Sugar News - 22 Sep 2024
Argentina - Azucarlito To Receive Five Barges Of Crude Sugar Next Week
Argentina - Brazilian Sugar At $1,080/Kg Threatens 61,000 Argentine Jobs
Argentina - Argentina Completes 100% Raw Sugar Export Quota Of 44,178.3 Tons
Argentina - Tucumán Processes 5.48 Million Tons, 2024 Harvest Drops 17
Belize - B.S.I. Limits Sugar Purchases Amid Smuggling Concerns
Brazil - Atvos Invests R$ 350 Million For 28 Million Cubic Meters
Brazil - Scheduled Sugar Shipments Drop To 3.378 Million Tons, Exports Surge
Brazil - Agrogalaxy Shares Down 13.27%, Tereos Loses 1.7M
Brazil - Water Deficit Exceeds 1,000 Mm In Sugarcane Harvest
Cuba - Sugar Production Crisis: 48% Cane Area Reduction Since 2020
Mexico - Atencingo Increases Pest Control Efforts With 250 Traps Per Crop
United States - Hurricane Francine Devastates Louisiana Sugarcane Crop In Southeast
United States - Goltix Herbicide Approved For 135,000 Acres In 2024
Uruguay - Uruguay Sugar Industry Receives $100 Million Subsidy, Employs 3,000
Azerbaijan - Azerbaijan Sugar Exports Surge Over 46% In 2023
India - Sugarcane Cultivation Area Drops By 2,257 Hectares In Uttarakhand
India - Domestic Sugar Prices Stable: M-Grade Rs 3,840-3,900
India - Muzaffarnagar And Bagpat Sugar Mills To Modernize Under Yogi
India - Pau Signs 24 Agreements For Sugarcane Juice Bottling Technology
India - India'S Ethanol Capacity Reaches 1,623 Crore Liters By 2026
India - Vijendra Singh Discusses Sugar Challenges Amid New Control Order
Indonesia - Bpom Limits Sugar And Salt In Food, Smes Prepare For Impact
Indonesia - Aren Sugar Production Plummets From 17.33 Tons To 1.1 Tons
Indonesia - Doubts Over 2.29 Million Hectares Food Project Amid Deforestation
Japan - Amami And Okinawa Sugarcane Producers Request Subsidies Amid Rising Costs
Kazakhstan - Kazakhstan Sugar Beet Production Rises To 25,200 Hectares
Pakistan - 140,000Mt Sugar Export Approved, 40,000Mt To Tajikistan
Pakistan - Psma Requests Loan Repayment Extension Until December 2024
Pakistan - Ecc Approves Export Of 0.100 Million Metric Tons Of Sugar
Philippines - Sra Raises Hfcs Import Fee 20-Fold To P30 Amid Surge
Sri Lanka - Thai Investors Eye $4 Billion Investment In Sri Lanka Sugar Factories
Tajikistan - Ecc Approves 40,000Mt Sugar Export And 100,000Mt Surplus
Turkey - 52 Companies Participate In Kayseri Sugar Sustainability Festival
Turkey - 71St Sugar Beet Campaign Starts, Targeting 80,000 Tons Sugar
Turkey - Yumaklı: Sugar Beet Price Next Week, 2024 Exports At $35 Billion
Turkey - 55,000 Tons Sugar Production Targeted At Factory
Turkey - Sugar Beet Purchase Price To Be Announced Next Week
Turkey - Malatya Sugar Factory To Process 420,000 Tons Of Beets
Turkey - Sugar Beet Production Expected To Drop 2.1% To 23 Million Tons
Turkey - Sugar Beet Prices Set At 1,855 Tl Next Week, $35 Billion Target
Turkey - Turkey'S 2024 Agricultural Exports Target Set At $35 Billion
Turkey - Malatya Sugar Factory Processes 420,000 Tons, Targets 55,000 Tons Sugar
Vietnam - Seven Firms Get 121,000 Tons Sugar Import Quotas
EU - Sugar Beet Yields Expected At 83.6 T/Ha In 2024
England - England: Largest Market For Special Sugars At 80,000 Tons
France - Tereos Reports 65% Ebitda Increase To €223 Million Despite Challenges
Germany - Sugar Prices Drop To €0.89 In German Supermarkets
Russia - Sugar Prices In Russia Hit Six-Month High At $0.2313
Russia - Belgorod Farmers Harvest Sugar Beet From 6,000 Hectares, Bashkortostan
Spain - Acor Reports €15.4 Million Profit, €365 Million Revenue
Ukraine - Ukraine Exports 691,800 Tons Of Sugar In 2023/2024
Ukraine - Three Vinnytsia Sugar Refineries Produce 21,000 Tonnes Of Sugar
United Kingdom - Sugar Beet Harvest Begins, 25Ha Yielding 16.13% Sugar Content
Burundi - Sosumo Sugar Price Jumps 150% To 8,000 Bif Per Kilo
Côte d'Ivoire - Iso Director Discusses Côte D'Ivoire'S Sugar Leadership With 89 Members
Mauritius - Over 10,000 Hectares Abandoned, Rs 2 Billion Loss Reported
