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Sugar News - 23 Sep 2024

Sugar News - 23 Sep 2024
Asia

Azerbaijan - Azerbaijan Exports Sugar And Confectionery Worth $24.2 Million
India - Kharif Crop Sowing Reaches 1104.63 Lakh Hectares By September 23
India - Kerala'S Alangad Jaggery Makes Sweet Comeback After 40 Years
India - Sugar Prices: Muzaffarnagar Rs 3,810-3,870, London $597.60/Ton
India - Sugar Distribution Resumes In Kerala: ₹33 For 1 Kg
India - Ethanol Blending Hits 15.8% As 100 Mills Integrate By 202
India - Sweet Consumption Rises To 51% In Indian Households
Indonesia - Ptpn Iii Plans Second Ethanol Plant By 2025, 30,000 Kl Annually
Philippines - Philippines Raises Import Fees To P30 On Sweeteners
Sri Lanka - Ab Mauri Launches Icing Sugar Plant In August 2024
Tajikistan - Tajikistan Imports 40,000 Metric Tons Of Sugar From Pakistan
Thailand - Thailand Sugar Production Falls 20.37% To 8.8 Million Tonnes
Turkey - Çorum Sugar Factory Plans 750,000 Tons Of Beets Purchase
Turkey - Turkey Implements Land Controls For Sustainable Sugar Beet Production
Turkey - Türkşeker Targets 7 Million Tons, Burdur Starts September 25

Europe

Belarus - Belarus Aims For 650,000 Tons Sugar From 5.2 Million Tons Beets
Belgium - 2024 Sugar Beet Campaign Begins With 3.5 Million Tons
France - French Sugar Beet Farmers To Benefit From 10% Price Rise
France - Cristal Union Criticizes Tereos' Decision Reducing Beet Volume By 50%-80%
Poland - Sugar Prices Surge To Highest Since 2008, Reaching 7.99 Pln
Russia - Chishminsky Sugar Plant To Boost Processing By 25% To 1 Million Tons
Spain - Acor Reports €15.4 Million Profit, Pays €75 Per Ton Beet
Switzerland - Global Sugar Prices Drop To 20 Cents, Swiss Consumers Unaffected
Ukraine - Ukrainian Sugar Exports Primarily Go To Eu In 2023/24
Ukraine - Ukraine Exports Nearly 700,000 Tons Of Sugar In 2023/24

Americas

Argentina - Inauguration Of Sugarcane Cogeneration Plant For 15 Mw Production
Brazil - Mato Grosso Do Sul Sugarcane Productivity Drops 7.9% To 805 Tons
Mexico - 2024-2025 Harvest At Ingenio El Potrero Delayed To December
U.S. - U.S. Sugar Beet Prices Hit 918 Usd/Mt In December
USA - U.S. Federal Reserve Cuts Rates 50 Basis Points Amid Challenges

World

World - Commodity Prices Rise: Sugar Soars 13.6%, Gold Hits $2,625.8
World - Global Sugar Beet Market Valued At Usd 4.1 Billion 2023

Africa

Zimbabwe - Sugar Tax Generates Us$18 Million In 2024

Asia

Azerbaijan - Azerbaijan Exports Sugar And Confectionery Worth $24.2 Million
In the first eight months of this year, Azerbaijan exported 31,000 tons of sugar and confectionery worth $24.2 million, marking a 38% increase in value and 36% in quantity compared to the same period in 2023. In August alone, exports reached 6,846 tons valued at $5.3 million. Total trade operations amounted to $30.995 billion.(REPORT.az)

India - Kharif Crop Sowing Reaches 1104.63 Lakh Hectares By September 23
As of September 23, 2024, kharif crop sowing has increased, with maize at 88.06 lakh hectares, up from 84.65 lakh hectares in 2023. Sugarcane sowing reached 57.68 lakh hectares, slightly higher than 57.11 lakh hectares last year. Overall area sown is 1104.63 lakh hectares compared to 1088.26 lakh hectares in 2023.(ChiniMandi News)

India - Kerala'S Alangad Jaggery Makes Sweet Comeback After 40 Years
Kerala's Alangad jaggery makes a sweet comeback after 40 years, with the first batch now available in the market. The revival reflects a significant development in local agriculture and food production, catering to increasing consumer demand for traditional sweeteners.(ChiniMandi News)

