Sugar News - 16 Sep 2024
India - Investigation Uncovers Human Rights Abuses In Maharashtra'S Sugar Fields
India - Sugar Stocks Surge Up To 8.7% After Ethanol Policy Change
India - Mysugar Aims To Crush 2.5 Lakh Tonnes Of Cane
India - Sugar Prices Rise 15-20 In Kolhapur, Consumption Hits 290 Lakh Tonnes
Kazakhstan - Jetyssu Region Aims For 97,000 Tons Sugar From 615,000 Tons
Pakistan - Farmers Threaten Protests Over 1.5 Million Tonnes Sugar Surplus
Turkey - Ankara Sugar Beet Prices Rise 27% To 1855 Tl
Turkey - Çorum Sugar Factory Starts Sugar Beet Purchases For Farmers
Turkey - Drip Irrigation Saves 50% Water, Boosts Sugar Beet Yields 30%
Turkey - Bor Şeker Invests €8 Million For 8,000 Tons/Day Capacity
Turkey - 43Rd Sugar Beet Campaign Starts With 1,711 Farmers, 640,000 Tons
Argentina - Brazilian Sugar In Argentine Supermarkets Sparks $2.5 Billion Alarm
Argentina - Sugarcane Harvest In Tucumán Reaches 70.3% Collected
Brazil - Sugar Prices Rise Over 1% In Ny; Global Deficit 3.58 Mmt
Brazil - Tereos Faces 10% Sugarcane Loss, 100 Million Reais Impact
US - Us Sugar Production Set For Record 9.5 Million Short Tons
United States - Sugar Supply Chain Distributed 50 Million Bags During Pandemic
EU - Aldi Cuts Sugar Price 40% To €0.89, Lidl And Kaufland At €0.99
Germany - Südzucker Forecasts Operational Loss Amid 20% Sugar Price Drop
Germany - Südzucker Lowers 2024/25 Revenue Forecast To €9.5-€9.9 Billion
Germany - Sugar Prices Drop Over 40% To €0.89 In Germany
Italy - Coldiretti Discusses Sugar Beet Cultivation Expansion In Italy
Russia - Tambov Region Harvests 620,000 Tons; Altai Plans Over 1 Million
Ukraine - Sugar Prices Surge To 35-42 Uah/Kg In Dnipro
United Kingdom - Two Sugar Beet Factories Open; British Sugar Offers £38/T
Nigeria - Nigeria'S 100,000Ha Sugar Project Targets 12.3% Recovery By 2025
Tanzania - Tanzania Aims For 800,000 Tonnes Sugar Production By 2027
India - Investigation Uncovers Human Rights Abuses In Maharashtra'S Sugar Fields
An investigation by the New York Times reveals severe human rights abuses in Maharashtra's sugar fields, linked to Coca-Cola and PepsiCo. The report highlights exploitation of children, forced child marriages, and coerced sterilizations among women laborers, who are trapped in debt cycles, working to repay advances instead of receiving proper wages.(KALW)
India - Sugar Stocks Surge Up To 8.7% After Ethanol Policy Change
Sugar stocks surged up to 8.7% on September 16 after the Indian government allowed mills to produce rectified spirit and extra neutral alcohol from sugarcane juice and B-heavy molasses. This policy aims to boost ethanol production, increasing blending from 13.3% to a target of 20% by 2025-2026, supporting the sugar industry and local economy.(News18 | ChiniMandi News | News18 हिंदी | NDTV Profit | Mint | ChiniMandi News)
India - Mysugar Aims To Crush 2.5 Lakh Tonnes Of Cane
Mysore Sugar Company aims to crush 2.5 lakh tonnes of sugarcane this year, processing 74,605 tonnes by September 15, 2024. The company has paid ₹9.14 crore to farmers and ₹2.61 crore to laborers. Meanwhile, UP government approved sugar mills to produce ENA from sugarcane juice, and Tamil Nadu farmers protested over damaged sugar bags, demanding accountability.(The Hindu | ET Now | ChiniMandi News | ChiniMandi News | ChiniMandi News | बिज़नेस स्टैंडर्ड)
India - Sugar Prices Rise 15-20 In Kolhapur, Consumption Hits 290 Lakh Tonnes
Domestic sugar prices in Kolhapur rose by 15-20 per quintal, with M-grade sugar priced at Rs 3,840. India's sugar consumption reached 290 lakh tonnes, driven by increased dessert consumption, as 51% of urban households indulge three or more times monthly. However, 55% of households prefer lower-sugar options, following ICMR's recommendation of a 25-gram daily limit.(ChiniMandi News | CNBCTV18)