Niger - Niger Signs Mou For Six Mills And 148,000 Hectares
Nigeria - Nigeria Targets $5 Billion Investment In Chinese Master Plan
South Africa - Sa Canegrowers Sets Up Crisis Desk Amid Kwazulu-Natal Protests
Uganda - Uganda Seeks Sugar Exports As Kenya Produces 832,185 Tonnes
Argentina - Azucarlito To Receive Five Barges Of Crude Sugar Next Week
Despite the low water levels in the Paraguay River affecting transportation in the Southern Cone, Azucarlito will receive five barges of crude sugar next week at the Sanducero port. The sugar is sourced from Rosario, where Argentina has export surpluses this year, making it more economical. The low river levels have increased costs and delays for other cargo operators.(El Telégrafo)
Argentina - Brazilian Sugar At $1,080/Kg Threatens 61,000 Argentine Jobs
The northern Argentine sugar sector is worried about Brazilian sugar priced at $1,080 per kilogram entering Buenos Aires, potentially threatening local producers in Tucumán, Jujuy, and Salta. Argentina produces double its consumption and plans to export 500,000 tons this year. The local sugar costs around $1,000 per kilo, putting 61,000 jobs at risk.(ámbito.com | Cuarto: Salta a diario | Aries on line)
Argentina - Argentina Completes 100% Raw Sugar Export Quota Of 44,178.3 Tons
Argentina has fulfilled 100% of its raw sugar export quota to the United States, which is set at 44,178.3 tons for the 2024/2025 fiscal year, from a total quota of 46,260 tons. The export deadline is September 30, 2025, with compliance required for export certificates to enhance trade relations.(Revista Chacra | Noticias AgroPecuarias)
Argentina - Tucumán Processes 5.48 Million Tons, 2024 Harvest Drops 17
In 124 days, Tucumán processed 5.48 million tons of raw cane, achieving a 9.66% yield, a 20% increase from 2023. The physical sugar production reached 369,970 tons. For 2024, the sugar cane harvest is expected to drop to 17.5 million tons due to frost losses, with 15,000 to 20,000 hectares unharvested. The harvest will extend until November.(LA GACETA | infobae | LA GACETA)
Belize - B.S.I. Limits Sugar Purchases Amid Smuggling Concerns
Belize Sugar Industries (B.S.I.) is taking measures to combat sugar smuggling, which affects the local market despite no sugar shortage. B.S.I. is limiting purchases per family and removing third-party distributors. Communications Officer William Neal emphasizes that enforcement by law enforcement is crucial to ensure domestic sugar remains available for local consumers.(Channel 5 Belize)
Brazil - Atvos Invests R$ 350 Million For 28 Million Cubic Meters
Atvos is investing R$ 350 million to expand its biogas project at the Santa Luzia plant in Nova Alvorada do Sul, targeting an output of 28 million cubic meters. This initiative is expected to create 4,000 jobs while promoting economic decarbonization. A second biogas plant project using sugarcane biomass is also advancing in the region.(Aquidauana Notícias | Diário Digital)
Brazil - Scheduled Sugar Shipments Drop To 3.378 Million Tons, Exports Surge
Scheduled sugar shipments from Brazilian ports fell to 3.378 million tons for the week ending September 18, down from 3.531 million tons, with Santos port accounting for 2.566 million tons. In September, Brazil exported 1.866 million tons of sugar, earning $840.424 million at an average price of $450.30 per ton. Record cargo movement at São Sebastião port was fueled by bulk sugar exports.(SAFRAS & Mercado | Band Jornalismo)
Brazil - Agrogalaxy Shares Down 13.27%, Tereos Loses 1.7M
AgroGalaxy's shares fell 13.27%, down 81.37% in 2024, amid a debt crisis. Tereos lost 1.7 million tons of sugarcane, costing R$ 100 million, affecting 10% of its plantations. Fires in Mato Grosso do Sul caused R$ 800 million in losses, impacting over 100,000 hectares, with ethanol prices potentially rising 10% due to reduced processing volumes.(Money Times | Jornal Midiamax | Money Times)
Brazil - Water Deficit Exceeds 1,000 Mm In Sugarcane Harvest