India - Sugar Prices: Muzaffarnagar Rs 3,810-3,870, London $597.60/Ton
Domestic sugar prices are stable to weak, with Muzaffarnagar prices between Rs 3,810 and Rs 3,870 per quintal, and Kolhapur prices between Rs 3,580 and Rs 3,650. Internationally, London White Sugar is at $597.60/ton and New York Sugar at 23.03 c/lb. The Indian rupee is at 83.552 against the US dollar.(ChiniMandi News)

India - Sugar Distribution Resumes In Kerala: ₹33 For 1 Kg
In August 2024, the Ministry of Consumer Affairs, Food and Public Distribution released the draft of 'The Sugar (Control) Order, 2024'. This includes resuming sugar distribution in Kerala for families with yellow ration cards at ₹33 per kg, sugarcane purchases in Amroha at ₹250 per quintal, and nearly 100 sugar mills advancing API integration for data accuracy.(ChiniMandi News)

India - Ethanol Blending Hits 15.8% As 100 Mills Integrate By 202
Nitin Gadkari has requested permission for ethanol pumps at sugar mills in Pune to promote ethanol-powered vehicles, enhance sustainability, and boost farmers' incomes. Meanwhile, 100 sugar mills are integrating their systems with NSWS by September 2024 to improve data accuracy. Ethanol prices are currently Rs.65.61 for cane juice and blending reached 15.8% in August.(ChiniMandi News | ChiniMandi News | ChiniMandi News)

India - Sweet Consumption Rises To 51% In Indian Households
In August 2024, the Ministry of Consumer Affairs highlighted increasing sweet consumption in Indian households, with 51% of urban Indians consuming sweets three or more times monthly, up from 41% in 2023. Annual sugar intake stands at 29 million tonnes, and 55% of respondents favor a 25-75% reduction in sugar levels in sweet products.(ChiniMandi News | ChiniMandi News)

Indonesia - Ptpn Iii Plans Second Ethanol Plant By 2025, 30,000 Kl Annually
PT Pertamina and PTPN III are focusing on renewable energy, planning to build a second ethanol plant in Banyuwangi, East Java, by 2025, as confirmed by PTPN III's CEO Mohammad Abdul Ghani. The current plant produces 30,000 kiloliters of ethanol annually. Pertamina will invest in the new facility, while PTPN III will supply sugar as raw material. Ethanol will support the upcoming B50 biodiesel initiative.(CNBC Indonesia)

Philippines - Philippines Raises Import Fees To P30 On Sweeteners
The Philippines' Sugar Regulatory Administration has raised import fees for high fructose corn syrup from P1.50 to P30 per bag to address competition from artificial sweeteners, with potential imports reaching 200,000 tons. Additionally, import duties on artificial sweeteners have been increased following the draft release of 'The Sugar (Control) Order, 2024'.(ChiniMandi News | ChiniMandi News)

Sri Lanka - Ab Mauri Launches Icing Sugar Plant In August 2024
AB Mauri Sri Lanka has launched a new icing sugar grinding plant using advanced European technology to boost productivity and quality, supporting a contract with Fonterra’s NZMP. Additionally, the Sri Lankan government unveiled 'The Sugar (Control) Order, 2024' in August 2024 to improve sugar regulation and distribution, alongside the inauguration of the new plant.(ChiniMandi News | ChiniMandi News)

Tajikistan - Tajikistan Imports 40,000 Metric Tons Of Sugar From Pakistan
Tajikistan will import 40,000 metric tons of sugar from Pakistan, facilitated by the Trade Corporation of Pakistan and the Pakistan Sugar Mills Association. The agreement follows a meeting between Pakistan's Minister for National Food Security and Tajikistan's Director of State. Both nations will establish a joint working group to enhance trade relations and address edible goods storage and facilitation.(Profit by Pakistan Today)

Thailand - Thailand Sugar Production Falls 20.37% To 8.8 Million Tonnes
Thailand's sugar production decreased by 20.37% in the 2023/24 season to 8.8 million tonnes. An 18% increase is projected for next year, reaching 10.39 million tonnes. Thailand consumes around 2.5 million tonnes domestically, with the remainder available for export.(ChiniMandi News | Notícias Agrícolas | Bangkok Post)

Turkey - Çorum Sugar Factory Plans 750,000 Tons Of Beets Purchase
Çorum Şeker Fabrikası plans to purchase 750,000 tons of sugar beets in 2024 to produce 110,000 tons of sugar. They will pay farmers 1.9 billion TL and transporters 260 million TL, along with 680 million TL in advance payments. The factory also distributes 15% of delivered beets as free pulp to support livestock.(Çorum Hakimiyet | Çorum Son Dakika Haberleri | Osmancık Haber)

