Sugar News - 24 Sep 2024

India - Domestic Sugar Prices Steady At Rs 3,810 To Rs 3,870
India - Cane Growers Warned Against Diverting Cane For 2024-25 Season
India - India'S Sugar Industry: 175 Mills Non-Operational, ₹14-15 Crores Investment
India - Farmers Demand 500 Rupees Per Quintal For Sugarcane
India - Maharashtra Sugarcane Harvesting Starts November 15, 2023, 904 L
Indonesia - Merauke Sugar Project Devastates Papua'S Forests Amid Controversy
Indonesia - Indonesia'S 29.7% Excess Sugar, Salt, Fat Labeling And 0% Tax
Indonesia - Jokowi'S Merauke Sugar Cane Project Destroys Papua'S 700,000 Hectares
Philippines - Philippine Sugar And Glass Industries Seek Exclusion From Cepa
Turkey - Turkish Ministry Fines Starch-Based Sugar Producers 595 Million Lira
Turkey - 2024 Sugar Beet Purchase Price Set At 2,375 Lira Per Ton
Turkey - 2024 Sugar Beet Price Set At 2,375 Tl Per Ton

Argentina - Argentine Sugar Industry Aims To Generate $2 Billion, Double Production
Brazil - Innovative Supply Chain Solutions Boost Brazil'S Sugarcane Ethanol Sector
Brazil - Lowered Sugar Production Estimates Drive Crystal Prices Up
Brazil - Sugar Prices Reach R$ 143.54, Rising 1.53% Due To Supply
Brazil - Ethanol Up 2.51%, Sugar Losses Estimated 196,000 Tons
Brazil - Raízen Issues R$ 1.5 Billion Debentures, 2025/26
Colombia - Weg Enhances Sugar And Ethanol Plant Efficiency In Colombia
Cuba - Preparations Intensify For 2024-2025 Sugar Harvest In Matanzas

Belarus - Belarusian Farm Harvests 500 Quintals Of Beets Per Hectare
France - Saint Louis Sucre'S 2024/25 Campaign Starts September 24
Poland - Sugar Prices In Poland Rise 16%, Highest In 16 Years
Russia - Bashkortostan Sugar Production Capacity Increases By 25% To 2 Million Tons
Slovakia - Slovakia Increases Taxes On Sugary Drinks And Tobacco Products
Ukraine - Ukrainian Sugar Prices Expected To Fall, 500,000 Tons Needed

Mauritius - Sugar Industry Aims For 80,000 Tonnes By 2024 Amid Challenges
Niger - Niger Signs Mou For Six Sugar Mills On 148,000 Hectares

World - Global Sugar Price Index Falls 4.7% Amid High Production

India - Domestic Sugar Prices Steady At Rs 3,810 To Rs 3,870
Domestic sugar prices remain steady, with M-grade sugar in Muzaffarnagar priced between Rs 3,810 and Rs 3,870 per quintal. Global prices have risen, limiting price declines. Ex-mill prices range from ₹3,570 to ₹4,168.50 across various states, while international prices are at $590.10 per ton in London and 22.80 c/lb in New York.(ChiniMandi News)

India - Cane Growers Warned Against Diverting Cane For 2024-25 Season
The Dharmapuri district administration has warned cane growers and private sugar mills against diverting cane registered for the Dharmapuri District Cooperative Sugar Mill. Complaints have arisen regarding illegal interceptions for the 2024-25 season, violating the Sugarcane Control Act, 1966, and the Essential Commodities Act, 1955. Unauthorized transport of cane will result in vehicle seizure without a no-objection certificate.(The Hindu)

India - India'S Sugar Industry: 175 Mills Non-Operational, ₹14-15 Crores Investment
India's sugar industry, vital for 50 million farmers, faces challenges with 175 out of 700 mills non-operational. Stored syrup technology offers a solution by allowing year-round ethanol production, improving cash flow, and diversifying revenue. The initial investment is ₹14-15 Crores, but the technology promises profitability even at low sugar prices, potentially reviving sick mills and supporting rural economies.(BusinessLine)