The 2024/25 sugarcane harvest faces significant challenges with over 1,000 mm of water deficit affecting productivity in the Central-South region. From April to August, productivity dropped by 7.4%, averaging 86.4 tons per hectare. In August, productivity fell 13.7% year-on-year. Additionally, around 400,000 hectares were impacted by fires, complicating harvest management and increasing costs.(Revista Campo & Negócios)
Cuba - Sugar Production Crisis: 48% Cane Area Reduction Since 2020
The sugar production crisis in Las Tunas, Cuba, is severe, with a 48% reduction in cane planting area since December 2020. Only 38% of the spring planting plan was completed, and current campaigns are underperforming. In 2024, sugar distribution has dropped to three pounds per person, impacting food and medicine production. Critical structural changes are needed to revitalize the industry.(Directorio Cubano)
Mexico - Atencingo Increases Pest Control Efforts With 250 Traps Per Crop
The Ingenio de Atencingo is intensifying efforts to combat sugarcane pests, particularly the "Picudo" and "Gusano Barrenador." They utilize 250 traps per crop for the Picudo, which can reach 120 insects per trap. For the Gusano, losses are estimated at 28,000 to 30,000 pesos per hectare, employing pheromone traps, natural enemies, and chemical applications. Recent rains have alleviated some pest issues.(Enlace Noticias)
United States - Hurricane Francine Devastates Louisiana Sugarcane Crop In Southeast
Hurricane Francine has significantly impacted Louisiana's sugarcane crop, particularly in the southeastern Cane Belt, where strong winds and heavy rain have laid down much of the crop. The extent of the damage is still being assessed by local agricultural experts.(RFD-TV)
United States - Goltix Herbicide Approved For 135,000 Acres In 2024
Goltix herbicide received a Section 18 emergency use label for 135,000 acres of sugar beet fields in Colorado and Nebraska in 2024. Developed by Western Sugar Cooperative and researchers, it effectively controls the herbicide-resistant weed Palmer amaranth, addressing significant yield loss and showing promising results from extensive field trials.(Chadrad | Morning Ag Clips -)
Uruguay - Uruguay Sugar Industry Receives $100 Million Subsidy, Employs 3,000
Uruguay produces 30% of its sugar, with Bella Unión's economy dependent on it, employing over 3,000 workers during harvest. ALUR subsidizes the industry with $80-100 million annually. In 2022, production reached 542,000 tons, generating bioethanol and electricity. ALUR aims to limit land ownership to address wealth concentration among producers and support small farmers.(El País Uruguay)
Azerbaijan - Azerbaijan Sugar Exports Surge Over 46% In 2023
Azerbaijan's sugar exports increased by over 46% from January to August 2023. During this period, the country imported sugar and sugar confectionery worth $180.756 million, marking a 3.5% rise compared to the same timeframe in 2022.(REPORT.az)
India - Sugarcane Cultivation Area Drops By 2,257 Hectares In Uttarakhand
In Roorkee, Uttarakhand, the area under sugarcane cultivation decreased from 66,225.265 hectares last year to 63,968.199 hectares this year, a decline of 2,257.066 hectares. This reduction is attributed to heavy rainfall and nearby development. Despite increased crushing capacity at local sugar mills, crop damage led to inadequate sugarcane supply.(ChiniMandi News)
India - Domestic Sugar Prices Stable: M-Grade Rs 3,840-3,900
Domestic sugar prices remain stable, with M-grade sugar in Muzaffarnagar priced between Rs 3,840 and Rs 3,900 per quintal. S-grade sugar in Kolhapur ranges from Rs 3,590 to Rs 3,660, potentially dropping to Rs 3,500 to Rs 3,650. Internationally, London White Sugar #5 is at $577.80 per ton, and New York Sugar #11 at 22.42 c/lb.(ChiniMandi News)
India - Muzaffarnagar And Bagpat Sugar Mills To Modernize Under Yogi
