Sugar News - 18 Sep 2024
Argentina - Strong Sugar And Bioethanol Production Expected In 2024 Harvest
Argentina - Argentina Increases Sugarcane Bioethanol Price By 2.1% To $657
Argentina - No Record Of Imported Sugar As Brazil Threatens Local Industry
Brazil - São Martinho Target Price R$ 38, 45% Upside Amid Rising Costs
Brazil - Tereos Aims For 50% Emission Cuts Amid 1.7 Million Tons Loss
Brazil - Water Deficit Exceeds 1,000 Mm, 400,000 Hectares Burned
Brazil - Sugar Prices Surge 5.81% To $0.21 Amid Brazil Drought
Brazil - Sugar Prices Rise To R$ 140.0 Per 50 Kg Sack
Brazil - Usina Rio Amambaí Investigated For Deforestation In Protected Areas
Brazil - Viterra Bioenergia Achieves 91% Sugar Efficiency At Sinatub 2024
Brazil - Mato Grosso Uses 33.4% Of Brazil'S Agricultural Biological Products
Guatemala - Guatemalan Sugar Smuggled: Over 20 Tons Weekly Underselling Prices
Mexico - Mexico'S Sugar Production Drops 9 Kg Per Ton This Year
Paraguay - 50% Sugarcane Content Mandated In Gasoline Blends By 2025
USA - Ministry Plans Major Changes To U.S. Sugar Quota For 2024
USA - Researchers Boost Sugarcane Biomass Yield By 18% Using Crispr
India - Isma Hosts 2Nd India Sugar & Bio-Energy Conference September 26-27
India - Domestic Sugar Prices Rise Rs 10-50 Per Quintal
India - Sugar Mills Integrate Erp Systems With Nsws Portal For Accuracy
India - Government Raises Customs Duty To 20% On Edible Oils
India - Maharashtra Sugar Cane Crushing Delayed Until After Elections
Indonesia - Sugar, Salt, And Fat Tax Set For 2025, Idr 4.38 Trillion Target
Philippines - Philippines Sugar Industry Seeks Import Controls And Uae Exclusion
Thailand - Thailand Projects 8.80 Million Tons Granulated Sugar Production
Turkey - Kurtgöz Urges Urgent Sugar Beet Prices For Farmers' Stability
Turkey - Malazgirt Sugar Beet Campaign Targets 134,000 Tons From 623 Farmers
Germany - Südzucker'S Profit Forecast Cut By 81.5% To 175 Million Euros
Portugal - Regional Government To Pay €0.50 Per Kilogram To Producers
Portugal - Government Owes Sugarcane Producers 10 Cents Per Kilogram
Kenya - Mediation Committee Formed To Resolve Sugar Bill Disputes In 30 Days
Nigeria - Nigeria Urges Tighter Regulations On Sweetener Imports Amid Chinese Projects
Russia - Bashkiria'S Beet Crop Reaches 2.4 Million Tons, Exceeds Capacity
Australia - Fsanz Accepts Comments On Gm Sugar Beet Until October 28, 2024
World - Cane Sugar Market Projected To Grow 5.30% By 2032
Argentina - Strong Sugar And Bioethanol Production Expected In 2024 Harvest
In the 2024 sugar and bioethanol harvest, Tucumán's sugar mills report good production volumes despite adverse weather, including frost. The harvest is expected to conclude in October, earlier than planned. Jorge Etchandy from IPAAT confirmed strong yields. Also, recent Brazilian sugar imports in Buenos Aires are isolated incidents and do not impact the local market. The campaign features increased energy generation and alcohol production.(El Ocho)
Argentina - Argentina Increases Sugarcane Bioethanol Price By 2.1% To $657
The Argentine government has raised the price of sugarcane bioethanol by 2.1%, bringing it to $657.416 per liter from $644.525. Additionally, the minimum acquisition price for biodiesel is set at $984,865 per ton for mandatory blending with diesel, effective from September 2024 until a new price is published.(LA GACETA | Radio Bicentenario)
Argentina - No Record Of Imported Sugar As Brazil Threatens Local Industry
Jorge Etchandy of IPAAT reported no Brazilian sugar imports in Tucumán, emphasizing local production supplies over 65% of Argentina's sugar. Meanwhile, industry representatives are urging provincial officials to act against Brazil's imports, which threaten local growers. In Jujuy and Salta, independent farmers express alarm over undocumented imports priced at $1,300 to $1,400 per kilo, compared to local sugar at $600 to $1,000.(Radio LV12 Tucumán | LA GACETA | Somos Jujuy)
Brazil - São Martinho Target Price R$ 38, 45% Upside Amid Rising Costs
BTG Pactual reduced São Martinho's target price to R$ 38, with a 45% upside from R$ 26.08, maintaining a buy recommendation due to favorable sugar market conditions and a projected ethanol demand of 33 billion liters in 2024. Agroindustrial costs rose 7% in Q1 2024/25, with sugar production expected to decline by 6.99% to 39.46 million tons.(Money Times | Revista Cultivar | JornalCana)
Brazil - Tereos Aims For 50% Emission Cuts Amid 1.7 Million Tons Loss