India - Farmers Demand 500 Rupees Per Quintal For Sugarcane
Farmers are demanding a sugarcane price of 500 rupees per quintal, alongside interest on overdue payments. Meanwhile, IIT Kanpur has created electrodes from sugarcane peels to combat plastic pollution, supporting the ongoing government initiatives to enhance ethanol production capacity across multiple states.(ChiniMandi News | ChiniMandi News)

India - Maharashtra Sugarcane Harvesting Starts November 15, 2023, 904 L
Maharashtra's sugarcane harvesting will start after November 15, 2023, due to elections and reduced cane availability. The state has 904 lakh tons of sugarcane, down from 1,076 lakh tons last year. Sugar production is projected at 102 lakh tons, with 12 lakh tons allocated for ethanol, ensuring no domestic sugar shortage.(बिज़नेस स्टैंडर्ड | The Times of India)

Indonesia - Merauke Sugar Project Devastates Papua'S Forests Amid Controversy
The Merauke Sugar Project under Jokowi's government has sparked controversy due to its significant environmental impact, leading to the devastation of Papua's forests. The project raises concerns about sustainability and the balance between economic development and environmental preservation.(الفهرس الاخباري)

Indonesia - Indonesia'S 29.7% Excess Sugar, Salt, Fat Labeling And 0% Tax
Indonesia will implement labeling for sugar, salt, and fat content on food packaging, aiming to address health issues as 29.7% of Indonesians exceed recommended intake levels. The system will categorize products into four risk levels, focusing initially on ready-to-drink items. Meanwhile, Lumajang offers 0% BPHTB tax relaxation for PTPN Group to support sugar industry revitalization and palm oil projects.(Tribunnews.com | Memontum)

Indonesia - Jokowi'S Merauke Sugar Cane Project Destroys Papua'S 700,000 Hectares
The Merauke sugar cane project under President Jokowi covers 2.29 million hectares, with 700,000 hectares designated for additional sugar cane land. The initiative has led to the destruction of hundreds of thousands of hectares of Papua's forests. An environmental study is being conducted for 600,000 hectares, while a factory with an 80,000-ton daily capacity is planned.(Nouvelles Du Monde)

Philippines - Philippine Sugar And Glass Industries Seek Exclusion From Cepa
Philippine sugar millers and glass manufacturers are concerned about the Comprehensive Economic Partnership Agreement (CEPA) with the UAE, fearing negative impacts on their industries. They request exclusion of sugar and glass products from the agreement due to potential influx from the UAE, which has major sugar refineries. The DTI is accepting position papers until September 4, with negotiations set for September 16-18.(The Filipino Times)

Turkey - Turkish Ministry Fines Starch-Based Sugar Producers 595 Million Lira
The Turkish Ministry of Agriculture imposed a record fine of 595 million lira on starch-based sugar producers for exceeding production quotas. Despite a reduction in quotas from 10% to 2.5%, unchecked production has raised health concerns and threatened sugar beet production. The lack of oversight, worsened by the closure of the Sugar Authority in 2018, has led to significant regulatory failures.(Tarımdan Haber)

Turkey - 2024 Sugar Beet Purchase Price Set At 2,375 Lira Per Ton
The Ministry of Agriculture and Forestry announced that the 2024 sugar beet purchase price, including the quota completion premium, is set at 2,375 lira per ton. The information was shared via social media, wishing farmers well with the new pricing from Türkşeker.(Aksam)

Turkey - 2024 Sugar Beet Price Set At 2,375 Tl Per Ton
The Ministry of Agriculture and Forestry announced that the 2024 sugar beet purchase price, including the quota completion premium, is set at 2,375 TL per ton. Last year's price was 1,855 TL. Farmers expected prices to exceed 3,000 TL due to rising costs, raising concerns about whether the new price will cover their expenses.(BBN Haber)

