Sugar News - 26 Sep 2024
Bangladesh - Six Closed Sugar Mills In Bangladesh Contribute To Rising Prices
India - Bihar Aims 40% Rise In Sugarcane Production And Jaggery Bids
India - Sugar Prices Stable At Rs 3,800-3,860 Amid 2 Million Tons Exports
India - India Proposes 25% Ethanol Blending Target, Currently At 13.6%
India - India Considers Raising Sugar And Ethanol Prices For 20% Blend
India - Farmers Demand Baitalpur Sugar Mill Reopening After 160-Day Protest
India - Bihar Invites Investors For 81 Jaggery Units, Rs 12.4 Crore Subsidy
India - Bihar Sugar Production Expected To Rise 6.7 Lakh Tons
India - Oil Marketing Companies Bid For 916 Crore Litres Of Ethanol
India - Sugar Prices Drop Amid 2 Mmt Projected Surplus In India
India - India Considers Raising Sugar Prices To ₹31 Per Kg
Japan - Japan Increases Sugar Import Burden After 13 Years Of Deficits
Pakistan - Dispute Over Sugar Exports As Prices Exceed Rs145.15 Per Kg
Turkey - Sugar Beet Price Rises 28% To 2,375 Lira Per Ton
Turkey - Sugar Beet Campaigns Target 4 Million And 210,000 Tons
Brazil - Hedgepoint Cuts Brazil'S Sugarcane Estimate To 610 Mt Amid 19% Rise
Brazil - Drought And Sugar Exports Drive 20% Food Price Increase
Cuba - Granma Targets 19,870 Tons Of Sugar For 2024-2025 Harvest
Mexico - Historic Cane Price Expected To Exceed 942 Pesos Per Ton
Venezuela - Fescoca Aims For 400,000 Tons Of Sugar By 2025
Austria - Sugar Beet Farmers Face 50% Harvest Loss In Upper Austria
Belarus - Over 30% Sugar Beets Harvested In Belarus, Exceeding Last Year
Estonia - Government Abandons €25 Million Sugar Tax Ahead Of 2027 Elections
Poland - Record Sugar Beet Harvests Forecast 30% Price Drop
Ukraine - Ukrainian Sugar Prices Drop To 18-21 Uah Amid Global Rise
Kenya - Nyando Farmers Propose Two-Year Delay For Cane Payment System
Morocco - Cosumar Reports 4.98 Billion Mad Revenue, 412 Million Profit
World - Global Organic Sugar Market Growth Forecasts 2024-2032
Bangladesh - Six Closed Sugar Mills In Bangladesh Contribute To Rising Prices
The fate of six closed state-owned sugar mills in Bangladesh remains uncertain after over three years of inactivity, contributing to rising sugar prices. A recent deal with S Alam Group was canceled due to irregularities. Foreign investors proposed a Tk 5,000 crore investment but await government action. Production halted in December 2020, and officials emphasize the need for renewed engagement with foreign partners.(ChiniMandi News)
India - Bihar Aims 40% Rise In Sugarcane Production And Jaggery Bids
The Bihar government is enhancing sugarcane production statewide and has invited bids for jaggery units in all districts. India, now the third-largest ethanol producer, saw a 40% production rise, with ₹1.14 lakh crores paid to farmers. The country plans to raise sugar prices amid an export ban while the industry urges a lower sugar quota below 22 lakh tonnes for the upcoming season.(ChiniMandi News | ChiniMandi News | Odisha Diary | ThePrint | ChiniMandi News)
India - Sugar Prices Stable At Rs 3,800-3,860 Amid 2 Million Tons Exports
Domestic sugar prices remain stable, with M-grade at Rs 3,800-3,860 per quintal. India's sugar production is projected at 33.9 million tonnes, with 2 million tonnes available for export. The government has set a sugar quota of 25.5 LMT for October 2024 to stabilize prices. Ethanol production has increased 40% over the last decade.(ChiniMandi News | Notícias Agrícolas | PIB | ChiniMandi News | NewsDrum | ChiniMandi News)
India - India Proposes 25% Ethanol Blending Target, Currently At 13.6%
The Food Ministry of India proposed increasing the ethanol blending target for petrol from 20% to 25%, aiming for 2025-26. Current blending stands at 13.6%, up from 1.53% in 2013-14, supported by a production capacity of 1,623 crore liters. The Pradhan Mantri JI-VAN Yojana has been extended to 2028-29 to promote biofuels.(PSU Watch | LatestLY | NDTV Profit | Rediffmail | बिज़नेस स्टैंडर्ड | Devdiscourse)
India - India Considers Raising Sugar And Ethanol Prices For 20% Blend
The Indian government is considering raising domestic prices for sugar and ethanol to support the ethanol blending program and provide relief to sugar mills. The target is 20% ethanol blending in petrol by 2025-26. Currently, ethanol prices are 65.61, 60.73, and 56.28 INR per liter for different types. Sugar production is expected to improve due to better monsoon conditions.(CNBCTV18 हिंदी)
India - Farmers Demand Baitalpur Sugar Mill Reopening After 160-Day Protest
Farmers in Deoria, Uttar Pradesh, led by Brajendra Mani Tripathi, have demanded the reopening of the Baitalpur Sugar Mill. Despite an agreement for development, the mill remains closed since being declared sick by the previous government. Protests have persisted since 2017, including a 160-day sit-in, urging the removal of legal hurdles for reopening.(ChiniMandi News)