Muzaffarnagar and Bagpat sugar mills will undergo modernization as directed by Chief Minister Yogi. Departmental officials have been instructed to implement the necessary upgrades to enhance the efficiency and productivity of these mills.(ASB NEWS INDIA)
India - Pau Signs 24 Agreements For Sugarcane Juice Bottling Technology
Punjab Agricultural University (PAU) has signed a Memorandum of Agreement with entrepreneur Ajit Kumar Behera to promote sugarcane juice bottling technology, improving shelf life and market access. This thermally processed juice provides a healthier alternative to roadside options. PAU has now signed 24 agreements to foster partnerships in agriculture and food processing for commercial opportunities.(Krishak Jagat English | Krishi Jagran)
India - India'S Ethanol Capacity Reaches 1,623 Crore Liters By 2026
India has lifted caps on ethanol production to achieve a 20% blending target by 2025-26, enhancing feedstock flexibility and including 2.3 million tonnes of rice. Ethanol capacity rose from 518 crore liters in 2017-18 to 1,623 crore liters in 2023-24, with current blending at 15.8%. Plans for higher ethanol prices may further boost production.(ChiniMandi News | ChiniMandi News)
India - Vijendra Singh Discusses Sugar Challenges Amid New Control Order
Vijendra Singh met with Amit Shah to address challenges in the sugar industry, seeking higher ethanol prices and a minimum sugar selling price. The industry criticized the draft Sugar Control Order 2024 for new regulations and definitions. Additionally, NSDC partnered with investors to enhance the sugar sector's development, focusing on production efficiency and economic growth.(ChiniMandi News | Rural Voice English | The Nation Newspaper)
Indonesia - Bpom Limits Sugar And Salt In Food, Smes Prepare For Impact
The Indonesian government, through the Ministry of Cooperatives, is addressing the impact of Government Regulation No. 28/2024 on small and medium enterprises (SMEs) in the food processing sector. The regulation sets limits on salt, sugar, and fat in food products, aiming to improve public health and combat diabetes, a major health issue. Discussions are ongoing to ensure the rules do not burden SMEs.(Tribunnews.com)
Indonesia - Aren Sugar Production Plummets From 17.33 Tons To 1.1 Tons
Aren sugar production in Indonesia plummeted from 17.33 tons in 2022 to 1.1 tons in 2023, emphasizing the need for increased production or imports due to rising demand. Meanwhile, the Madukismo Sugar Mill produced 18,972 tons of sugar from 306,341.20 tons of sugarcane over 139 days, falling short of Yogyakarta's 45,000 tons consumption requirement.(Eranasional.com | Krjogja)
Indonesia - Doubts Over 2.29 Million Hectares Food Project Amid Deforestation
Professor Dwi Andreas Santosa from IPB University expresses skepticism about the government's food estate project in Merauke, Papua, targeting 2.29 million hectares for rice and sugarcane cultivation. He foresees failure due to unsuitable land, pest problems, and unskilled farmers. Meanwhile, President Joko Widodo's plan to deforest 2 million hectares for a Rp130 trillion sugarcane project raises environmental concerns, with 356 hectares already cleared.(HARIAN ACEH INDONESIA | Harian Massa)
Japan - Amami And Okinawa Sugarcane Producers Request Subsidies Amid Rising Costs
Sugarcane producers in Amami have requested subsidies from Governor Shiota due to rising fertilizer prices and labor shortages, exacerbated by soaring crude oil costs and a decrease in farmers. Meanwhile, the All Okinawa Sugar Workers Union sought support from Deputy Governor Teruya for stable production, stressing the need for a sustainable agricultural system amid similar challenges.(goo.ne.jp | 琉球新報デジタル)
Kazakhstan - Kazakhstan Sugar Beet Production Rises To 25,200 Hectares
Kazakhstan's government is urged to reduce sugar import dependence by enhancing domestic sugar beet production, which increased from 13,400 to 25,200 hectares this year. Despite a projected yield of 1.2 million tons, local sugar factories can only process 200-350,000 tons annually. Legislators propose attracting investments and improving infrastructure to support the industry and mitigate losses.(Inbusiness.kz)
