Sugar News - 15 Sep 2024
China - China Invests In Sustainable Uses For Sugarcane Bagasse
India - Ai Enhances Sugarcane Farming As India Targets 20% Ethanol Blending
India - Sugarcane Survey Fair Addresses Farmers' Issues Amid Policy Changes
India - India'S Ethanol And Sugar Dilemma Impacts Farmers' Livelihoods
India - Doiwala Employees Receive Salary Arrears; Farmers Report 2,500 Damaged Bags
India - Tikait Urges ₹500 Support Price As Farmers Plan Highway Blockade
India - Sugar Stocks Rise Amid Market And Sensex Declines
India - Bb Thombre And Rohit Pawar Elected For 113 Sugar Mills
India - Free Sale Sugar Quota 2.35 Million Tons For September
India - Polyhalite Boosts Sugarcane Yield By 65.97 T Ha−1
India - Heavy Rains Boost Rice Area To 102.21 Lakh Hectares
India - Jahangirabad Sugar Mill Manager Assures Farmers Of Solutions
India - Tamil Nadu Orders Ponni Sugars To Pay Additional Cane Price
India - Sugarcane Supply Open For Members Registered By September 30
India - Sugarcane Productivity And Sugar Recovery Rate Set To Rise
India - Farmers Urged To Protect Sugarcane From Top Borer Pest
India - Heavy Rainfall Damages 78 Mm Crops In Shahjahanpur, Up
India - Karnataka Proposes 25% Sugar Cap In Beer Labeling Rules
India - Drought Disease Affects Sugarcane Growth, Timely Treatment Crucial
India - Iit Roorkee Hosts Workshop With 45 Farmers On Jaggery Production
India - Winter Sugarcane Sowing Begins, Boosting Upcoming Production Cycle
India - Sugarcane Planting Starts In Uttarula, Boosts Profits By Intercropping
India - Iit Roorkee Hosts Odop Workshop For 45 Farmers On Jaggery Production
India - Bku Promises Protests Against Illegal Sugar Cane Collection In India
India - Farmers Must Now Make Online Payments To Jaggery Operators
India - Iit Roorkee Hosts Odop Workshop With 45 Farmers Participating
India - Root Borer Pests Found In Sugarcane Varieties In Yamuna Nagar
India - Uttar Pradesh Sets 65% Supply Limit For New Committee Members
India - Floodwaters Inundate Pilibhit Villages, Threatening 3.51 Lakh Cusecs
India - Sugarcane Fair Held In Anupshahr, Addressing Farmers' Issues
India - Ponni Sugars Ordered To Pay Additional Cane Price Of Rs. 6.52 Crores
India - Kushinagar Institute To Provide 11,924 Quintals Of Seeds
India - Muzaffarnagar And Bagpat Sugar Mills To Undergo Modernization
Indonesia - Nsdc And National Council To Accelerate Sugar Projects Next Year
Indonesia - Minahasa Residents Spend Rp1,954.17 Weekly, Cirebon Guarantees 35
Indonesia - Palm Sugar Innovations: 4 Kg In 8 Hours Training Sessions
Indonesia - Sugar Prices Hit Rp 15,190, Local Prices Mixed Across Regions
Indonesia - Ptpn I Regional 5 Optimistic For 2024 Production Target
Indonesia - Thirty Hectares Of Sugarcane Land Burned In Lumajang
Indonesia - Students Produce Liquid Organic Fertilizer From Sugarcane Waste
Indonesia - Indonesia Plans 2025 Excise Tax, Rp4.38 Trillion Target
Japan - Typhoon No. 13 Hits Okinawa, Maximum Wind Speed 20.1 Meters
Kyrgyzstan - Kyrgyzstan Expects Record 900,000 Tons Sugar Beet Harvest
Malaysia - Malaysia To Raise Sugar Tax By 20% In 2025
Pakistan - Pakistan Approves 50% Wheat, Sugar, Fertilizer Imports Through Gwadar
Pakistan - Farmers Urge Export Of 1.5 Million Tons Surplus Sugar
Thailand - Ksl Reports Higher-Than-Expected Q3 Net Profit Amid Sugar Prices
Thailand - Satellite Technology Boosts Sugarcane Production And Reduces Pm2.5
Turkey - Malatya Set To Produce 56,000 Tons Of Sugar
Vietnam - Vietnam Tightens Border Controls Against Thai Sugar Smuggling
Argentina - Sugarcane Burning Raises Dextran Levels From 4.2 To 11 Mg
Argentina - Tucumán Sugar Harvest Reaches 76% With 13.25 Million Tons
Argentina - Sugarcane Yields 74,580 Kg/Ha Amid 10% Production Decrease
Brasil - Raízen Issues $1 Billion Green Bonds With 5.70% Interest
Brasil - White Sugar Deliveries At Ice Estimated At 544,600 Tons
Brasil - Wildfires Cause Sugar Prices Up 2.36% And Beans Up 40%
Brazil - Climate Change May Cut Brazil'S Agricultural Area And Productivity By 30%
Brazil - Mato Grosso Do Sul Exports Fall 6% To $6.949 Billion
Brazil - Chapéu De Palha Pays 10,468 Workers R$ 18.64 Million Loss
Brazil - Fires Consume 231,830 Hectares; Brazil Sees 170,000 Fires
Brazil - Bndes Approves R$ 500 Million For Fs Ethanol Expansion, 17 Companies
Brazil - Sugar Prices Rise 1.8% As Production Concerns Drive Losses
Brazil - Sugar Prices Rise To R$ 140.25 Per 50 Kg Sack
Brazil - Sugar Prices Rise: New York Up 0.16 Cents, London $5.10
Brazil - Prf Lectures Reach 150 Sugarcane Transport Drivers In Pernambuco
Brazil - Burns Drive Sugar Prices Up To $0.25 Per Pound
Brazil - Brazil'S Sugar Production Decreased By 6% In August
Brazil - Federal University Network Launches 21 Sugarcane Varieties
Brazil - Future Fuel Bill Expected To Boost Investments By 2027
Brazil - Sugar Futures Rise 6% As Production Declines To 3.26 Million Tons
Brazil - Sugarcane Wildfires Cause R$ 1.2 Billion In Losses
Brazil - Contegran Invests R$ 1 Billion, Promises 1,000 Jobs By 2026
Brazil - Raízen Ceo Discusses Electrification Amidst Cautious Chinese Soybean Purchases
Brazil - Sugar Production Estimate Cut By Nearly 9% In Brazil
Brazil - Burns In São Paulo Sugarcane Fields Cause R$ 1.2 Billion Losses
Colombia - Colombian Sugar Industry Sees 8.42% Income Increase To 1.1 Trillion
Mexico - Quintana Roo Producers Demand 50 Million Pesos For Flood Losses
Panama - Panama Exports Reach $561.7 Million In First Seven Months
Paraguay - Paraguayan Cane Sales Surge From G. 600M To G. 3B
Paraguay - Sugarcane Sector Mobilizes For Protests On September 16, 2024
United States - Usda Reports 44,100 Strv Deficit As Sugar Prices Rise
United States - Interest Rate Cut Predicted By Economists At Quarter-Point
अमेरिका - Farmers Assess Sugarcane Damage After Hurricane Francine
Belarus - Zhabinkov Sugar Plant Shows Beet Piles Worth 2.40 Rubles/Kg
France - Marie Surgelés Upgrades Sugar Dosing Station For 800 Kg Sauces
France - Bourdon Sugar Factory Site Sold: 20 Hectares Acquired
France - Sugar Beet Campaigns: 20% More Beets, 30% Agroecology By
Germany - Farmers Anxious About Data Impact On Zuckerfabrik Schladen
Germany - Nordzucker Factory Defect Delays Beet Processing Amid Higher Yields
Poland - Poland'S Inflation Hits 4.3%, Sugar Prices Down 25.7%
Russia - Volgodonsk Leads Sugar And Vegetable Prices In Rostov Region
Russia - Tambov Agrarians Harvest 620,000 Tons, Process 390,000 Tons Beets
Spain - 95% Of 9,000 Hectares Harvested In Andalucía Sugar Beet Campaign
Ukraine - Sugar Factories Produce 47,000 Tons Of Sugar In Ukraine