India - Bihar Invites Investors For 81 Jaggery Units, Rs 12.4 Crore Subsidy
The Bihar government is promoting jaggery production by inviting investors to establish units in all 38 districts, offering subsidies based on sugarcane crushing capacity. With 81 units approved for 2024-25 and Rs 12.4 crore allocated for subsidies, the state aims to enhance its jaggery production potential, currently cultivated on 2.5 lakh hectares of land.(ChiniMandi News)
India - Bihar Sugar Production Expected To Rise 6.7 Lakh Tons
The Riga sugar mill in Bihar will resume operations after four years, benefiting local farmers in Sheohar and Sitamarhi. This follows the clearance of a fourth tender and resolution of legal issues through the NCLT. Sugar production in Bihar is projected to rise from 6.7 lakh tons in 2023-24, up from 4.5 lakh tons in 2006-07.(ChiniMandi News)
India - Oil Marketing Companies Bid For 916 Crore Litres Of Ethanol
Oil Marketing Companies have invited bids for 916 crore litres of Denatured Anhydrous Ethanol for the ESY 2024-25 period, from November 2024 to October 2025. The country aims for a 20% ethanol blending target by 2025, needing 1,016 crore litres. India's ethanol production capacity has increased from 518 crore litres in 2017-18 to 1,623 crore litres in 2023-24.(ChiniMandi News)
India - Sugar Prices Drop Amid 2 Mmt Projected Surplus In India
October NY world sugar prices decreased by 0.09%, and December London ICE white sugar fell by 0.25% amid projections of a 2 MMT sugar surplus in India. Crude oil's decline impacts sugar production decisions, while Brazil faces drought-related production cuts. India's sugar production is expected to drop by 2% to 33.3 MMT, while Thailand anticipates an 18% increase to 10.35 MMT.(Inkl)
India - India Considers Raising Sugar Prices To ₹31 Per Kg
India plans to raise domestic prices for sugar and ethanol to enhance its ethanol blending program, targeting 20% blending in petrol by 2025-26. Food Minister Pralhad Joshi announced considerations for increasing the minimum sugar price, stagnant at ₹31 per kilogram since February 2019. Current ethanol prices are ₹65.61 per litre for cane juice, and ₹60.73 and ₹56.28 for molasses.(CNBCTV18)
Japan - Japan Increases Sugar Import Burden After 13 Years Of Deficits
From October, Japan will revise its sugar subsidy system, increasing the burden on refining sugar manufacturers for the first time in 13 years. This change addresses chronic deficits amid declining sugar demand. Currently, 60-70% of Japan's sugar consumption is met by imported raw sugar from countries like Thailand and Australia.(日本経済新聞 | 日本経済新聞)
Pakistan - Dispute Over Sugar Exports As Prices Exceed Rs145.15 Per Kg
A dispute between Pakistan's industry and petroleum ministers has arisen over sugar exports, with prices exceeding Rs145.15 per kg. The Economic Coordination Committee approved 150,000 metric tons for export, but unmet conditions have caused tensions. Concurrently, the Bihar government is advancing plans to expand sugarcane cultivation, led by Minister Krishnanandan Paswan.(ChiniMandi News | ChiniMandi News)
Turkey - Sugar Beet Price Rises 28% To 2,375 Lira Per Ton
The purchase price for sugar beets in Turkey has risen 28% to 2,375 lira per ton for the 2024-2025 campaign. Despite this increase, farmers are dissatisfied, expecting at least 2,500 lira. Agricultural input costs have surged by 41%, prompting calls for government support. Kayseri Şeker's board salaries also rose by 66.7%, further frustrating farmers.(İstikbal Gazetesi | Eskişehir.Net | Evrensel | Kayseri Olay | Haberler)
Turkey - Sugar Beet Campaigns Target 4 Million And 210,000 Tons
The 2024-2025 sugar beet campaigns are underway at Konya, Çumra, and Erciş factories, with expected yields of 4 million tons and processing targets of 3.6-3.65 million tons. Erciş aims to process 210,000 tons, producing 32,000 tons of sugar. Ilgın will process 1.03 million tons, yielding 134,000 tons of sugar and 44,000 tons of molasses.(Pervasız Gazetesi | Milliyet | Konya Hakimiyet Gazetesi | Demirören Haber Ajansı | Tarımdan Haber)
Brazil - Hedgepoint Cuts Brazil'S Sugarcane Estimate To 610 Mt Amid 19% Rise
Hedgepoint Global Markets has reduced Brazil's 2024/25 sugarcane production estimate to 610 million tons from 614 million tons, due to recent fires affecting 400,000 hectares. Sugar production is revised to 39.6 million tons. Meanwhile, Brazil's sugar futures rose 19% amid supply shocks, with a global sugar deficit projected at 2.2 million tons for early 2025.(JornalCana | Bloomberg Línea Brasil)
Cuba - Granma Targets 19,870 Tons Of Sugar For 2024-2025 Harvest