Pakistan - 140,000Mt Sugar Export Approved, 40,000Mt To Tajikistan
The Economic Coordination Committee of Pakistan approved the export of 140,000 metric tonnes of sugar, with 100,000 tonnes for immediate shipment and 40,000 tonnes to Tajikistan. Domestic prices are stable, and reserves are sufficient until January 2025. Key economic indicators include a $75 million current account surplus and foreign exchange reserves at a 26-month high.(The Express Tribune | Business Recorder | ChiniMandi News | Profit by Pakistan Today | The News International | 24 News HD)
Pakistan - Psma Requests Loan Repayment Extension Until December 2024
The Pakistan Sugar Mills Association has requested the State Bank of Pakistan to extend the loan repayment deadline to December 31, 2024, due to difficulties in repaying approximately PKR 200 billion. With 7.54 MMT of sugar stocks and only 150,000 MT approved for export, the association emphasizes the need for timely payments to farmers and potential deregulation to ease challenges.(The Nation | SAMAA | Daily Minute Mirror)
Pakistan - Ecc Approves Export Of 0.100 Million Metric Tons Of Sugar
The Economic Coordination Committee approved the export of 0.100 million metric tons of surplus sugar, citing sufficient domestic stocks. The ECC also approved Rs 456.600 million for constructing women's facilities in Khyber Pakhtunkhwa. Finance Minister Aurangzeb reported stable currency and IT exports at $300 million monthly, alongside a current account surplus of $75 million in August.(The Nation)
Philippines - Sra Raises Hfcs Import Fee 20-Fold To P30 Amid Surge
The Sugar Regulatory Administration has raised the import clearance fee for high fructose corn syrup from P1.50 to P30 per bag, a 20-fold increase. This move aims to reduce HFCS consumption, which surged from 950,989 kgs in 2022 to 1,100,783 kgs in 2023, potentially affecting local sugar demand. An estimated 200,000 metric tons are imported.(Visayan Daily Star | Philstar.com)
Sri Lanka - Thai Investors Eye $4 Billion Investment In Sri Lanka Sugar Factories
A consortium of Thai investors is interested in investing over $4 billion in three projects in Sri Lanka, including sugar processing factories. Discussions with Sri Lanka’s Board of Investment are ongoing, pending political stability. The group aims to boost local sugar production and generate power and ethanol from sugarcane waste, addressing the country's reliance on sugar imports.(ChiniMandi News)
Tajikistan - Ecc Approves 40,000Mt Sugar Export And 100,000Mt Surplus
The Economic Coordination Committee approved the export of 40,000 metric tons of sugar to Tajikistan and an additional 100,000 metric tons of surplus sugar. Finance Minister Muhammad Aurangzeb noted a stable currency, a current account surplus of $75 million in August, and declining sugar prices since July, with sufficient stocks until January.(Radio Pakistan | Daily Times | ProPakistani | PTV's Official Web Portal)
Turkey - 52 Companies Participate In Kayseri Sugar Sustainability Festival
The PANFEST festival in Kayseri focused on sustainability in sugar beet production, featuring expert panels and interactive sessions over three days. Key topics included sustainable agricultural practices and modern farming technologies. Notably, 52 companies participated, showcasing innovations to local beet farmers. Kayseri Sugar emphasized the necessity of eco-friendly practices in agriculture for future security.(Türkgün Gazetesi)
Turkey - 71St Sugar Beet Campaign Starts, Targeting 80,000 Tons Sugar
The 71st sugar beet purchasing campaign at Amasya Sugar Factory has commenced, aiming to produce 80,000 tons of crystal sugar, 30,000 tons of molasses, 170,000 tons of wet pulp, and 6 million liters of ethyl alcohol from 730,000 tons of beets. The campaign involves 7,500 farmers across 332 villages in five provinces. The event included awards for the first ten farmers delivering their products.(Son Dakika)