Kazakhstan - Jetyssu Region Aims For 97,000 Tons Sugar From 615,000 Tons
The Jetyssu region plans to produce 97,000 tons of sugar this year by processing 615,000 tons of sugar beet from 13,700 hectares, up from 8,200 hectares last year. The purchase price is 40,000 tenge per ton, involving 597 farms. The Koksu factory targets 57,000 tons, while Akus aims for 40,000 tons, employing about 1,000 workers combined.(inbusiness.kz | информационно-аналитический портал Ratel.kz | Деловой Казахстан | Новости Казахстана и мира — Kapital.kz)
Pakistan - Farmers Threaten Protests Over 1.5 Million Tonnes Sugar Surplus
Farmers in Pakistan, led by Rana Iftikhar Muhammad, are threatening protests if the government does not allow the export of surplus sugar. With the upcoming crushing season in two months, unpaid dues to sugarcane farmers remain a concern. Farmers predict an additional 1.5 million tonnes of surplus next year, exacerbating the situation if exports are not permitted.(ChiniMandi News)
Turkey - Ankara Sugar Beet Prices Rise 27% To 1855 Tl
Ankara Şeker Fabrikası launched its 2024-2025 sugar beet campaign, with President Mehmet Muhittin Bıyıkoğlu warning of low beet prices, which increased only 27% to 1855 TL despite inflation at 70%. He urged a price of at least 3000 TL per ton to prevent reduced planting. Additionally, extraordinary heat and agricultural issues have raised costs and led to expected yield drops.(Polatlı Postası)
Turkey - Çorum Sugar Factory Starts Sugar Beet Purchases For Farmers
Çorum Sugar Factory is set to begin its sugar beet purchasing season, crucial for local farmers and transporters. Officials discussed strategies to ensure smooth delivery and processing of beets, emphasizing economic benefits for the region. Safi Holding plans investments to enhance production capacity, aiming to increase farmers' profits and strengthen the factory's role in sugar production.(Çorum Haber)
Turkey - Drip Irrigation Saves 50% Water, Boosts Sugar Beet Yields 30%
Drip irrigation can save 50% water and increase sugar beet yields by up to 30%, according to Pınar Parmaksız from Netafim. The strategic importance of sugar beet in Turkey was emphasized, with production costs exceeding 2,000 TL per ton. Improved water management and modern irrigation are critical for agricultural sustainability, with only 20% of Turkey's 45-50 billion cubic meters of water currently being controlled.(Referans Türk)
Turkey - Bor Şeker Invests €8 Million For 8,000 Tons/Day Capacity
Bor Şeker A.Ş. is investing €8 million to enhance sugar production capacity and efficiency, establishing a fixed beet unloading unit with a capacity of 8,000 tons per day. This investment aims to increase annual sugar production by 10% and aligns with the company's growth strategy and sustainability goals.(Urfadabugun.com | Rota Borsa | Gazete Banka)
Turkey - 43Rd Sugar Beet Campaign Starts With 1,711 Farmers, 640,000 Tons
The 43rd sugar beet procurement campaign has started in Muş with 1,711 farmers from 58 villages cultivating 640,000 tons on 85,000 acres. The campaign aims to process 450,000 tons of beets, producing 56,160 tons of sugar and 20,000 tons of molasses, contributing approximately 2.5 billion lira to the local economy.(Haberler | Habertürk | Son Dakika | Haber Meydan | Yüksekova Halkın Sesi Gazetesi | İhlas Haber Ajansı | Diyadinnet | Son Dakika)
Argentina - Brazilian Sugar In Argentine Supermarkets Sparks $2.5 Billion Alarm