Ukraine - Ukraine'S 2023 Grain Down 12%, Sugar Production 1.6 Million Tons
Kenya - Immediate Enactment Of Sugar Bill Critical For Kenya'S Farmers
Niger - Nsdc Targets 2025 For 100,000-Hectare Sugar Project Expansion
Tunisia - Sugar Supply Doubles, Stabilizing Prices And Improving Availability
Tunisia - Tunisia Has 35,000 Tonnes Of Sugar, 40,000 Expected Soon
World - Speculators Increase Short Position In Raw Sugar, Coffee Stable
World - Global Food Prices Drop 0.3% To 120.7 Points In August
World - Sugar Prices Drop 4.7%, Crude Oil Prices Decline
World - Musu Sugar Market $1.5 Billion, Global Packaging $1.8 Billion
Russia - Agrosila Invests 5.4 Billion Rubles In Zainsky Sugar Plant
Russia - No Sugar Price Increase Predicted, 35,000 Tons Targeted
Australia - Labour Dispute Ends With 12% Pay Increase For 1,300 Workers
Fiji - Fiji'S Sugar Cane Needs 250,000 Tonnes Rain Forecasted
China - China Invests In Sustainable Uses For Sugarcane Bagasse
China is investing in sustainable uses for sugarcane bagasse, which is the byproduct after sugar and alcohol production. Previously discarded, bagasse now has multiple applications, contributing to the green economy.(Band Jornalismo)
India - Ai Enhances Sugarcane Farming As India Targets 20% Ethanol Blending
Maharashtra's Sangli district is utilizing artificial intelligence in sugarcane farming through a collaboration with IIT Roorkee and the Department for Promotion of Industry and Internal Trade to improve efficiency and productivity. Meanwhile, India targets 20% ethanol blending with petrol by 2025 as part of its goal for net zero carbon emissions by 2070, despite facing implementation challenges.(ChiniMandi News | NDTV Profit)
India - Sugarcane Survey Fair Addresses Farmers' Issues Amid Policy Changes
The ten-day sugarcane survey and exhibition fair has begun to address farmers' issues, organized by IIT Roorkee and others. Additionally, the Uttar Pradesh government's sugarcane betting policy aims to reduce these issues. Farmers are also applying to participate in the speculation fair due to survey discrepancies, focusing on pricing and market challenges.(ChiniMandi News | ChiniMandi News | ChiniMandi News)
India - India'S Ethanol And Sugar Dilemma Impacts Farmers' Livelihoods
India is facing a dilemma between ethanol production and sugar, highlighting challenges in balancing energy needs with food security. Meanwhile, farmers support the state's new sugarcane betting policy, which aims to enhance sugarcane production and improve financial stability, thus boosting the agricultural sector and supporting local economies.(LA NOTA DEL DÍA MÉXICO | Ehapur न्यूज़)
India - Doiwala Employees Receive Salary Arrears; Farmers Report 2,500 Damaged Bags
Doiwala sugar mill employees received pending salary arrears, providing financial relief. Meanwhile, farmers from Sarvkhap Sammanvay Kisan Manch protested for unpaid sugarcane dues, staging a sit-in and hunger strike. In Thanjavur, farmers reported over 2,500 bags of sugar damaged due to mismanagement at Arignar Anna Sugar Mill, demanding government intervention to avoid further protests.(uktez.com | ChiniMandi News | DTNEXT)
India - Tikait Urges ₹500 Support Price As Farmers Plan Highway Blockade
Chaudhary Naresh Tikait urged the government to set the sugarcane support price at ₹500 per quintal, recalling a 2014 promise of ₹450. Sugarcane farmers plan a highway blockade on the 20th due to ongoing issues. The Sarvkhap Sammanvay Kisan Manch protests for outstanding dues, emphasizing the urgent need for financial resolution in agriculture.(NBT नवभारत टाइम्स (Navbharat Times) | Dainik Bhaskar | ChiniMandi News)
India - Sugar Stocks Rise Amid Market And Sensex Declines
Sugar stocks have risen despite a general decline in the stock market and a dip in the Sensex, indicating a positive trend in the sugar sector.(The Economic Times | Economic Times)
India - Bb Thombre And Rohit Pawar Elected For 113 Sugar Mills
BB Thombre has been elected chairman and Rohit Pawar deputy chairman of the West Indian Sugar Mills Association (WISMA) on September 14. WISMA represents 113 private sugar mills in Maharashtra. An 11-member executive committee was also elected during the meeting in Pune. Thombre is the CMD of Natural Sugar, while Pawar is the CEO of Baramati Agro Ltd.(ThePrint | LatestLY | Business Standard | CNBCTV18 | Devdiscourse)
India - Free Sale Sugar Quota 2.35 Million Tons For September
The central food ministry has set a free sale sugar quota of 2.35 million tons for September 2024, an increase from August's 2.2 million tons. Sugar prices in India fell by ₹15-20 per quintal in Uttar Pradesh, with M-grade sugar priced at ₹3,725-3,750. The sugar industry, valued at ₹12.5 lakh crore, is cautious regarding the new 2024 order.(Investing.com भारत | Business Standard | ChiniMandi News | ChiniMandi News | CNBCTV18 | The Bridge Chronicle)
India - Polyhalite Boosts Sugarcane Yield By 65.97 T Ha−1
The study found that using a 50% mix of muriate potash and polyhalite at 80 kg K2O ha−1 significantly enhanced sugarcane growth, yield, and quality in semiarid regions, yielding up to 65.97 t ha−1. Insect pest attacks decreased by 28.6%, and economic benefits increased by up to 13,857 INR ha−1. Higher potassium doses did not improve economic returns.(Frontiers)
India - Heavy Rains Boost Rice Area To 102.21 Lakh Hectares
Heavy rains in Uttar Pradesh are boosting expectations for rice and sugarcane crops, with rainfall 11% below normal. The rice sowing area exceeded targets at 102.21 lakh hectares. However, flooding in eight districts has affected over 10,000 people, resulting in 21 fatalities in the last 36 hours. Schools were closed in several districts due to severe weather.(बिज़नेस स्टैंडर्ड)
India - Jahangirabad Sugar Mill Manager Assures Farmers Of Solutions
In Jahangirabad, the annual meeting of the sugar mill was held where the mill manager assured farmers of addressing their issues.(Dainik Bhaskar)
India - Tamil Nadu Orders Ponni Sugars To Pay Additional Cane Price
The sugar commissioner of Tamil Nadu has ordered Ponni Sugars to pay an additional sugarcane price. This decision aims to support local farmers and ensure fair compensation for their produce. The specific amount of the additional payment has not been disclosed.(ChiniMandi News)
India - Sugarcane Supply Open For Members Registered By September 30
The article states that members who register by September 30 will be able to supply sugarcane under the new sugarcane betting policy.(अमर उजाला)