Granma is preparing for the 2024-2025 sugar harvest at the Enidio Díaz Machado mill, which aims to produce 19,870 tons of crude sugar. Operations will begin on November 28, lasting 122 days until early April 2025. The success depends on local inventories due to U.S. economic sanctions, and efforts are needed to ensure workforce mobilization and support for the harvest.(La Demajagua)
Mexico - Historic Cane Price Expected To Exceed 942 Pesos Per Ton
Cane producers in southern Quintana Roo anticipate a historic price for the 2023-2024 harvest, exceeding the previous 942 pesos per ton due to higher sugar levels in remaining crops. Despite adverse weather impacting production, this increase is crucial for covering year-end expenses and investing in future cultivation, benefiting many local families reliant on the sugar industry.(Sol Quintana Roo)
Venezuela - Fescoca Aims For 400,000 Tons Of Sugar By 2025
Venezuelan sugarcane producers aim to reach 5 million tons of sugarcane by 2025, yielding 400,000 tons of refined sugar, covering 60-65% of national consumption. Fesoca president José Ricardo Álvarez noted a recent harvest of 4.15 million tons, exceeding expectations. The sector has grown 18-20% annually, reducing reliance on sugar imports.(El Impulso)
Austria - Sugar Beet Farmers Face 50% Harvest Loss In Upper Austria
Sugar beet farmers in Upper Austria face significant damage, with the risk that much of this year's harvest may not be processed into sugar. Optimal yields are about ten beets per square meter, yielding 1.5 kg of sugar. Farmers cultivate 9,000 hectares, but transport issues mean only half the usual amount can be sent to factories, risking spoilage.(ORF OÖ)
Belarus - Over 30% Sugar Beets Harvested In Belarus, Exceeding Last Year
As of September 25, Belarus has harvested 30% of its 104,000 hectares of sugar beets, exceeding last year's 23% at this time. A total of 1.386 million tons have been collected, with an expected yield of 5.2 million tons for the year. Optimal harvesting is advised from September 20 to November 1 to maximize sugar content.(Гомельская Правда)
Estonia - Government Abandons €25 Million Sugar Tax Ahead Of 2027 Elections
The government has abandoned the proposed sugar tax on sweetened beverages, as announced by Prime Minister Kristen Mihal on September 26. The tax aimed to reduce sugar consumption and was expected to generate €25 million by 2026. Instead, a new defense tax will be introduced, with no additional taxes planned until the 2027 elections.(rus.err.ee | ERR News)
Poland - Record Sugar Beet Harvests Forecast 30% Price Drop
Record sugar beet harvests are expected to lead to a 30% drop in sugar beet root prices for the 2025/2026 season, raising concerns about the crop's profitability. Poland anticipates producing 2.7 to 2.8 million tons of sugar this year, marking a record output. Industry leaders express worries over future pricing and market conditions.(Farmer.pl)
Ukraine - Ukrainian Sugar Prices Drop To 18-21 Uah Amid Global Rise
Ukrainian sugar prices are falling to 18-19 UAH/kg from previous rates of 21.50-22 UAH/kg due to market oversaturation and limited export opportunities. In contrast, global sugar prices are increasing because of drought in Brazil affecting 5-8% of sugarcane fields. Export restrictions to the EU, effective until 2025, further impact Ukrainian sugar exports.(24 Канал | UA Portal | ГЛАВКОМ)
Kenya - Nyando Farmers Propose Two-Year Delay For Cane Payment System
Sugarcane farmers in Nyando propose a two-year delay for the Quality-Based Cane Payment System (QBCPS) to prepare for sucrose content payments. Farmers express optimism about the new system, which aims to reduce exploitation by millers. Government officials noted the development of 27 high sucrose cane varieties and emphasized the need for farmer education on the new regulations.(Capital FM Kenya)
Morocco - Cosumar Reports 4.98 Billion Mad Revenue, 412 Million Profit
Cosumar reported a consolidated revenue of 4.98 billion MAD in H1 2024, a 0.5% increase year-on-year. EBITDA rose 9.9% to over 1 billion MAD, while net profit increased by 43 million MAD to 412 million MAD. The new Sidi Bennour refinery enhances production capacity to 2.5 million tons annually, supporting local agriculture.(Ecoactu | Le Matin | Le Desk)
World - Global Organic Sugar Market Growth Forecasts 2024-2032
The global organic sugar market has seen significant growth, driven by consumer interest in health and environmental issues. Key players like Wholesome Sweeteners and Florida Crystals are focusing on innovation and sustainability. The report forecasts trends from 2024 to 2032, analyzing the market's impact from COVID-19 and providing insights on revenue and competition.(KPopEs)