The arrival of Brazilian sugar in Argentine supermarkets has alarmed local sugar producers. A photo showing Brazilian sugar alongside national products sparked concern among industrialists, who suspect a major supermarket chain is pressuring local suppliers to lower prices. Brazilian subsidies, estimated at $2.5 billion annually, contribute to lower prices, threatening Argentina's crucial sugar industry, particularly in Tucumán, Salta, and Jujuy.(Contexto)
Argentina - Sugarcane Harvest In Tucumán Reaches 70.3% Collected
The sugarcane harvest in Tucumán is progressing, with 70.3% collected as of September 3, 2024. Eastern areas show the most activity, while 30% remains, primarily in the east with better quality. The total estimated for milling is 17.5 million tons, with 69.9% harvested. Fires have burned 34,490 hectares this year, up from 18,890 in 2023.(Comunicación Tucumán)
Brazil - Sugar Prices Rise Over 1% In Ny; Global Deficit 3.58 Mmt
On October 16, sugar prices in New York rose over 1%, with October 2024 at 19.20 cents/lbp and March 2025 at 19.57 cents/lbp. In London, December 2024 fell by $3.40 to $524.50/ton. Brazil's sugar production is expected to decline due to adverse weather, while global sugar deficit is projected at -3.58 MMT for 2024/25.(Notícias Agrícolas | Notícias Agrícolas | JornalCana | Inkl | Canal Rural | Notícias Agrícolas)
Brazil - Tereos Faces 10% Sugarcane Loss, 100 Million Reais Impact
Fires in São Paulo have impacted 10% of Tereos' sugarcane plantations, totaling 30,000 hectares, leading to a loss of 1.7 million tons of sugarcane and an estimated financial impact of 100 million reais. Overall, over 181,000 hectares have been damaged, resulting in total losses for producers of 1.2 billion reais. Tereos maintains a milling projection of over 21 million tons.(MSN | Investing.com Brasil | Money Times | Notícias Agrícolas)
US - Us Sugar Production Set For Record 9.5 Million Short Tons
US sugar production is set to reach a record 9.5 million short tons in the 2024-25 fiscal year, aided by favorable weather and higher sugar content in beets. This increase will provide stability for the $49 billion confectionery industry, reducing reliance on costly imports. Current sugar prices are around 36 cents per pound, with potential declines ahead.(Yahoo Finance)
United States - Sugar Supply Chain Distributed 50 Million Bags During Pandemic
During the pandemic, the sugar supply chain remained robust, with 50 million four-pound bags distributed. Luther Markhardt from the American Sugar Alliance noted minor transportation issues but emphasized a strong, farmer-owned supply chain. The focus is now on improving production and distribution efficiency through advanced technologies in seeds and fertilizers, ensuring sustainability for the future.(Southern Farm Network)
EU - Aldi Cuts Sugar Price 40% To €0.89, Lidl And Kaufland At €0.99
Aldi, Lidl, and Kaufland have significantly reduced sugar prices, with Aldi lowering its 1-kilogram pack from €1.49 to €0.89. Kaufland and Lidl now sell it for €0.99. This follows a 82% price increase over the past four years, attributed to rising costs. The decline is linked to falling raw material prices and good harvests in the EU.(SWP)
Germany - Südzucker Forecasts Operational Loss Amid 20% Sugar Price Drop
Südzucker AG anticipates an operational loss in the sugar sector for the 2024/25 fiscal year, significantly lowering its profit forecast. The decline is attributed to a large beet harvest and falling sugar prices, which have dropped about 20% to approximately $520 per ton on the London market over the past year. Consumer prices for household sugar in Germany are also being reduced.(agrarheute.com)
