brazil - Study Shows Polymer-Coated Phosphate Fertilizer Boosts Sugarcane Growth
A study confirms that polymer-coated phosphate fertilizer significantly enhances sugarcane development in sandy soils. Conducted in São Paulo, it compared conventional and coated sources, showing improved phosphorus availability and reduced application frequency. Brazil, the world's largest sugarcane producer with 8.2 million hectares and 625 million tons in 2022/2023, benefits from this sustainable practice. The research earned Juliana Bonfim Cassimiro a PhD in Agronomy.(AgroRevenda)

Brazil - Brazil'S Agricultural Production Value Falls 2.3% Despite High Yields
In 2023, Brazil's agricultural production value fell by 2.3% despite high yields, with record production of soybeans, sugarcane, corn, and cotton. Corn output reached 132 million tons (+20.2%), while rice dropped 4.5% to 10.3 million tons. The total cultivated area increased by 5.5% to 96.3 million hectares. The agricultural value decreased by 12.2%, totaling R$ 348.7 billion.(ESGDATA)

Brazil - Brazil Records Over 5,132 Fires Impacting Agriculture Sector
Brazil faces severe wildfires impacting agriculture, with over 5,132 fire spots recorded in one day. The agricultural sector, particularly cattle and sugarcane production, is affected, leading to rising sugar and ethanol prices. More than 220,000 hectares of sugarcane are impacted. While business effects seem limited, environmental damage is significant, urging investors to monitor the situation closely.(BP Money)

Brazil - 2024/25 Sugarcane Harvest Targets 21 Million Tons Processed
The 2024/25 sugarcane harvest began in late August with the Santo Antônio and Pindorama mills. By September, additional mills, including Copervales and Santa Clotilde, will start operations, aiming to process 21 million tons of cane and produce over 1.7 million tons of sugar and 470 million liters of ethanol. The harvest is expected to last seven months, concluding in March 2025.(Cada Minuto)

Brazil - Drought Increases Food Prices: Beans Up 40%, Beef 1.72%
The drought in Mato Grosso do Sul is expected to increase food prices, notably beef and sugar, with estimates of a 40% rise in bean prices by year's end. Beef prices have already risen by 1.72%, while sugar increased by 4.45%. The cost of fat cattle has risen from R$ 240 to R$ 250 in 20 days, impacting consumers.(Blog do Nélio)

Brazil - Centro-Sul Sugarcane Crushing Hits 422.61 Million Tons
From the start of the 2024/2025 harvest until September 1, sugarcane crushing in the Centro-Sul reached 422.61 million tons, a 3.93% increase from 406.64 million tons in the previous cycle. Sugar production fell by 6.02% to 3.26 million tons in the second half of August, while ethanol production rose by 7.14% to 20.46 billion liters.(Revista RPA NEWS)

Brazil - 231,83 Thousand Hectares Of Sugarcane Affected By Fires
A partial survey by UNICA indicated that 231,83 thousand hectares of sugarcane in São Paulo were affected by fires in late August. Of this, 132,04 thousand hectares were unharvested. The region saw a 3,25% decrease in sugarcane processing to 45,07 million tons, while the total since the start of the 2024/2025 season reached 422,61 million tons, up 3,93%.(Revista RPA NEWS)

Brazil - Brazil'S 2023 Grain Harvest Hits Record 316.4 Million Tons
Brazil's grain harvest in 2023 reached a record 316.4 million tons, a 19.6% increase from 2022, driven by improved rainfall and productivity. The planted area expanded by 5.5% to 96.3 million hectares. However, the value of production fell by 2.3% to R$ 814.5 billion due to market self-regulation and declining prices. Major crops included soybeans, sugarcane, corn, cotton, and coffee.(Bahia Notícias)

Paraguay - Record Low Paraguay River Disrupts South American Crop Shipments
Low river levels in South America are disrupting grain and oilseed shipments, particularly affecting the Paraguay River, which has reached a record low, surpassing the previous low from October 2021. Drought conditions are also threatening Brazil's coffee and soybean crops, following wildfires that damaged sugar cane fields. The region is currently outside its peak trading season.(Drgnews)

USA - Sugar Futures Rise Slightly: New York Up 0.09 Cents
Sugar futures began Thursday, October 12, with slight gains in New York and London after initially trading lower. New York's October 2024 contract rose 0.09 cents to 18.82 cents/lbp, while London’s October 2024 price was US$ 529.90/ton. Recent price increases were influenced by a rise in oil prices, despite recent declines due to favorable weather for sugarcane crops in Asia.(Notícias Agrícolas)