Turkey - Yumaklı: Sugar Beet Price Next Week, 2024 Exports At $35 Billion
Minister Yumaklı announced that the sugar beet purchase price will be revealed next week, emphasizing the government's commitment to agricultural production. He projected agricultural exports for 2024 to reach $35 billion and highlighted the importance of water management, noting Turkey's per capita water availability is 1,313 cubic meters, which could drop below 1,000 cubic meters if not managed properly.(Jeunes Express)
Turkey - 55,000 Tons Sugar Production Targeted At Factory
The factory aims to produce 55,000 tons of sugar, with initial purchases starting from the Maraş region. They plan to process 126,000 tons of pulp and 17,000 tons of molasses, with a daily processing capacity of 3,800 tons. The campaign is expected to conclude in late December, while investments for capacity increase and energy efficiency projects are underway.(Ege Telgraf)
Turkey - Sugar Beet Purchase Price To Be Announced Next Week
The Minister of Agriculture and Forestry, İbrahim Yumaklı, announced that the sugar beet purchase price will be revealed next week. He emphasized the expectations of farmers in Konya and assured that all calculations regarding the sugar beet prices will be carefully determined and disclosed as before.(Doğru Haber)
Turkey - Malatya Sugar Factory To Process 420,000 Tons Of Beets
Malatya Şeker Fabrikası aims to process 420,000 tons of sugar beets this season, producing 55,000 tons of sugar, along with 17,000 tons of molasses and 126,000 tons of pulp. The campaign, initiated on September 4, will conclude in late December. The factory is also focusing on energy efficiency and addressing odor complaints from the pulp.(Malatya Haber)
Turkey - Sugar Beet Production Expected To Drop 2.1% To 23 Million Tons
Sugar beet producers are facing challenges as prices decline. The harvest season began with production costs rising by 42%, while sugar sale prices increased by only 28%. TÜİK predicts a 2.1% decrease in sugar beet production to 23 million tons this year. Major sugar factories aim to lower prices ahead of harvest, risking future production below 20 million tons.(Omedyam | Bağımsız İnternet Gazetesi)
Turkey - Sugar Beet Prices Set At 1,855 Tl Next Week, $35 Billion Target
Agriculture and Forestry Minister İbrahim Yumaklı announced that sugar beet purchase prices will be revealed next week, with expectations around 2,800 TL/ton from farmers and predictions below 2,500 TL/ton from industry officials. He emphasized careful calculations, a $35 billion export target for 2024, and warned of water scarcity, noting per capita availability is 1,313 cubic meters.(Yeni Şafak | Haber Ekspres | AHB MEDYA | Tarımdan Haber | Haberler | Dünya Gazetesi | Son Dakika | Milliyet | Aksam)
Turkey - Turkey'S 2024 Agricultural Exports Target Set At $35 Billion
Turkey aims for a $35 billion agricultural export value in 2024, as announced by Minister Yumaklı. He will reveal sugar beet purchase prices next week and stressed the need for efficient water management due to Turkey's water stress of 1,313 cubic meters per capita. The government supports irrigation investments and prioritizes youth and women in agriculture.(Diriliş Postası | gazetecin | TRT Haber)
Turkey - Malatya Sugar Factory Processes 420,000 Tons, Targets 55,000 Tons Sugar
Malatya Sugar Factory plans to process 420,000 tons of sugar beets this season, targeting 55,000 tons of sugar, 17,000 tons of molasses, and 126,000 tons of pulp. The campaign commenced on September 4, with a daily processing capacity of 3,800 tons, and is expected to conclude by late December, while addressing environmental concerns.(Haberler | Haberler | Baraj | İhlas Haber Ajansı)
Vietnam - Seven Firms Get 121,000 Tons Sugar Import Quotas