India - Sugarcane Productivity And Sugar Recovery Rate Set To Rise
The sugarcane productivity and sugar recovery rate are set to increase as the Sevarahi Sugarcane Research Institute allocates seeds to 12 districts. This initiative aims to enhance agricultural output and improve sugar quality in the region.(ChiniMandi News)
India - Farmers Urged To Protect Sugarcane From Top Borer Pest
Farmers are advised to adopt specific tips to protect sugarcane crops from the top borer pest. Implementing these strategies is crucial for maintaining healthy yields and preventing significant crop damage.(Kisan Tak)
India - Heavy Rainfall Damages 78 Mm Crops In Shahjahanpur, Up
Heavy rainfall and strong winds have led to significant crop damage in Uttar Pradesh, affecting paddy and sugarcane crops in Shahjahanpur, Farrukhabad, and Moradabad. Shahjahanpur recorded 78 mm of rain, resulting in power outages. Continuous adverse weather has raised concerns about reduced production and waterlogging issues in various villages.(अमर उजाला | gnsnews.co.in | ChiniMandi News | Hindustan | Aaj Tak | अमर उजाला)
India - Karnataka Proposes 25% Sugar Cap In Beer Labeling Rules
The Karnataka government proposes capping sugar content in beer at 25% of malt weight and requires labeling sugar content and ingredient percentages. Brewers oppose the changes, arguing they conflict with FSSAI definitions and threaten innovation. The government cites health concerns and a technical committee's findings of high sugar levels in market samples as the basis for the proposal.(The Hindu)
India - Drought Disease Affects Sugarcane Growth, Timely Treatment Crucial
Sultanpur's sugarcane crop is suffering from drought disease due to erratic weather, leading to yellowing and reduced growth. Agricultural scientist Dr. A.K. Singh advises farmers to spray Imidacloprid diluted in 200 liters of water on affected crops twice in the evening. Timely treatment is crucial to prevent total crop loss and ensure better yields.(News18 हिंदी)
India - Iit Roorkee Hosts Workshop With 45 Farmers On Jaggery Production
IIT Roorkee hosted a two-day workshop on September 6-7, 2024, focused on enhancing jaggery production with 45 local farmers. The event emphasized modern technology, hygiene standards, and market strategies. Key discussions included sustainable packaging, food safety, and government funding. The workshop aimed to empower farmers and improve productivity, fostering collaboration between academia and local communities.(India Education Diary)
India - Winter Sugarcane Sowing Begins, Boosting Upcoming Production Cycle
The sowing of the winter variety of sugarcane has begun. This seasonal planting is crucial for the upcoming sugar production cycle, impacting both local farmers and the sugar industry. The timely sowing is expected to enhance yield and quality, which are vital for meeting market demands.(Dainik Bhaskar)
India - Sugarcane Planting Starts In Uttarula, Boosts Profits By Intercropping
In Uttarula, the seasonal sugarcane planting was initiated under the guidance of RP Shahi, with farmer Rajendra Verma using the trench method for early variety Co.Lakh 13235. AGM RS Mishra highlighted that the best planting period is from September to November, leading to stronger crops with better disease resistance. Additional profits can be earned by intercropping with crops like potato and mustard.(cnewsbharat.com)
India - Iit Roorkee Hosts Odop Workshop For 45 Farmers On Jaggery Production
IIT Roorkee hosted a two-day ODOP workshop on September 6-7, 2024, attracting 45 local farmers to enhance jaggery production using modern technology. The event emphasized sustainable practices, food safety, and market linkages. Experts shared insights on innovative packaging and government funding, aiming to improve productivity and efficiency, thus supporting local farmers and regional economies.(ChiniMandi News)
India - Bku Promises Protests Against Illegal Sugar Cane Collection In India
In Bulandshahr, the Uttar Pradesh sugar cane committee meeting addressed illegal collection from farmers at purchase centers. Pawan Tevatia, state president of the Bharatiya Kisan Union, reported that last year, operators collected 30 kg extra sugar cane per cart. He emphasized no tolerance for exploitation this year, promising protests against offenders. Eight sugar mills' centers were proposed for establishment.(Newstrack)
India - Farmers Must Now Make Online Payments To Jaggery Operators
Farmers must now make online payments to jaggery (gud) operators, as mandated by the district magistrate. This new regulation aims to streamline transactions and enhance transparency in the agricultural sector.(Khabar Drishtikon)
India - Iit Roorkee Hosts Odop Workshop With 45 Farmers Participating
IIT Roorkee successfully hosted a two-day workshop under the One District One Product initiative on September 6-7, 2024, with 45 local farmers participating. The event focused on enhancing jaggery production through modern technology and sustainable practices. Key topics included food safety, sustainable packaging, and government funding schemes, aiming to empower farmers and improve productivity.(Cityairnews)
India - Root Borer Pests Found In Sugarcane Varieties In Yamuna Nagar
The article reports on the discovery of root borer pests in certain varieties of sugarcane in Yamuna Nagar. This pest issue could potentially impact sugarcane production in the region, raising concerns among local farmers and agricultural experts.(अमर उजाला)
India - Uttar Pradesh Sets 65% Supply Limit For New Committee Members
The Uttar Pradesh government has released the sugarcane supply and settlement policy for the 2024-25 crushing season, prioritizing small farmers. Key provisions include a 65% supply limit for new committee members and separate guidelines for small farmers with a quota of up to 72 quintals. Additionally, mechanical harvesting is now permitted, and a toll-free number for farmer complaints has been established.(Tractor Junction)
India - Floodwaters Inundate Pilibhit Villages, Threatening 3.51 Lakh Cusecs
Floodwaters have re-entered several villages in Pilibhit, affecting farmers' sugarcane and rice crops. The Sharada River's water level is rising due to rainfall in the mountains, prompting authorities to increase vigilance. Approximately 3.51 lakh cusecs of water were released from Banbasa Barrage, leading to severe flooding in areas like Kalinagar and Puranpur. Farmers face renewed crop loss concerns.(Pardaphash)
India - Sugarcane Fair Held In Anupshahr, Addressing Farmers' Issues