Tereos aims for a 50% reduction in industrial emissions and a 36% reduction in agricultural emissions by 2032/2033, targeting net-zero greenhouse gas emissions by 2050. Recently, the company lost 1.7 million tons of sugarcane due to fires, affecting 10% of its fields, with estimated losses of R$ 100 million, while maintaining a processing forecast of 21.1 million tons.(Agrolink | Compre Rural)
Brazil - Water Deficit Exceeds 1,000 Mm, 400,000 Hectares Burned
The 2024/25 sugarcane harvest in Brazil is severely impacted by a water deficit exceeding 1,000 mm and extensive fires affecting 400,000 hectares. Productivity has dropped by 7.4%, from 93.3 to 86.4 tons per hectare, with losses estimated at R$ 1.2 billion. Sugar production is projected at 600 million tons, down from 654.49 million tons.(JornalCana | Revista RPAnews | Revista Cultivar | Compre Rural | Notícias Agrícolas | Poder360 | El Watan | TV Brasil |)
Brazil - Sugar Prices Surge 5.81% To $0.21 Amid Brazil Drought
Sugar prices surged significantly due to drought and fires in Brazil, with NY raw sugar up 4.2% to $0.1998 per pound. Approximately 2,000 fires affected 80,000 hectares, risking 5 million tons of sugarcane. Brazil's production estimate dropped to 39.2 million tons for 2024/25, while global sugar deficit projections rose to 600,000 tons.(Money Times | Barchart | Agrolink | Notícias Agrícolas | Notícias Agrícolas | Barchart | Revista RPA NEWS | JornalCana)
Brazil - Sugar Prices Rise To R$ 140.0 Per 50 Kg Sack
Sugar prices continue to rise in São Paulo, driven by reduced supply from mills due to drought and fires, alongside a slight improvement in demand. The CEPEA/ESALQ Indicator for Icumsa 130 to 180 sugar is currently at R$ 140.0 per 50 kg sack, a level not seen since early May 2024.(JornalCana)
Brazil - Raw Sugar Futures Reach 2.5 Month High At 20.38 Cents
Raw sugar futures reached a 2-1/2 month high at 20.38 cents per lb due to dry weather in Brazil affecting next year's cane crop. October raw sugar rose 1.05% to 20.19 cents. Arabica coffee prices consolidated below a 13-year high, with December arabica at $2.6470 per lb. Ghana's cocoa output fell by 160,000 tons due to smuggling.(XM)
Brazil - Usina Rio Amambaí Investigated For Deforestation In Protected Areas
The Mato Grosso do Sul Public Prosecutor's Office is investigating Usina Rio Amambaí for illegal deforestation and sugarcane cultivation in protected areas, particularly at Fazenda São Jorge. The inquiry follows previous infractions and involves potential violations of Federal Law No. 11.428/2006 regarding the conservation of native vegetation in the Atlantic Forest. The company claims compliance with environmental regulations but faces scrutiny over its practices.(Ponta Porã Informa)
Brazil - Viterra Bioenergia Achieves 91% Sugar Efficiency At Sinatub 2024
The presentation "Maximizing Sugar Production with Energy Efficiency" at SINATUB 2024 highlighted Viterra Bioenergia's innovations in productivity and energy consumption. Key results included over 80% sugar production mix, total recoverable sugar efficiency above 91%, and cane exportation of 75 KW/t, with peaks of 83 KW, and a 20% surplus of bagasse at the Nova Unialco unit.(JornalCana)
Guatemala - Guatemalan Sugar Smuggled: Over 20 Tons Weekly Underselling Prices
Guatemalan sugar "Justo Cabal" is illegally entering Tapachula markets via the Suchiate River, exploiting lax authorities. Over 20 tons weekly are smuggled, underselling Mexican sugar priced at 22-28 pesos per kilogram, with "Justo Cabal" priced between 19-20 pesos, increasing its demand. This situation creates unfair competition for local vendors.(Cuarto Poder)
Mexico - Mexico'S Sugar Production Drops 9 Kg Per Ton This Year
Mexico's sugar cane production is expected to yield 9 kilograms less sugar per ton this year due to severe drought, leading to a total production of approximately 4.7 million tons, nearly 10% lower. The harvested area decreased by 7.8%, with an estimated total sugar production of around 5.5 million tons.(El Diario de Chihuahua | Luces del Siglo)
Paraguay - 50% Sugarcane Content Mandated In Gasoline Blends By 2025
Cane growers achieved partial approval for a law requiring 50% sugarcane content in gasoline blends below 97 octanes, with seasonal stipulations. Additionally, 80,000 sugarcane producers support changes to law 5444/2015 to increase ethanol use, targeting 30% by 2025 and 32% by 2030, which aims to stabilize the market and assist small producers.(Última Hora | La Nación)