Turkey - Turkey Implements Land Controls For Sustainable Sugar Beet Production
In Turkey, sugar companies produce sugar by securing raw materials through contracts with farmers, following the Sugar Law No. 4634. The Ministry of Agriculture announced that land controls for sustainable sugar beet production are now conducted via the Beet Registration System (PAKSİS), ensuring the protection of soil and water resources.(Afyon Kocatepe Gazetesi)

Turkey - Türkşeker Targets 7 Million Tons, Burdur Starts September 25
TÜRKŞEKER, Turkey's leading sugar company, plans to process 7 million tons of sugar beets in the 2024/2025 campaign, aiming for 950,000 tons of sugar. The Burdur Sugar Factory will start beet purchases on September 25, 2024, and sugar production on October 2, processing 605,000 tons of beets for 80,000 tons of sugar and 26,000 tons of molasses.(BOMBA15 | NNC Haber)

Europe

Belarus - Belarus Aims For 650,000 Tons Sugar From 5.2 Million Tons Beets
In 2024, Belarus plans to harvest at least 5.2 million tons of sugar beet roots, resulting in a minimum of 650,000 tons of sugar. Favorable weather conditions contribute to this yield. Additionally, efforts to reduce production costs in the sugar industry have doubled compared to previous plans, with over 83% focused on minimizing material expenses.(СБ-Беларусь сегодня)

Belgium - 2024 Sugar Beet Campaign Begins With 3.5 Million Tons
The 2024 sugar beet campaign at the Tirlemont refinery begins with challenges from late sowing, but recent warm weather has improved sugar content. Over 3.5 million tons were harvested last season, yielding 500,000 tons of sugar. Processing will commence Tuesday, with daily processing of tens of thousands of tons planned, as the company targets carbon neutrality by 2050.(lalibre.be | Trends-Tendances | Le Sillon Belge)

France - French Sugar Beet Farmers To Benefit From 10% Price Rise
Matéis Mouflet from XTB highlights that global sugar prices have risen about 10% recently, currently at 22 cents per pound. Production deficits in Brazil and India, with revised forecasts for 2024-2025 dropping from 186 Mt to 179.3 Mt, are driving prices. French sugar beet farmers may benefit from this rise, despite potential impacts on consumer prices for unprocessed products.(TÉMA Agriculture & Terroirs)

France - Cristal Union Criticizes Tereos' Decision Reducing Beet Volume By 50%-80%
Cristal Union criticized Tereos for a "incomprehensible decision" to reduce logistical optimizations in the sugar beet campaign, leading to a 50% to 80% decrease in the volume of beets involved, depending on regions. This unilateral decision, announced before summer, raises concerns about increased truck traffic in local villages this winter. Cristal Union continues to optimize logistics with other sugar companies.(L'Aisne Nouvelle)

Poland - Sugar Prices Surge To Highest Since 2008, Reaching 7.99 Pln
The average price of white sugar in Poland is currently 4.86 PLN per kilogram, with a maximum price reaching 7.99 PLN. Global sugar prices have surged to their highest since 2008, driven by drought and fires in Brazil affecting sugarcane yields. Rising production costs and inflation in Poland are expected to further increase consumer prices, impacting the food service industry.(igryfino.pl)

Russia - Chishminsky Sugar Plant To Boost Processing By 25% To 1 Million Tons
Chishminsky Sugar Plant plans to increase its processing of sugar beets by 25% to approximately 1 million tons in the 2024/25 season. The plant accounts for about 50% of sugar production in Bashkortostan, which anticipates a record harvest exceeding 2 million tons. Recent modernization has doubled sugar production capacity and improved processing efficiency.(Агроинвестор)

Spain - Acor Reports €15.4 Million Profit, Pays €75 Per Ton Beet
ACOR reported a pre-tax profit of €15.4 million for the 2023-2024 fiscal year, with total revenue of €365 million. The cooperative will pay €75 per ton of sugar beet, maintaining the previous year’s rate. Beet production increased by 41% to 966,091 tons, despite challenges. The cooperative is optimistic for the 2024-2025 campaign.(Interempresas)