Germany - Südzucker Lowers 2024/25 Revenue Forecast To €9.5-€9.9 Billion
Südzucker has significantly downgraded its annual targets due to falling sugar prices, now expecting revenues of €9.5 to €9.9 billion and EBITDA of €550 to €650 million for 2024/25, down from previous estimates. Sugar prices have dropped to 89 cents per kilo in major supermarkets, following a peak of €856 per ton in December 2023.(Merkur.de)
Germany - Sugar Prices Drop Over 40% To €0.89 In Germany
Sugar prices in Germany are significantly decreasing, with major retailers like Aldi, Edeka, and Netto dropping the price of a 1-kilogram pack from €1.49 to €0.89, while Kaufland and Lidl sell it for €0.99. This follows a peak of €856 per ton in December 2023, with an 82% rise in sugar prices since August 2020.(Lebensmittel Praxis | Die heutigen Nachrichten | t-online | Mindener Tageblatt | Merkur.de | NOZ | Die heutigen Nachrichten | boerse.de | Onetz.de)
Italy - Coldiretti Discusses Sugar Beet Cultivation Expansion In Italy
Coldiretti Rimini held a meeting with Coprob to discuss the potential expansion of sugar beet cultivation in the region, including organic farming. The initiative supports Italian sugar production and offers good profitability due to consumer interest. Investments in genetics, irrigation, and by-product utilization for animal feed and biogas are also underway, promoting environmental sustainability.(RiminiToday)
Russia - Tambov Region Harvests 620,000 Tons; Altai Plans Over 1 Million
Tambov region harvested 620,000 tons of sugar beets from 15% of fields, with five factories producing around 44,000 tons of sugar. Exports are to 18 countries, primarily Uzbekistan, Kazakhstan, and China. In the Altai region, over 1 million tons are planned, with the Cheremnovsky Sugar Plant processing 144,000 tons and yielding 14,300 tons of sugar.(Вестник | Алтайская правда)
Ukraine - Sugar Prices Surge To 35-42 Uah/Kg In Dnipro
Since early September, sugar prices in Dnipro have surged to 35-42 UAH/kg from 28-30 UAH/kg in summer. The cheapest sugar is 31.50 UAH/kg at ATB. Experts attribute the rise to seasonal factors but advise against stockpiling, as new harvest products will soon lower prices. Current sugar beet yield is 46 t/ha, with sufficient supply anticipated.(Наше Місто)
United Kingdom - Two Sugar Beet Factories Open; British Sugar Offers £38/T
Two sugar beet factories, Bury St Edmunds and Wissington, have opened for the 2024/25 campaign, with Newark set to open on September 23 and Cantley on October 7. British Sugar will pay £38/t for contracts without yield protection and £37/t for those with it. A campaign handbook with essential information has been provided to farmers.(Farmers Guide)
Nigeria - Nigeria'S 100,000Ha Sugar Project Targets 12.3% Recovery By 2025
Kamar Bakrin, CEO of Nigeria's National Sugar Development Council, announced 2025 as the year to accelerate a 100,000-hectare sugar project in Niger State. Utham Sucrotech aims for a 13% recovery rate, while the expected rate at Dangote Sugar Refinery is 12.3%. The council is focused on supporting investors and local communities for sector growth.(New Telegraph Newspaper | ChiniMandi News | News Central)
Tanzania - Tanzania Aims For 800,000 Tonnes Sugar Production By 2027
Tanzania aims to stop sugar imports and export surplus by 2027, according to Minister Dr. Selemani Jafo. The country currently consumes 800,000 tonnes annually and is set to produce that amount, plus surplus, with factories like Kilimanjaro and Bagamoyo increasing output. The government will support factory operations to ensure self-sufficiency and export capability.(IPPmedia)