United States - Rick Scott'S Pac Raises Over $6 Million, Usda Cuts Sugar Imports
Rick Scott's super PAC, Project Rescue America, raised over $6 million since April, with $525,000 from U.S. Sugar Corp. and $250,000 from Florida Crystals Corp. Despite prior criticism, Scott accepted over $1 million from sugar sources and leads Mucarsel-Powell by three points. Meanwhile, USDA cut US sugar import estimates due to improved local supply.(Florida Phoenix | XM)

China - China Invests In Sugarcane Bagasse As Brown Sugar Gains Popularity
China is investing in sugarcane bagasse utilization to enhance its applications across industries, promoting sustainability and resource optimization. Meanwhile, brown sugar, a traditional sweetener from sugarcane juice, is gaining popularity for its rich history and molasses-like quality, enhancing regional dishes and reflecting its valued status in Chinese cuisine.(Band Jornalismo | People's Daily)

India - Chuk Launches 100% Compostable Tableware From Sugarcane Bagasse
CHUK has launched a new 100% compostable tableware collection made from sugarcane bagasse, including a beverage cup, 4-inch dona, and 3cp snack tray. Aimed at reducing single-use plastics, these products meet sustainability needs in the food service industry. CHUK's delivery containers are already popular with brands like Haldiram’s and Taco Bell, showcasing its commitment to eco-friendly solutions.(Agro Spectrum India)

India - Rajasthan Government Reintroduces Mandi Tax On Jaggery, Sugar, Ghee
The Rajasthan state government has reintroduced mandi tax on various commodities, including jaggery, sugar, ghee, and timber, after lifting previous restrictions from 2020. Jaggery and sugar will incur a 0.5% tax, while ghee and timber will face a combined 2.1% tax. This move follows the repeal of three controversial agricultural laws.(ETV Bharat)

India - Rainfall Boosts Rice And Sugarcane Farmers In Ambedkar Nagar
Rainfall has positively impacted rice and sugarcane farmers in Ambedkar Nagar, enhancing their prospects. The weather conditions have brought smiles to the farmers' faces, indicating a potentially fruitful season ahead.(अमर उजाला)

India - Flood-Affected Odisha Farmers Face Pest Threat To Crops
Farmers in Odisha affected by floods face the threat of pests attacking their crops, including sugarcane. The situation raises concerns about the potential impact on agricultural productivity in the region.(ChiniMandi News)

India - Rain Benefits Rice And Sugarcane As Farmers Demand ₹500 Quota
Rain has positively impacted rice and sugarcane crops in Bahraich. Eighty farmers were trained in sugarcane cultivation, focusing on low-cost techniques. Farmers demand ₹500 per quintal for sugarcane. Uttar Pradesh's new procurement policy for 2024-25 prioritizes small farmers. Protests in Shamli and Lakhimpur Kheri highlight payment delays and price hike demands, while Bihar farmers face low prices for sugarcane.(अमर उजाला | प्रभात खबर - Prabhat Khabar | Dainik Bhaskar | Kisan Tak | अमर उजाला | ChiniMandi News | Dainik Bhaskar | Hindustan | Dainik Bhaskar)

India - Bpcl Approves Two Joint Ventures, Ethanol Capacity Hits 1,623 Crore
On September 12, Bharat Petroleum Corporation Ltd (BPCL) approved two joint ventures to enhance its energy initiatives, aiming to strengthen its market position. Additionally, India's ethanol production capacity has reached 1,623 crore liters. These developments signify BPCL's commitment to operational efficiency and sustainable practices in the energy sector.(ChiniMandi News | ChiniMandi News | ChiniMandi News | ChiniMandi News | ChiniMandi News)

India - Indore Traders Protest Halts 1.5 Million Tons Sugar Purchases, Prices Rise
Indore traders' protests have disrupted sugar purchases, affecting approximately 1.5 million tons. Concurrently, sugar prices rose by 1.4% to 18.73 cents per pound, influenced by a 2% increase in crude oil prices. The October white sugar contract also rose 2% to $529.10 per ton, amid pressures from Indian monsoon rains and increased Brazilian production.(Dainik Bhaskar | Revista RPAnews)

Kyrgyzstan - Kyrgyzstan Sugar Prices Drop To 65 Soms By September 10
Wholesale sugar prices in Kyrgyzstan have decreased from 72 soms per kilogram in June 2024 to 69 soms in August, and further to 65 soms by September 10. Some supermarkets are selling sugar at these reduced prices, although there is a daily purchase limit in place.(VESTI.KG)