A sugarcane fair was organized in Anupshahr, addressing farmers' issues and providing information related to sugarcane. The event aimed to offer solutions to the challenges faced by farmers, enhancing their understanding of sugarcane cultivation and related matters.(Dainik Bhaskar)
India - Ponni Sugars Ordered To Pay Additional Cane Price Of Rs. 6.52 Crores
Ponni Sugars (Erode) Ltd has been ordered to pay additional cane prices for sugar seasons 2004-05 to 2008-09, as per the Tamil Nadu Cane Commissioner's directive dated 09-09-2024. The additional prices are 16.80/MT for 2004-05 and 49.96/MT for 2008-09, totaling a potential claim of Rs. 6.52 crores, with an estimated cash outflow of Rs. 4.12 crores.(ChiniMandi News)
India - Kushinagar Institute To Provide 11,924 Quintals Of Seeds
The Kushinagar Sugar Research Institute will provide 11,924 quintals of seeds to 12 districts.(अमर उजाला)
India - Muzaffarnagar And Bagpat Sugar Mills To Undergo Modernization
Muzaffarnagar and Bagpat sugar mills will undergo modernization as directed by Chief Minister Yogi Adityanath. Departmental officials have been instructed to implement this initiative to enhance the efficiency and productivity of the mills.(ASB NEWS INDIA)
Indonesia - Nsdc And National Council To Accelerate Sugar Projects Next Year
NSDC plans to accelerate sugar project development next year to enhance production and meet increasing market demand. The initiative reflects a commitment to improving the sugar industry and supports agricultural growth.(indochinatown | Dimensiaktual.com | Media Dangdut Indonesia)
Indonesia - Minahasa Residents Spend Rp1,954.17 Weekly, Cirebon Guarantees 35
Residents of Minahasa spend Rp1,954.17 per capita weekly on granulated sugar. Meanwhile, Cirebon's local government guarantees food supply for regional elections, ensuring 35,000 tons of rice, 62 tons of sugar, and 17 tons of cooking oil for 4 to 5 months, with monthly food aid of 2,800 tons. Bulog Cirebon holds a total of 61,000 tons of rice.(Databoks.id | Cirebon Raya)
Indonesia - Palm Sugar Innovations: 4 Kg In 8 Hours Training Sessions
Unsil is promoting liquid palm sugar production using automatic vacuum evaporator technology, which can produce 4 kg in 8 hours, reducing firewood consumption. Farmers in Turu Adae received training on quality and marketing to enhance competitiveness. BRIN is conducting trials and promising further studies in Pasaman Barat to address production challenges faced by farmers.(radartasik | Tribun Timur | ANTARA Sumatera Barat | elaeis)
Indonesia - Sugar Prices Hit Rp 15,190, Local Prices Mixed Across Regions
Sugar prices for farmers reached Rp 15,190 per kilogram, surpassing the government's Rp 14,500 reference price. Production is estimated at 2 million tons, below the target of 2.38 million tons and last year's 2.27 million tons. Consumer prices may rise to Rp 18,000-Rp 20,000 by year-end. Local prices in North Sumatra increased by 2.79%, while Aceh saw a 0.55% decrease.(kompas.id | Databoks.id | Databoks.id | Databoks.id | Vibiznews)
Indonesia - Ptpn I Regional 5 Optimistic For 2024 Production Target
The article highlights PTPN I Regional 5's optimism in achieving its 2024 production target, emphasizing positive routine activities conducted in Jember. Specific details about production numbers or activities were not provided.(Radar Jember)
Indonesia - Thirty Hectares Of Sugarcane Land Burned In Lumajang
A fire consumed approximately 30 hectares of sugarcane land in Mojo, Lumajang, due to drought conditions. It ignited when a resident burned dry leaves, spreading rapidly from strong winds. Firefighters responded with two trucks and extinguished the flames after three hours, by 3 PM. The incident has raised concerns about agricultural and environmental impacts in the area.(20Detik | BOGOR TODAY | BOGOR TODAY | detikJatim)
Indonesia - Students Produce Liquid Organic Fertilizer From Sugarcane Waste
Students from KKN UMD group 251 of Universitas Jember conducted a demonstration on producing liquid organic fertilizer (POC) from sugarcane leaf waste on August 9. The event aimed to educate farmers on utilizing waste, reducing chemical fertilizer reliance, and promoting sustainable agriculture. Participants engaged in hands-on POC production, enhancing soil fertility and crop yield while minimizing environmental impact.(Kompasiana.com)
Indonesia - Indonesia Plans 2025 Excise Tax, Rp4.38 Trillion Target
Indonesia plans to impose excise taxes on sugary, salty, and fatty processed foods starting in 2025 to combat non-communicable diseases, targeting Rp4.38 trillion in revenue for 2024 with rates from 2.5% to 20%. Legislator Darul Siska calls for monitoring GGL consumption among youth and education on healthy eating to prevent related health risks. High sugar in drinks is linked to diabetes and kidney failure in children.(DDTCNews | Indopos | Radar Magelang)
Japan - Typhoon No. 13 Hits Okinawa, Maximum Wind Speed 20.1 Meters
Typhoon No. 13 approached Okinawa's North and South Daito Islands from the night of the 13th to the 14th, but significant damage was avoided. Maximum wind speed reached 20.1 meters in North Daito. Nine residents evacuated in South Daito but returned by the afternoon. Sugarcane crops remained largely unharmed, alleviating concerns among farmers.(沖縄タイムス)
Kyrgyzstan - Kyrgyzstan Expects Record 900,000 Tons Sugar Beet Harvest
Kyrgyzstan anticipates a record sugar beet harvest of 900,000 tons in 2024, producing at least 110,000 tons of sugar, which will satisfy 92% of the country's needs. The Ministry of Agriculture has no immediate plans to ban sugar imports despite low prices in Russia, Belarus, and Kazakhstan, but may reassess this decision to support local farmers later.(Вечерний Бишкек | www.24.kg | 24)
Malaysia - Malaysia To Raise Sugar Tax By 20% In 2025
MALAYSIA WILL INCREASE THE EXCISE TAX ON SWEETENED BEVERAGES BY 9.25% IN 2025 TO REDUCE SUGAR CONSUMPTION, FOLLOWING A PREVIOUS TAX THAT RESULTED IN A 9.25% DROP IN NATIONAL SUGAR CONSUMPTION. OVER 500,000 MALAYSIANS HAVE DIABETES, AND NEARLY 3.6 MILLION, OR 15.6%, ARE AFFECTED, ACCORDING TO THE 2023 NATIONAL HEALTH SURVEY.(DDTCNews | Nikkei Asia | กรุงเทพธุรกิจ | thestandard.co)
Pakistan - Pakistan Approves 50% Wheat, Sugar, Fertilizer Imports Through Gwadar
Pakistan's federal cabinet approved a plan for government agencies to source 50% of wheat, sugar, and fertilizer imports through Gwadar Port. This initiative aims to enhance the port's underused capacity, targeting 400 million tons annually by 2045. A sub-committee will monitor progress with quarterly reports on import and export activities.(ChiniMandi News)