USA - Ministry Plans Major Changes To U.S. Sugar Quota For 2024
The Ministry of Commerce plans significant changes to the sugar export quota to the U.S. for 2024. Producers and exporters must submit reassignment requests by October 21, 2024. Reassigned tons will be published on October 30. Eligibility certificates for reassigned quotas can be requested from November 1 to December 27, with products needing U.S. customs clearance by December 31.(Periódico Red Jurista)
USA - Researchers Boost Sugarcane Biomass Yield By 18% Using Crispr
Researchers at the University of Florida have utilized CRISPR/Cas9 to enhance sugarcane's leaf angle, allowing it to capture more sunlight and increase biomass production. Editing 12% of the LG1 gene copies resulted in a 56% reduction in leaf angle and an 18% increase in dry biomass yield. This approach optimizes sugarcane productivity without additional fertilizers.(DairyNews)
India - Isma Hosts 2Nd India Sugar & Bio-Energy Conference September 26-27
The Indian Sugar & Bio-Energy Manufacturers Association (ISMA) will host the 2nd India Sugar & Bio-Energy Conference on September 26-27 in New Delhi, focusing on "Harmonising Sweet Sustainability." The event will gather industry leaders and policymakers to discuss key topics, including global sugar dynamics and ethanol production. Dignitaries like Union Minister Shri Pralhad Joshi will attend.(ChiniMandi News)
India - Domestic Sugar Prices Rise Rs 10-50 Per Quintal
Domestic sugar prices have risen for the fourth consecutive session, with Kolhapur prices increasing by Rs 10-20 per quintal and Uttar Pradesh by Rs 40-50 per quintal. M-grade sugar in Muzaffarnagar costs Rs 3,840 to Rs 3,900 per quintal. Internationally, London White Sugar #5 is at $545.60 per ton. The rupee is at 83.724 against the dollar.(ChiniMandi News)
India - Government Raises Customs Duty To 20% On Edible Oils
During the festive season, consumption of sweets and edible oils increases, affecting prices. The government has raised the basic customs duty on crude soybean, palm, and sunflower oils from zero to 20% effective September 14. However, the food secretary assures that prices of sugar and edible oils will remain stable during the festive season, alleviating concerns of significant price hikes.(दैनिक जागरण (Dainik Jagran))
India - Maharashtra Sugar Cane Crushing Delayed Until After Elections
The sugar cane crushing season in Maharashtra will likely start after the state assembly elections, possibly not before mid-November. Last season, 208 mills crushed 1,076.16 lakh metric tonnes of cane. Meanwhile, Bhakiyu workers threaten protest over unpaid sugarcane prices and demand timely payments to support farmers and the sugar industry's sustainability.(The Times of India | ChiniMandi News)
Indonesia - Sugar, Salt, And Fat Tax Set For 2025, Idr 4.38 Trillion Target
The Indonesian Food and Beverage Entrepreneurs Association (GAPMMI) expresses concerns over the planned sugar, salt, and fat tax set to be implemented in 2025, fearing it will negatively impact the industry and economy. GAPMMI argues that non-communicable diseases are influenced more by lifestyle than processed food consumption. The government targets IDR 4.38 trillion in revenue from sugary drinks in 2024.(DDTCNews)
Philippines - Philippines Sugar Industry Seeks Import Controls And Uae Exclusion
The Philippines' sugar industry is calling for stricter import controls on artificial sweeteners to protect their market. Additionally, local sugar millers and glass manufacturers seek exclusion from the UAE's Comprehensive Economic Partnership Agreement, expressing concerns over potential negative impacts. The Department of Trade and Industry is accepting position papers until September 4, with negotiations set for September 16-18.(ChiniMandi News | The Filipino Times)
Thailand - Thailand Projects 8.80 Million Tons Granulated Sugar Production
In the 2023/24 fiscal year, Thailand is projected to produce 8.80 million tons of granulated sugar, according to Phimphatara. This figure reflects the nation's ongoing efforts to boost sugar production amidst various market dynamics.(กรุงเทพธุรกิจ)
Turkey - Kurtgöz Urges Urgent Sugar Beet Prices For Farmers' Stability