Switzerland - Global Sugar Prices Drop To 20 Cents, Swiss Consumers Unaffected
Global sugar prices have fallen to around 20 cents per pound from 25 cents earlier this year, with a recent low of 17 cents. This decline is attributed to lower energy costs and record harvests. However, Swiss consumers are unaffected due to stable local prices and domestic production regulations.(tvsvizzera.it | TOP ONLINE | Nau.ch)

Ukraine - Ukrainian Sugar Exports Primarily Go To Eu In 2023/24
Ukrainian sugar exports for the 2023/24 marketing year were primarily directed to EU countries, according to APK-Inform.(АПК-Информ On-Line)

Ukraine - Ukraine Exports Nearly 700,000 Tons Of Sugar In 2023/24
Ukraine exported nearly 700,000 tons of sugar in the 2023/24 marketing year.(Украинские Новости)

Americas

Argentina - Inauguration Of Sugarcane Cogeneration Plant For 15 Mw Production
The inauguration of a sugarcane cogeneration plant at Ingenio La Florida, led by Governor Osvaldo Jaldo, aims to provide renewable energy to support Tucumán hospitals. Additionally, a project announced by Jorge Rocchia Ferro plans to diversify sugar mill production, initially generating 15 MW of energy, with a potential increase to 19 MW in a future phase.(Ministerio de Salud Pública | LA GACETA)

Brazil - Mato Grosso Do Sul Sugarcane Productivity Drops 7.9% To 805 Tons
Sugarcane productivity in Mato Grosso do Sul has decreased by 7.9% this season, falling to 805 tons per hectare due to over 1,000 mm of water deficit and wildfires affecting 400,000 hectares. The Total Recoverable Sugar (ATR) remains stable at 1,460 kg per ton, despite a 2% decrease in juice purity, indicating some resilience amid challenges.(Região News | Hoje Cidades | Correio do Estado | CaarapoNews)


Mexico - 2024-2025 Harvest At Ingenio El Potrero Delayed To December
The 2024-2025 harvest at Ingenio El Potrero is at risk due to the disastrous previous season, with delays in repairs and a lack of qualified labor. The harvest, originally set for late November, is now postponed to December or January. With over 250 workers unengaged, the mill may process less than one million tons of sugarcane. Economic audits may offer some hope for workers amidst a potential economic recession.(La Nigua Noticias)

U.S. - U.S. Sugar Beet Prices Hit 918 Usd/Mt In December
Sugar beet prices in the U.S. reached 918 USD/MT by December. In comparison, prices in France and Germany were 2514 USD/MT and 1605 USD/MT, respectively. The IMARC Group report analyzes factors impacting prices and demand, highlighting the crop's versatility for sugar, animal feed, and biofuels, while emphasizing technological advancements and sustainability in production.(openPR)

USA - U.S. Federal Reserve Cuts Rates 50 Basis Points Amid Challenges
The U.S. Federal Reserve cut interest rates by 50 basis points, signaling potential economic challenges despite strong economic data. Coffee prices hit an 11-year high due to climate change affecting crops, while sugar prices surged over 20% due to supply constraints. India surpassed China in MSCI indices, reflecting a shift in investor sentiment. Intel plans to split to enhance production efficiency.(DNA Rynków)

World

World - Commodity Prices Rise: Sugar Soars 13.6%, Gold Hits $2,625.8
Commodity prices are rising after the Federal Reserve's 50 basis point interest rate cut to 4.75-5.00%. Gold reached a record $2,625.8 per ounce, while sugar surged 13.6%, driven by drought concerns in Brazil. Wheat prices fell 4.4%, and rice increased by 1.9%. Inflation concerns are also growing due to rising sugar costs.(bigpara | Финам.RU | Ensonhaber)

World - Global Sugar Beet Market Valued At Usd 4.1 Billion 2023
The global sugar beet market is valued at USD 4.1 billion in 2023 and is projected to reach USD 5.8 billion by 2032, growing at a CAGR of 5.3%. Key players include Renuka Beet Sugar and Syngenta, with growth influenced by economic recovery post-COVID-19 and geopolitical factors.(Cityjournal - Dein Regionalmagazin | Blog de Nueva York)

Africa

Zimbabwe - Sugar Tax Generates Us$18 Million In 2024
The government has generated about US$18 million from the sugar tax in 2024, as reported by Minister Mthuli Ncube. This tax aims to fund cancer treatment equipment and was introduced in the 2024 National Budget to also reduce the consumption of high-sugar beverages.(pindula.co.zw)