Seven Vietnamese firms have been allocated sugar import quotas totaling 121,000 tons after an auction on September 20, 2024. Six firms received 20,000 tons each, while Song Lam Sugarcane JSC received 1,000 tons. This allocation represents 96.03% of the total 2024 import quota of 126,000 tons, in line with WTO commitments.(Theinvestor.vn)
EU - Sugar Beet Yields Expected At 83.6 T/Ha In 2024
In 2024, sugar beet yields are expected to average 83.6 t/ha, similar to 2023, with production increasing by 6.3% to 34.38 million tons due to a rise in cultivated area. However, regional yield variability is anticipated, with some areas facing challenges. Cristal Union forecasts 85 t/ha, but market prices are declining, nearing production costs of 35 euros per hectare.(Réussir)
England - England: Largest Market For Special Sugars At 80,000 Tons
Didier Ramsamy, factory manager at Agriterra, highlights that England is the largest market for their special sugars, producing 80,000 tons annually, including 10,000 tons of Fine Sugar. The factory processes sugarcane with 70% water and 15% sucrose, utilizing innovative methods for extraction and production, while facing challenges from increasing cane fires, necessitating collaborative prevention efforts.(Le Defi Media Group)
France - Tereos Reports 65% Ebitda Increase To €223 Million Despite Challenges
French sugar and ethanol group Tereos reported a 65% increase in adjusted EBITDA to 223 million euros ($254 million) for Q3, despite reduced sugarcane processing in the 2021/22 season. The company aims for a 12-month EBITDA of 600-700 million euros by September 2022. Tereos anticipates continued high sugar prices due to global market deficits. Net debt stood at 2.52 billion euros.(Revista RPA NEWS)
Germany - Sugar Prices Drop To €0.89 In German Supermarkets
The decline in global sugar prices has reached German supermarkets, with Lidl and Kaufland reducing the price of one-kilogram sugar packs from €1.49 to €0.99, and Aldi to €0.89. Consumer prices surged in previous years, with a 72% increase from January to August 2024 compared to 2022. Sugar producers like Südzucker AG are facing operational losses for 2024/25 after record profits of €947 million in 2023/24.(Proplanta - Das Informationszentrum für die Landwirtschaft)
Russia - Sugar Prices In Russia Hit Six-Month High At $0.2313
Sugar prices in Russia have surged to a six-month high due to expectations of a low harvest in Brazil. October futures for raw sugar rose over 5%, reaching $0.2313 per pound. This increase is partly driven by concerns over severe drought in Brazil, the world's largest sugar supplier, which has led to significant crop damage.(News1ivanovo)
Russia - Belgorod Farmers Harvest Sugar Beet From 6,000 Hectares, Bashkortostan
Farmers in Belgorod are harvesting sugar beet from over 6,000 hectares, with yields down to 470 quintals per hectare due to adverse weather, but sugar content is high at 21%. In Bashkortostan, a record harvest of 2.43 million tons is expected, surpassing processing capacity by 300,000 tons, with average beet prices at 36.33 rubles per kg.(Мир Белогорья | Новости Уфы – ufa1.ru)
Spain - Acor Reports €15.4 Million Profit, €365 Million Revenue
Acor reported a pre-tax profit of €15.4 million for the 2023-24 fiscal year, with revenue hitting €365 million, driven by a 20% increase in sugar prices. Members will receive €75 per ton of sugar beet, earning between €3,280 and €4,000 per hectare. Acor processed 966,091 tons of sugar beet, a 41% rise from the previous year.(La Voz de Medina Digital | Diario de Valladolid | elEconomista)
Ukraine - Ukraine Exports 691,800 Tons Of Sugar In 2023/2024
In the 2023/2024 marketing year, Ukraine exported 691,800 tons of sugar, with 77% going to EU countries. Italy, Bulgaria, and Hungary were the main importers, accounting for 19%, 18%, and 14% of EU imports, respectively. Additionally, exports included 17% to Cameroon, 15% to Libya, and 11% to Turkey. The new sugar beet harvest for 2024 has started.(Ukrinform)