Pakistan - Farmers Urge Export Of 1.5 Million Tons Surplus Sugar
Farmers in Pakistan are urging the government to export 1.5 million tons of surplus sugar to address pending cane payments before the new crushing season starts in two months. Currently, only 0.1 million tons have been exported, leading to potential protests if the government does not act to allow full exports.(ChiniMandi News | The Nation | The News International)
Thailand - Ksl Reports Higher-Than-Expected Q3 Net Profit Amid Sugar Prices
KSL reported a higher-than-expected net profit for Q3, but rising sugar prices are putting pressure on its stock price.(กรุงเทพธุรกิจ)
Thailand - Satellite Technology Boosts Sugarcane Production And Reduces Pm2.5
The article discusses the use of satellite technology to enhance sustainable sugarcane industry practices, aiming to increase production and reduce PM2.5 pollution levels.(มติชน)
Turkey - Malatya Set To Produce 56,000 Tons Of Sugar
Malatya is set to produce 56,000 tons of sugar.(Malatya Söz)
Vietnam - Vietnam Tightens Border Controls Against Thai Sugar Smuggling
Vietnam's customs authorities are tightening border controls to monitor sugar smuggling from Thailand through Laos into the country. This measure aims to prevent illegal sugar imports and ensure compliance with trade regulations.(สำนักข่าวอิศรา)
Argentina - Sugarcane Burning Raises Dextran Levels From 4.2 To 11 Mg
Burning sugarcane negatively impacts both the environment and crop quality. It increases harmful dextran levels, affecting sucrose crystallization, with levels rising from 4.2 mg to 5.5 mg per 100 ml after 96 hours in July, and from 7 mg to 11 mg in spring. Additionally, succinic acid surged from 80 ppm to 350 ppm within six days post-burning.(LA GACETA)
Argentina - Tucumán Sugar Harvest Reaches 76% With 13.25 Million Tons
The sugar harvest in Tucumán is 76% complete with 13.25 million tons of cane processed, yielding 929,543 tons of sugar, including 595,608 tons of white sugar. Alcohol production reached 206.5 million liters. In Salta and Jujuy, 5.09 million tons of cane produced 422,365 tons of sugar. Bioethanol deliveries increased by 31% in 2024.(Los Primeros | Radio LV12 Tucumán | Primera Fuente)
Argentina - Sugarcane Yields 74,580 Kg/Ha Amid 10% Production Decrease
A study in northern Corrientes showed high sugarcane viability, yielding 74,580 kg/ha, above the national average of 48,000 kg/ha. Meanwhile, Tucumán's sugarcane maturation halted at -1.1°C, causing limited field deterioration. Additionally, sugar production is projected at 17.5 million tons in Tucumán and 7.5 million in the North, marking a 10% decline from initial estimates.(Noticias AgroPecuarias | LA GACETA | LA GACETA)
Brasil - Raízen Issues $1 Billion Green Bonds With 5.70% Interest
Raízen, along with Raízen Energia, announced the pricing of a $1 billion green bond issuance due in January 2035, with a 5.70% annual interest rate. The funds will settle debts and invest in selected projects. Initial plans aimed for $750 million, but strong demand increased it. Coordinators include Citi and Morgan Stanley. Completion is expected by September 17, 2024.(Revista RPAnews)
Brasil - White Sugar Deliveries At Ice Estimated At 544,600 Tons
White sugar deliveries at ICE are estimated at 544,600 tons, according to traders.(Investing.com Brasil)
Brasil - Wildfires Cause Sugar Prices Up 2.36% And Beans Up 40%
Ongoing wildfires in Brazil have caused sugar prices to rise by 2.36%, with estimated sugarcane production losses of R$ 800 million. Additionally, bean prices may increase by up to 40% by year-end. On September 13, sugar futures also rose, with New York contracts at 19.22 cents/lbp and London white sugar at $549.40/ton.(Perfil Brasil | Notícias Agrícolas)
Brazil - Climate Change May Cut Brazil'S Agricultural Area And Productivity By 30%
Climate change may reduce Brazil's agricultural area and productivity by up to 30% in the coming decades. Projections show a 15% to 26% reduction in soy areas by 2050 and 2070. Challenges include droughts and floods, making technology adoption and crop diversification essential for resilience and global food security. Adaptation measures are crucial.(Poder360 | Canal Rural)
Brazil - Mato Grosso Do Sul Exports Fall 6% To $6.949 Billion
Mato Grosso do Sul's exports decreased 6% to $6.949 billion from January to August 2024, with a 14% drop in volume to 15.551 million tons. Soybean exports fell to $2.568 billion (5.915 million tons), while beef exports increased 32% to 164,193 tons ($765 million) and sugar exports rose to $506 million. China accounted for 48.36% of total sales.(Jota FM | Correio do Estado | Buriti News)
Brazil - Chapéu De Palha Pays 10,468 Workers R$ 18.64 Million Loss
The Chapéu de Palha Program has initiated payments of R$ 18.64 million to 10,468 sugarcane workers, managed by Caixa Econômica Federal. This includes a 38% increase and five total payments, benefiting 20,601 workers across sectors. Meanwhile, São Paulo's sugarcane producers face R$ 1.2 billion losses from fires, with R$ 13,500 needed per hectare for field renewal.(JBrito Notícias | UOL Economia)
Brazil - Fires Consume 231,830 Hectares; Brazil Sees 170,000 Fires
A large-scale fire in Lagoa da Prata affected 1,000 hectares on September 13, 2024, with 200,000 liters of water used in an 8-hour firefighting effort. Raízen contributed 10 water trucks and 20 firefighters. Meanwhile, Brazil reported over 170,000 wildfires, causing sugar prices to rise from $0.17 to $0.19 per sack, impacting companies like São Martinho and Raízen.(Portal G37 | JornalCana | Inteligência Financeira | Compre Rural)
Brazil - Bndes Approves R$ 500 Million For Fs Ethanol Expansion, 17 Companies
BNDES approved R$ 500 million for FS, Brazil's first 100% corn ethanol producer, to expand its capacity in Mato Grosso, with over 2.3 billion liters produced annually. A new facility in Querência will focus on corn ethanol and high-nutrition animal feed. Seventeen Brazilian sugar-energy companies will showcase their products at ExpoAtam 2024 in Mexico from September 18-20.(JornalCana | Portal Radar | JornalCana | Revista RPAnews)
Brazil - Sugar Prices Rise 1.8% As Production Concerns Drive Losses