Kurtgöz stressed the critical role of sugar beet in Tokat's economy, calling for urgent disclosure of purchase prices to alleviate farmer anxiety and enhance financial planning. He urged authorities to implement necessary regulations and ensure fair compensation, emphasizing that price uncertainty undermines economic stability and sustainable agricultural policy. Immediate action is essential for farmers' well-being.(Hürsöz Gazetesi | Haber Extra)
Turkey - Malazgirt Sugar Beet Campaign Targets 134,000 Tons From 623 Farmers
In Malazgirt, Muş, the sugar beet purchasing campaign has started, aiming for a target of 134,000 tons from 623 farmers across 22,000 decares. This initiative underscores the region's agricultural potential and economic benefits. Factory manager Kürşat Erdoğan and Sugar-İş Union President Agit Arslan highlighted the importance of the campaign for local production and farmers.(Adana Masası | Diyadinnet)
Germany - Südzucker'S Profit Forecast Cut By 81.5% To 175 Million Euros
Südzucker faces a significant downturn as it cancels its profit forecast due to a surplus in the sugar market, leading to a projected operational loss instead of a profit. In fiscal year 2024/25, the operational profit is expected to plummet from 558 million euros to as low as 175 million euros, a decrease of 81.5%.(NTG24)
Portugal - Regional Government To Pay €0.50 Per Kilogram To Producers
The Regional Government will soon provide sugarcane producers with an additional €0.10 per kilogram to address labor costs, totaling €0.50 per kilogram. This year, €891,000 will be paid to 659 producers, with production at approximately 8,900 tons. A contract was approved for payments with the Acoeste association to facilitate this process.(Diário de Notícias Madeira)
Portugal - Government Owes Sugarcane Producers 10 Cents Per Kilogram
Sugarcane producers are frustrated as the regional government has yet to pay the promised 10 cents per kilogram subsidy, despite assurances from officials and an approved budget three months ago. With payments pending over four months after the harvest, critics accuse the government of insensitivity and prioritizing infrastructure over agricultural support amid rising production costs.(Funchal Notícias | Diário de Notícias Madeira | JM Madeira)
Kenya - Mediation Committee Formed To Resolve Sugar Bill Disputes In 30 Days
A mediation committee has been formed to resolve disputes over the contentious Sugar Bill after MPs rejected Senate amendments. Co-chaired by MP Emmanuel Wangwe, the committee aims to restore the Kenya Sugar Board's roles and introduce a 4% Sugar Development Levy. They have 30 days to reach an agreement, or the Bill will be defeated.(The Star Kenya)
Nigeria - Nigeria Urges Tighter Regulations On Sweetener Imports Amid Chinese Projects
The local sugar industry in Nigeria urges the government to tighten regulations on the importation of artificial sweeteners, citing concerns that these products are increasingly undermining local production. The call comes amid suggestions from the NSDC executive secretary to accelerate Chinese projects in the sector.(ChiniMandi News)
Russia - Bashkiria'S Beet Crop Reaches 2.4 Million Tons, Exceeds Capacity
Bashkiria is harvesting a record sugar beet crop of 2.43 million tons, surpassing processing capacity by over 300,000 tons. Two sugar plants will operate until April, processing 1.1 million tons each. In Bashkortostan, a similar situation arises with a 2.4 million tons harvest against a 2.2 million tons capacity, risking spoilage. Currently, 17% of 58,000 hectares have been harvested.(Новости Уфы – ufa1.ru | Независимая Уральская газета)
Australia - Fsanz Accepts Comments On Gm Sugar Beet Until October 28, 2024
Food Standards Australia New Zealand (FSANZ) is accepting public comments on the approval of genetically modified (GM) sugar beet line KSW20-1, developed by Bayer CropScience. This GM variety is tolerant to certain herbicides and aims to manage herbicide-resistant weeds. It is deemed as safe for human consumption as conventional sugar beet. Comments are open until October 28, 2024.(ISAAA)
World - Cane Sugar Market Projected To Grow 5.30% By 2032
The cane sugar market is projected to grow from an undisclosed value in 2023 to an undisclosed value by 2032, with a CAGR of 5.30%. Key drivers include rising demand for natural sweeteners and renewable energy applications. Major players include Tate & Lyle, Raizen, and Louis Dreyfus. Significant growth is expected in the Asia-Pacific region.(openPR)