Ukraine - Three Vinnytsia Sugar Refineries Produce 21,000 Tonnes Of Sugar
Three out of five sugar refineries in the Vinnytsia region are operational, producing 21,000 tonnes of sugar from 170,000 tonnes of raw materials. As of September 20, 2024, 4.6 thousand hectares of sugar beets have been harvested, yielding an average of 394 quintals per hectare, which is 83 quintals lower than last year.(MENAFN.COM)
United Kingdom - Sugar Beet Harvest Begins, 25Ha Yielding 16.13% Sugar Content
Sugar beet growers have commenced the 2024/25 harvest, with some already delivering to Bury and Wissington factories. Alex Wilcox from Hill Farm has harvested 25ha of his 40ha crop, reporting an average sugar content of 16.13%. The Newark factory opens on September 23 and Cantley on October 7, while price drops remain a significant concern for growers.(Farmers Guide)
Burundi - Sosumo Sugar Price Jumps 150% To 8,000 Bif Per Kilo
Sosumo raised sugar prices in Burundi from 3,200 BIF to 8,000 BIF per kilogram, marking a 150% increase due to rising production costs. This decision has led to public outrage and calls for government intervention. Additionally, the company produces only 20,000 tons per campaign while facing governance challenges amid market liberalization.(Iwacu | Iwacu)
Côte d'Ivoire - Iso Director Discusses Côte D'Ivoire'S Sugar Leadership With 89 Members
Jose Orive, Executive Director of the International Sugar Organization (ISO), met with Côte d'Ivoire's Permanent Representative Aly Touré on September 13, 2024. They discussed the November 2024 ISO meeting and Côte d'Ivoire's leadership in the sugar industry. The ISO has 89 member states, representing 87% of global sugar production.(Abidjan.net | Connectionivoirienne.net)
Mauritius - Over 10,000 Hectares Abandoned, Rs 2 Billion Loss Reported
The Mauritius Sugar Syndicate reported significant challenges during its annual meeting on September 19. President Fabien de Marassé Enouf noted over 10,000 hectares of abandoned cane fields, leading to an estimated loss exceeding Rs 2 billion. CEO Devesh Dukhira highlighted rising global sugar prices and competition, urging government protection for the local industry amid threats from low-priced imports.(Le Defi Media Group)
Niger - Niger Signs Mou For Six Mills And 148,000 Hectares
Niger's governor signed a memorandum of understanding to establish six Chinese mills and partnered with Uttham Sucrotech International, Rite Foods Ltd, and Legacy Sugar Company Ltd for a project covering 148,000 hectares. The mills will have a daily capacity of 5,000 to 15,000 tonnes, producing 1.6 million tonnes of sugar and 1.45 million tonnes of ethanol annually.(ChiniMandi News | Guardian Nigeria)
Nigeria - Nigeria Targets $5 Billion Investment In Chinese Master Plan
Nigeria's government aims for a $5 billion investment in a Chinese master plan to improve business operations and economic inclusivity. This initiative is part of broader efforts to enhance the country's business environment and attract foreign investment.(ChiniMandi News)
South Africa - Sa Canegrowers Sets Up Crisis Desk Amid Kwazulu-Natal Protests
SA Canegrowers has established a crisis desk to assess damage to sugar cane lands due to arson amid violent protests in KwaZulu-Natal. The organization aims to monitor the situation closely as farmers face significant challenges from these disturbances.(Farmer's Weekly SA)
Uganda - Uganda Seeks Sugar Exports As Kenya Produces 832,185 Tonnes
Ugandan President Yoweri Museveni highlighted Uganda's surplus sugar at a Kenyan event, seeking export opportunities as Kenya's sugar production has increased to 832,185 metric tonnes. The Kenyan government has banned sugar imports, aiming to support local farmers and attract private investments in the sector. With a focus on exports, sugar could become a significant foreign exchange earner for Kenya.(The Star Kenya)