Sugar prices rose 1.8% to 19.07 cents per pound, driven by a 6% decline in Brazil's production, totaling 3.258 million tons in late August. Concerns over adverse weather and wildfires have led to a projected global sugar deficit of -600,000 tons for 2024/25, with Brazil's production estimate reduced to 39.2 million metric tons.(Revista RPAnews | Safras & Mercado | Economia em Pauta | Nasdaq | Barchart | Band Jornalismo | Portal & TV Gurupi | XTB | Inkl | Diário do Acre | XTB | XTB | Revista Globo Rural | ContraFatos | Notícias Agrícolas | XTB | XTB | Entretenimento BOL)
Brazil - Sugar Prices Rise To R$ 140.25 Per 50 Kg Sack
On Friday (13), crystal sugar prices rose to R$ 140.25 per 50 kg sack. In São Paulo, arabica coffee is priced at R$ 1,468.60, while robusta coffee surged 0.90% to R$ 1,506.80 per 60 kg sack in Espírito Santo. Corn saw a smaller increase, costing about R$ 63.50 per 60 kg sack in Campinas.(Brasil 61)
Brazil - Sugar Prices Rise: New York Up 0.16 Cents, London $5.10
Sugar prices rose on Friday morning (13), supported by a decrease in production in Brazil's Center-South. In New York, October/24 increased by 0.16 cents to 19.23 cents/lbp, while in London, October/24 rose $5.10 to $530.10/ton. The price gains are attributed to reduced sugar production and rising WTI crude oil prices.(Notícias Agrícolas)
Brazil - Prf Lectures Reach 150 Sugarcane Transport Drivers In Pernambuco
The Federal Highway Police (PRF) conducted lectures for 150 sugarcane transport drivers in Timbaúba and Palmares, Pernambuco, focusing on safe practices and common regulatory violations. The initiative aims to reduce risks associated with irregular sugarcane transport, especially for smaller vehicles. With the sugarcane harvest season, PRF is enhancing awareness and enforcement to prevent accidents on the roads.(Revista RPAnews)
Brazil - Burns Drive Sugar Prices Up To $0.25 Per Pound
Burns boost sugar prices, with significant increases noted due to rising demand and supply concerns. The market has seen fluctuations, with prices reaching up to $0.25 per pound, driven by adverse weather conditions affecting crop yields. This situation has created uncertainty in the sugar industry, prompting traders to adjust their strategies accordingly.(Tribuna do Planalto)
Brazil - Brazil'S Sugar Production Decreased By 6% In August
In the second half of August, Brazil's sugar production decreased by 6%. This decline highlights challenges in the sugar market, potentially impacting global supply and prices. The article emphasizes the importance of understanding financial risks associated with trading commodities and cryptocurrencies, suggesting that investors should seek professional advice and be aware of market volatility.(Investing.com भारत)
Brazil - Federal University Network Launches 21 Sugarcane Varieties
Federal university network launches 21 varieties of sugarcane.(Defesa em Foco)
Brazil - Future Fuel Bill Expected To Boost Investments By 2027
The approval of the Future Fuel Bill (PL 528/2020) is set to boost investments in the sugar-energy sector, allowing for increased ethanol and biodiesel blends. It introduces sustainable aviation fuel (SAF), targeting 1% blending by 2027 and 10% by 2037. The biodiesel blend may reach 25% and ethanol in gasoline 35%. The bill awaits presidential sanction.(Movimento Econômico)
Brazil - Sugar Futures Rise 6% As Production Declines To 3.26 Million Tons
Futures contracts for sugar rose on October 12, driven by UNICA data showing a 6.02% production decline to 3.26 million tons in late August 2023. In New York, raw sugar for October 2024 increased to 19.07 cents per pound. In London, white sugar for October 2024 reached $540.10 per ton. Hydrated ethanol fell 1.31% to R$ 2,488.00/m³.(rciararaquara.com.br)
Brazil - Sugarcane Wildfires Cause R$ 1.2 Billion In Losses
Wildfires have caused significant damage to sugarcane crops in Brazil, resulting in losses estimated at R$ 1.2 billion. The impact on the agricultural sector raises concerns about future production and economic stability.(SBA - Sistema Brasileiro do Agronegócio)
Brazil - Contegran Invests R$ 1 Billion, Promises 1,000 Jobs By 2026
Contegran is investing R$ 800 million to R$ 1 billion in a new sugarcane plant in southern Bahia, aiming to create up to 1,000 jobs by 2026. The project promises to boost the local economy and enhance agricultural technology. Founded in 2019, Contegran has seen rapid growth, with a projected revenue of R$ 500 million by 2024.(blogdochaguinhas.com.br)
Brazil - Raízen Ceo Discusses Electrification Amidst Cautious Chinese Soybean Purchases
The Bradesco BBI AgroSummit highlighted key issues in agriculture, including Minerva's CFO predicting a positive cattle cycle in 2025 with an increase from 29 million to 39 million heads. Raízen's CEO discussed plans to electrify plants and export energy. Cargill noted cautious Chinese soybean purchases, while JBS's CEO emphasized a $350 billion need for food system transformation by 2030.(Money Times)
Brazil - Sugar Production Estimate Cut By Nearly 9% In Brazil
The sugar production estimate for Brazil's Center-South region has been reduced by nearly 9% due to drought and fires in São Paulo, affecting the sugarcane harvest for the 2024/25 season.(Hoje Cidades)
Brazil - Burns In São Paulo Sugarcane Fields Cause R$ 1.2 Billion Losses
Burns in São Paulo's sugarcane fields have caused losses of R$ 1.2 billion, affecting over 181,000 hectares. The Orplana estimates costs of R$ 13,500 per hectare for replanting, with ongoing drought complicating recovery. Additionally, 5,132 fire outbreaks were recorded in one day, impacting the agricultural sector and national economy, particularly in the Amazon and Cerrado regions.(BP Money)
Colombia - Colombian Sugar Industry Sees 8.42% Income Increase To 1.1 Trillion
The Colombian sugar industry is evolving, with Riopaila Castilla reporting an 8.42% increase in operational income, reaching 1.1 trillion pesos. The company impacts over 80,000 people and exports 35-40% of its production. Riopaila aims for 30% carbon footprint reduction by 2025, having achieved 28% last year, while facing challenges from climate change and security issues in operational areas.(Más Colombia)
Mexico - Quintana Roo Producers Demand 50 Million Pesos For Flood Losses
Caña producers in Quintana Roo demand over 50 million pesos in compensation for crop losses due to flooding from the Maya Train project. They seek 50,000 pesos per hectare for 1,000 hectares affected. The government is addressing drainage issues, but producers warn of potential roadblocks if negotiations stall. Despite losses, the 2023-2024 harvest ended positively, with 139,000 tons of sugarcane left unharvested.(sipse.com)