Argentina - Argentine Sugar Industry Aims To Generate $2 Billion, Double Production
The Argentine sugar industry aims to double production and generate $2 billion, adopting a Brazilian model with transgenic sugarcane resistant to drought and glyphosate. Expected to be approved soon, this initiative expands agricultural frontiers and diversifies sugarcane uses, including bioethanol production. The sector has also launched a biomass cogeneration project, generating 20 MW of renewable energy for 17,000 families.(Forbes Argentina)

Brazil - Innovative Supply Chain Solutions Boost Brazil'S Sugarcane Ethanol Sector
Brazil is the world's leading producer and exporter of sugarcane ethanol, crucial for the global energy matrix. To enhance sustainability and efficiency, innovative supply chain solutions like IoT for real-time monitoring, blockchain for traceability, and advanced logistics are essential. Government incentives also support low-carbon practices, vital for maintaining competitiveness and meeting international sustainability standards.(Revista RPA NEWS)

Brazil - Lowered Sugar Production Estimates Drive Crystal Prices Up
DATAGRO has lowered its estimates for sugar milling and production in Brazil's Centro-Sul region for the 2024/25 harvest due to unprecedented wildfire cases, many of which are suspected to be arson. These fires, alongside prolonged drought conditions, raise concerns about the state of sugarcane fields to be harvested in the last third of the 2024/25 season.(JornalCana)

Brazil - Sugar Prices Reach R$ 143.54, Rising 1.53% Due To Supply
Sugar prices in São Paulo have risen to R$ 143.54 per 50 kg sack as of September 20, marking a 1.53% increase due to low domestic supply from decreased sugarcane productivity caused by drought and high temperatures, along with strong exports. The average price for the week was R$ 141.84, the highest since early May.(Notícias Agrícolas | Revista RPA NEWS | Compre Rural | AGROemDIA | CenárioMT)

Brazil - Ethanol Up 2.51%, Sugar Losses Estimated 196,000 Tons
Sugarcane productivity in Brazil is declining due to drought and wildfires. São Paulo's productivity fell 1.66% post-August fires, with an estimated sugar loss of 196,000 tons. Mato Grosso do Sul saw a 7.9% drop, while overall sugar output is projected at 38.8-40.8 million tons. Raízen warns of further declines for the 2025/26 crop.(Revista RPA NEWS | Grande FM | ChiniMandi News | Revista RPAnews | Diário do Comércio | Business AM - FR | Revista RPAnews)

Brazil - Raízen Issues R$ 1.5 Billion Debentures, 2025/26
Raízen plans to issue R$ 1.5 billion in non-convertible debentures for its Priority Project, which aims to build two ethanol plants costing R$ 2.4 billion, producing 164,000 m³ of biocombustibles annually. Additionally, Raízen warns that the 2025/26 sugarcane harvest may fall below 82 million tons due to drought and wildfires, with estimates potentially lowered in mid-October.(E-Investidor | Diário do Comércio)

Colombia - Weg Enhances Sugar And Ethanol Plant Efficiency In Colombia
WEG provides solutions for a sugar and ethanol plant in Colombia, enhancing operational efficiency and sustainability. The collaboration aims to optimize production processes and reduce environmental impact, aligning with industry trends towards greener energy sources. The initiative reflects WEG's commitment to supporting the renewable energy sector in Latin America.(Revista Nossa)

Cuba - Preparations Intensify For 2024-2025 Sugar Harvest In Matanzas
Preparations for the 2024-2025 sugar harvest are intensifying at the Jesús Rabí sugar mill in Calimete, with workers and technicians focused on meeting repair deadlines. Authorities in Matanzas are overseeing resource allocation and organization to ensure production targets for sugar and derivatives are met, involving brigades from four local agro-industrial companies and others from different provinces.(TV Yumurí)