Thailand - Over 4,000 Attendees Expected At Sugarex Thailand 2024
On September 12-13, 2024, Sugarex Thailand and Agri Expo 2024 will take place at KICE, Khon Kaen, showcasing over 400 brands and attracting more than 4,000 attendees. The event aims to enhance the sugar and agricultural industries in Thailand, featuring innovations and discussions on sustainable practices in sugar production and bioethanol.(ผู้จัดการออนไลน์)

Thailand - Ksl Q3 Net Profit Exceeds Expectations, Sugar Prices Pressure Stock
KSL's net profit for Q3 exceeded expectations, but sugar prices are putting pressure on its stock price.(กรุงเทพธุรกิจ)

Turkey - Kelkit Sugar Beans Harvest Begins With 700-800 Tons Expected
The Kelkit sugar bean harvest began in September, with yields expected between 600-800 tons from 6,000 acres planted in June. Adverse weather has impacted some areas, yet farmers aim to increase acreage to 10,000 acres to boost exports. The crop, which received geographical indication in 2020, plays a significant economic role in the region.(NTV | RayHaber | RaillyNews)

France - Cristal Union Projects 85 Tons Beet Yield Per Hectare
Cristal Union's beet harvest campaign began on September 5, a week earlier than last year, and is expected to last 125 days. The average yield is projected at 85 tons per hectare. Prices are set at €40 per ton at 16°. The cooperative aims to maintain good growth conditions despite anticipated market challenges.(TÉMA Agriculture & Terroirs)

France - Tereos Begins Decarbonization Using Suez Waste At Sugar Factory
Tereos' largest sugar factory is beginning its decarbonization process by utilizing waste from Suez. This initiative aims to reduce carbon emissions and promote sustainable practices in the sugar industry.(Les Échos)

Germany - Sugar Campaign Starts: Appeldorn Factory Operates 24/7
The sugar campaign has begun, with the Pfeifer & Langen factory in Appeldorn operating around the clock. The company processes sugar beets at six sites in Germany and 13 across Europe, supplying the food industry and retail with products like Diamant and Kölner Zucker, and also producing animal feed from sugar beets.(Rheinische Post)

Italy - Italy Manages 70% Of Global Sugar Beet Production And Seeds
Italy manages over 70% of global sugar beet production through a technical agreement involving Assosementi, focusing on preventing genetic contamination and ensuring high-quality products. In 2024, 7,000 hectares will be dedicated to seed multiplication. This collaboration aims to strengthen the sugar beet supply chain, underscoring Italy's pivotal role in the global market for sugar beet seeds.(Agricultura.it | Agricolae.eu)

Russia - Sugar Beet Hybrid Skala Yields 716 C/Ha, Russia’S 6.1M
On September 10, Bashkortostan reported a top sugar beet hybrid, Skala, yielding 716 c/ha with 13.9% sugar content. Sugar production in Russia is projected at least 6.1 million tons, despite a decrease in beet collection to 7 million tons. Harvesting is challenged by dry weather and conflicts affecting 160,000 hectares.(Агроинвестор | Агроинвестор)

Slovakia - Slovakia Imposes €80 Million Sugar Tax Starting 2025
Slovakia's parliament passed a sugar tax bill on September 11, 2024, imposing a 15 cents per litre tax on sugary drinks, with special rates for energy drinks and syrups. The government expects to generate €80 million in 2025, €109 million in 2026, and €110 million in 2027, despite opposition from beverage producers citing impacts on low-income households.(The Slovak Spectator)

Spain - Sugar Beet Harvest Exceeds 650,000 Tons In Andalusia
The sugar beet campaign in Andalusia, which began on May 24, is concluding successfully, with over 95% of the 9,000 hectares harvested. Production is expected to exceed 650,000 tons, aided by favorable conditions. The new "guaranteed sucrose model" ensures farmers receive a price based on each plot's potential. Pest damage has been minimal and manageable.(ABC de Sevilla)

Tanzania - Kilombero Sugarcane Farmers Exhibition Set For October 10-12, 2024
Sugarcane farmers in Kilombero District will benefit from innovations at the Kilombero Sugarcane Farmers Exhibition Day from October 10-12, 2024. Supported by various partners, the event aims to enhance production and efficiency through modern technologies. It will feature live demonstrations, workshops, and discussions to tackle challenges in the sugar industry, with free participation for all stakeholders.(IPPmedia)

World - Global Brown Sugar Market Valued At $15.31 Billion In 2022
The global brown sugar market was valued at $15.31 billion in 2022 and is projected to grow at a CAGR of approximately 8.33% from 2023 to 2028. Key challenges include the rise in obesity and diabetes, affecting sugar consumption. Major players include Cargill, American Crystal Sugar Company, and Tate & Lyle Sugars.(Coin Plus（コインプラス）)