Panama - Panama Exports Reach $561.7 Million In First Seven Months
In the first seven months of 2024, Panama's exports (excluding copper) reached $561.7 million, a 2.9% increase from $545.8 million in 2023, marking the highest value since 2010. Bananas led exports at 13.7%, followed by frozen shrimp (8.3%) and raw cane sugar (7.9%). The top ten products accounted for 58.9% of total exports.(La Estrella de Panamá)
Paraguay - Paraguayan Cane Sales Surge From G. 600M To G. 3B
The Paraguayan cane "Aristócrata" gained popularity among Brazilian consumers at the "Expointer 2024" in Porto Alegre, attracting around 1,000 visitors. Capasa's José Ocampos expressed optimism about entering the competitive Brazilian market, which has a population of 200 million. Monthly sales increased from G. 600 million to over G. 3,000 million, indicating strong local production growth.(La Nación)
Paraguay - Sugarcane Sector Mobilizes For Protests On September 16, 2024
The sugarcane sector in Paraguay is preparing for significant mobilizations on Monday, September 16, 2024. Sugarcane producers have called for protests at strategic locations in the Caaguazú and Guairá departments to voice their demands to the National Congress.(5Días)
United States - Usda Reports 44,100 Strv Deficit As Sugar Prices Rise
Sugar and coffee opened higher as the USDA reported a 44,100 STRV deficit for raw sugar in fiscal year 2024. Sugar prices in New York rose 0.52% weekly, while London gained 2.93%. Louisiana farmers are set to harvest post-Hurricane Francine, with processing starting on September 16, amid concerns over quality and road safety due to debris.(Revista Globo Rural | Notícias Agrícolas | Unfiltered with Kiran | WBRZ)
United States - Interest Rate Cut Predicted By Economists At Quarter-Point
Southern University Political Scientist Albert Samuels and former councilman Darrell Glasper will speak at the Press Club of Baton Rouge on Nov. 5 election discussions. The sugarcane harvest begins, prompting caution on West Baton Rouge roads. Economists predict the Federal Reserve will cut interest rates by a quarter-point at upcoming meetings, opting for gradual reductions.(Greater Baton Rouge Business Report)
अमेरिका - Farmers Assess Sugarcane Damage After Hurricane Francine
The article discusses the assessment of damage by sugarcane farmers in America following Hurricane Francine. Farmers are evaluating their losses, which could significantly impact sugar production. The extent of the damage is still being determined as farmers start to calculate the economic repercussions of the storm on their crops.(ChiniMandi News)
Belarus - Zhabinkov Sugar Plant Shows Beet Piles Worth 2.40 Rubles/Kg
A TikTok video from the Zhabinkov Sugar Plant in Brest showcased piles of sugar beets, described as "smelling like money." As the beet harvesting season begins, users commented on the scent and value, noting the price of 2.40 rubles per kilogram. Discussions included experiences with beets on roads and their potential uses, reflecting on the agricultural significance.(Телеграф.Новости)
France - Marie Surgelés Upgrades Sugar Dosing Station For 800 Kg Sauces
Marie Surgelés in Chacé, France, upgraded its sauce production facility in 2022 with an ergonomic sugar dosing station. The system handles one-ton sugar bags, transferring sugar efficiently to a 120-liter hopper. It allows for batch production of 800 kg sauces, with target weights between 100 to 240 kg. Sensors prevent overflow, and a sealing valve maintains sugar quality.(Process Alimentaire)
France - Bourdon Sugar Factory Site Sold: 20 Hectares Acquired
Since the closure of the Bourdon sugar factory in 2019, the site has been sold in lots, with RJ Industrie acquiring 20 hectares. Sixteen hectares will be rehabilitated for industrial use, while four will serve RJ Industrie’s operations. Fabrice Roux plans to maintain the historical water tower and avoid logistics in favor of manufacturing activities. Initial work is expected to start in early 2025.(Réussir)
France - Sugar Beet Campaigns: 20% More Beets, 30% Agroecology By
The sugar beet campaign is starting with a 20% increase in beets processed at the Pithiviers-le-Vieil factory. Saint Louis Sucre aims for 30% agroecology adoption by 2030, processing 14,000 tons of beets daily and expanding its partner network. Cristal Union will commence its campaign on September 5, 2024, after a favorable summer.(La République du Centre | Presse Agence | La France Agricole)
Germany - Farmers Anxious About Data Impact On Zuckerfabrik Schladen
The article discusses concerns among farmers in the region regarding the Zuckerfabrik Schladen. It highlights the impact of data processing and cookie consent on the agricultural community, emphasizing the need for transparency and control over personal data usage. Farmers are anxious about the effects of these technologies on their livelihoods and operations.(Braunschweiger Zeitung)
Germany - Nordzucker Factory Defect Delays Beet Processing Amid Higher Yields
A technical defect at the Nordzucker factory in Schladen has disrupted the processing of organic beets and affected conventional beet processing, causing delivery delays. The 2023/2024 beet yields are significantly higher than last year, indicating a later campaign end, which may be further postponed due to the ongoing factory issues.(LAND UND FORST | agrarheute.com)
Poland - Poland'S Inflation Hits 4.3%, Sugar Prices Down 25.7%
Inflation in Poland reached 4.3% in August 2024, exceeding the National Bank's target of 2.5%. Food prices rose by 4.1% year-on-year, despite a 0.1% monthly decline. Notably, sugar prices dropped by 25.7% compared to August 2023, now averaging around 5 PLN per kg, with promotional prices as low as 2 PLN per kg.(Fakt.pl)
Russia - Volgodonsk Leads Sugar And Vegetable Prices In Rostov Region
Volgodonsk leads in sugar and vegetable prices in the Rostov region. The informational portal DonDay Volgodonsk provides fresh news and serves as a city guide, helping residents find goods, services, and business partners. The portal operates daily and aims to keep the community informed and engaged.(Donday-volgodonsk.ru)
Russia - Tambov Agrarians Harvest 620,000 Tons, Process 390,000 Tons Beets
Tambov agrarians have harvested around 620,000 tons of sugar beets from 15% of 116,000 hectares this year. Since early September, local sugar factories processed over 390,000 tons of beets, producing approximately 44,000 tons of sugar. In 2023, the region ranked third in the Central Federal District and fourth in Russia for sugar production.(РИА ТОП68 | Тамбовский курьер | Онлайн Тамбов)