Belarus - Belarusian Farm Harvests 500 Quintals Of Beets Per Hectare
The "Vidiborsky" farm in the Stolin district specializes in milk production and sugar beet cultivation, managing 1,500 hectares. The average sugar content of beets is 16%, with 500 quintals harvested per hectare. The Jabin sugar plant processed over 180,000 tons of beets this season, producing 18,000 tons of sugar, with daily production reaching 1,300 tons.(Новости Беларуси (БелТА))

France - Saint Louis Sucre'S 2024/25 Campaign Starts September 24
Saint Louis Sucre's 2024/25 campaign begins on September 24 in Etrépagny and September 26 in Roye, lasting a minimum of 120 days. Despite a three-week planting delay and heavy spring rains, yields are expected to match the five-year average, though with lower sugar content. The company emphasizes sustainability through investments in modernization and reduced CO2 emissions.(Terre-net)

Poland - Sugar Prices In Poland Rise 16%, Highest In 16 Years
Sugar prices in Poland are rising sharply, with futures contracts experiencing a 16% increase, the largest since 2008. This surge is linked to wildfires damaging sugarcane crops in Brazil, exacerbated by ongoing drought. Wilmar International predicts lower sugar production, potentially impacting global sugar availability by early 2025. Additionally, prices for sweets and beverages are expected to rise.(Super Biznes)

Russia - Bashkortostan Sugar Production Capacity Increases By 25% To 2 Million Tons
A sugar production facility in Bashkortostan has completed significant modernization, enhancing its capacity to process over 1 million tons of sugar beets, a 25% increase from last year. Both local sugar factories can now process over 2 million tons per season, following investments exceeding 2 billion rubles from 2020 to 2024.(Газета "Республика Башкортостан")

Slovakia - Slovakia Increases Taxes On Sugary Drinks And Tobacco Products
Slovakia's parliament approved a new law increasing taxes on sugary drinks and tobacco products to reduce its budget deficit, projected to reach 5.7% of GDP in 2023. The new taxes are expected to generate €85 million in 2025 and €117 million in 2026 from sugary drinks, and €15 million in 2025 and €126 million in 2026 from tobacco.(Finans Gündem)

Ukraine - Ukrainian Sugar Prices Expected To Fall, 500,000 Tons Needed
Ukrainian sugar prices are expected to continue falling, making it more affordable for consumers compared to previous seasons. Deputy Dmitry Solomchuk noted a significant price increase over the past two years led to expanded cultivation in Poland and Germany. The EU reinstated tariff quotas for Ukrainian sugar, but competition and logistics costs may impact economic performance. Additional markets for 500,000 tons are needed for growth.(NewsYou)

Mauritius - Sugar Industry Aims For 80,000 Tonnes By 2024 Amid Challenges
Minister Mahen Seeruttun urged the Mauritian sugar industry to enhance productivity due to labor shortages, land abandonment, and water scarcity. The government is offering 80% advance payments and Rs 75 million for replanting on 1,250 acres. Agriterra aims to produce 80,000 tonnes of sugar by 2024, up from 60,000 tonnes in 2023, utilizing precision agriculture.(L'express Maurice | L'express Maurice)

Niger - Niger Signs Mou For Six Sugar Mills On 148,000 Hectares
Niger State Government has signed a three-year MoU with UtthamSucrotech International, Rite Foods Limited, and Legacy Sugar Company to establish six sugar mills on 148,000 hectares. The project aims to empower 110,000 local farmers, produce 145 million liters of ethanol annually, and enhance the local economy, with expected farmer revenues of N5 to 6 million each year.(THISDAY Newspapers)

World - Global Sugar Price Index Falls 4.7% Amid High Production
The sugar price index fell by 4.7% due to high production in India and Thailand, along with decreasing international oil prices. Global food prices decreased by 1.1% year-on-year in August. Brazil dominates the sugar market, producing 45 million tons annually, with 35 million tons exported. The forecast for the 2023-24 season is 187.9 million tons of global sugar production.(İstanbul Ticaret Gazetesi)