Spain - 95% Of 9,000 Hectares Harvested In Andalucía Sugar Beet Campaign
The sugar beet harvesting campaign in Andalucía is nearing completion, with over 95% of the 9,000 hectares harvested. Despite drought conditions, production is expected to exceed 650,000 metric tons. Key provinces, Sevilla and Cádiz, show balanced irrigation practices. The introduction of a guaranteed sucrose model has improved pricing fairness, enhancing future crop profitability and resilience amid challenges.(Agronews Castilla y León)
Ukraine - Sugar Factories Produce 47,000 Tons Of Sugar In Ukraine
Sugar factories in Ukraine have produced 47,000 tons of sugar.(Ukrainian News Agency)
Ukraine - Ukraine'S 2023 Grain Down 12%, Sugar Production 1.6 Million Tons
Ukraine's 2023 grain and oilseed production is projected to decrease by 12% due to summer drought, while agricultural prices remain stable. Sugar beet production is promising at 1.6 million tons, exceeding domestic needs. For 2024/2025, Ukraine will produce 1.6 million tons of sugar, meeting local demand of 900 thousand tons and showing strong export potential.(OBOZREVATEL | Ukraine open for business)
Kenya - Immediate Enactment Of Sugar Bill Critical For Kenya'S Farmers
The Sugar Bill, 2022 is crucial for Kenya's sugar industry, addressing inefficiencies and protecting local farmers. It aims to establish a Sugarcane Development Fund, reintroduce zoning laws, and reinstate the Kenya Sugar Board for better oversight. The Bill also regulates sugar imports to safeguard local prices. Immediate enactment and execution of the regulations are essential for farmers' welfare.(The Star Kenya)
Niger - Nsdc Targets 2025 For 100,000-Hectare Sugar Project Expansion
The National Sugar Development Council (NSDC) announced 2025 as the year for accelerating sugar project development. Utham Sucrotech will support a 100,000-hectare project in Niger, with a sugar recovery rate of 12.3%. NSDC aims to enhance productivity and provide investor support, as discussed in a recent meeting with Utham and Niger Foods representatives.(Haribabu kola)
Tunisia - Sugar Supply Doubles, Stabilizing Prices And Improving Availability
Sugar supply in the market has doubled, according to recent reports. This increase is expected to stabilize prices and improve availability for consumers. The rise in supply is attributed to enhanced production and better distribution strategies, ensuring that demand is met effectively.(Mosaiquefm.net)
Tunisia - Tunisia Has 35,000 Tonnes Of Sugar, 40,000 Expected Soon
Tunisia has 35,000 tonnes of sugar available, with 40,000 tonnes expected. Daily supply includes shipments from Poland and Egypt, and a trade agreement with Algeria has allowed for 21,000 tonnes, with 9,000 tonnes received. Daily consumption matches supply at 1,000 tonnes, but will increase to 2,000 tonnes for the upcoming Mouled festival.(Webdo TN | Business News)
World - Speculators Increase Short Position In Raw Sugar, Coffee Stable
Speculators have increased their short positions in raw sugar, indicating a bearish outlook, while coffee prices remain stable. The market dynamics suggest cautious trading, with participants closely monitoring price movements and external factors influencing these commodities.(XM)
World - Global Food Prices Drop 0.3% To 120.7 Points In August
The FAO Food Price Index was 120.7 points in August, reflecting a slight decline of 0.3% due to lower sugar, meat, and grain prices. The grain index fell to 110.1 points, the lowest in four years. Global sugar prices decreased by 23.2% year-on-year, while dairy prices rose by 14.2%. Meat prices decreased slightly but remained higher than last year.(Agronews)
World - Sugar Prices Drop 4.7%, Crude Oil Prices Decline
Global sugar prices fell 4.7% in August, the lowest since October 2022. This decline is due to higher sugarcane forecasts in India and Thailand, along with lower oil prices. German sugar beet production is projected to rise 6% to 31.6 million tons for 2024/25, while Russia lifted its sugar export ban, exporting over 700,000 tons since August 2023.(Barchart | Nasdaq | topagrar.pl)
World - Musu Sugar Market $1.5 Billion, Global Packaging $1.8 Billion
The Musu sugar market, valued at $1.5 billion in 2022, is projected to grow at a CAGR of 5.2%, reaching $1.9 billion by 2027. The global sugar packaging machine market is valued at $1.8 billion, expected to reach $2.5 billion by 2027 with a 6.5% CAGR. The sugar confectionery market is driven by key players and changing consumer preferences.(NerdBlast | La Funcion mx | openPR)
Russia - Agrosila Invests 5.4 Billion Rubles In Zainsky Sugar Plant
AGROSILA plans to invest 5.4 billion rubles in the modernization of the Zainsky Sugar Plant by 2030, aiming to enhance efficiency and processing capacity. Currently, 1.2 billion rubles have been invested. The plant aims to process 1,241,000 tons of sugar beets in the 2024/2025 season, producing 197,400 tons of sugar, 50,300 tons of molasses, and 58,500 tons of granulated pulp.(DairyNews)
Russia - No Sugar Price Increase Predicted, 35,000 Tons Targeted
Viktor Popov of the Zalegoshchensky Sugar Plant forecasts stable sugar prices this year, targeting 35,000 tons production, while regional plants produced over 350,000 tons last year. Average prices stand at 62.3 rubles per kilogram. In Bryansk, sugar beet harvesting commenced on 4,100 hectares, alongside other vegetable crops across 556,000 hectares.(ОрёлТаймс | Брянск.News | Газета-портал "Орловская среда")
Australia - Labour Dispute Ends With 12% Pay Increase For 1,300 Workers
Workers at Wilmar Sugar in Australia accepted a three-year pay deal, ending a months-long dispute. The agreement includes a one-off bonus and a 12% pay increase by year-end, affecting over 1,300 workers. Wilmar's eight mills produce over 2 million metric tons of sugar annually, contributing significantly to the industry and economy.(The Edge Malaysia | The Straits Times | ChiniMandi News)
Fiji - Fiji'S Sugar Cane Needs 250,000 Tonnes Rain Forecasted
Rain is forecasted for Fiji's sugar cane belt regions, which is crucial for agricultural growth and local farmers' yields. In Penang, a new sugar mill's establishment depends on restoring sugarcane supply from 150,000 to 250,000 tonnes annually, down from 300,000 tonnes. A report from Food and Agriculture Organization consultants will be submitted to the Sugar Ministry later this year.(ChiniMandi News | FBC News)