Saturday, 13 November 2010

Fiji - sugar production fell annually by 13.9 percent

Cane and sugar production decline
Fiji Broadcasting Corporation Ltd

In its October economic review – RBF says - in the first four months of the crushing season that is June to September cane and sugar production fell ...

Friday, 12 November 2010

Carlos Blackaller, the head of Mexico's sugar cane producers, told reporters on Thursday that production for the current season is seen at 5.26 million tonnes

Mexico Sugar Producers See Recovery, Lower Prices
FLEXNEWS

Mexico has assigned most of the 100000-tonne sugar import quota for the 2010/11 cycle, the second opened this calendar year, aimed at covering demand after ...

Pakistan has revised a forecast of 2010/11 sugar production to 3.7 million tonnes, up by about 500,000 tonnes from an earlier estimate,

Pakistan raises 2010/11 sugar output estimates
Business Recorder (press release) (blog)

Pakistan has revised a forecast of 2010/11 sugar production to 3.7 million tonnes, up by about 500000 tonnes from an earlier estimate, despite flood damage ...

ICE Boosts Sugar Margins By 65%

ICE Boosts Sugar Margins By 65%
Zero Hedge Thu, 11 Nov 2010 15:10 PM PST

Prepare for another staple pricing readjustment courtesy of central clearing "risk management": minutes ago the ICE hiked its Clearing Member outright margin for Sugar (SB and SBC) from $2,150 to $3,550 , a substantial 65% increase in margin requirements. Little by little more exchanges refuse to take on liquidity risk. In essence what the CME, the ICE, LCH and everyone else is doing by hiking ...

Japan's farmers fight to keep 328 percent on sugar.

Japan's Farmers Fight to Keep Protective Tariffs
New York Times

Besides the high rice tariffs, Japan levies a 252 percent tariff on imported wheat, 360 percent on butter, 328 percent on sugar and 38.5 percent for beef. ...

Thursday, 11 November 2010

Egypt's state-owned Sugar and Integrated Industries Company (SIIC) said on Thursday it planned to import about 500,000 tonnes of raw sugar in 2011

Sugar eases off 30-year high, eyes India, Egypt
Reuters Africa
By David Brough LONDON (Reuters)

ICE front-month raw sugar futures eased off a 30-year peak on Thursday, underpinned by planned Egyptian offtake against a ...

The European Union voted on Thursday to cut its 98 euro-per-tonne ($135) import duty on raw cane sugar to zero from December

EU suspends duty on raw sugar importscommission
Reuters

BRUSSELS, Nov 11 (Reuters) - The European Union voted on Thursday to cut its 98 euro-per-tonne ($135) import duty on raw cane sugar to zero from December, ...

China - Output in 2010/11 is forecast to rise to around 11.7 mln tonnes compared with 10.7 the prior year.

China's new crop sugar production higher
AgraNet (subscription)

This brought cumulative production so far in the season to around 170000 tonnes. China's sugar year starts in September. Output in 2010/11 is forecast to ...

Taiwan - The price stabilization measure would see tariffs cut by 25 percent on sugar and butter

MOF unveils plan to cut commodity tariffs
Taiwan Today

The price stabilization measure, which will be forwarded to the Cabinet for approval, would see tariffs cut by 25 percent on sugar and butter, ...

India was likely to free up sugar exports soon and might also permit export of 2 million tonnes under its Open General Licence

India likely to free sugar exports soon: Industry
Economic Times

NEW DELHI: India may soon permit unrestricted exports of sugar, in a move that could push New York futures from 30-year highs by eliminating uncertainty ...

The closure of Ireland’s last sugar factory in Mallow, Co Cork, with the loss of 240 jobs may not have been necessary, according to a report from the EU Court of Auditors

EU Mallow sugar factory closure was unnecessary
Irish Examiner

THE closure of Ireland's last sugar factory in Mallow, Co Cork, with the loss of 240 jobs may not have been necessary, according to a report from the EU ...

U.S. Department of Agriculture partially lifts sugar beet ban

US Department of Agriculture partially lifts sugar beet ban
TMCnet

Idaho growers produced 5.59 million tons last year, ranking Idaho second in the nation for sugar beet production. Half of the nation's sugar comes from ...

EU - Special Report No 6/2010 “Has the reform of the sugar market achieved its main objectives?”, published on 10 November 2010

Special Report: Has the reform of the sugar market achieved its main objectives ?
European Court of Auditors

The EU launched a major reform of its sugar sector in 2006 in order to increase market orientation and to stabilise the market while complying with ...

Wednesday, 10 November 2010

If the rumour mill is to be believed, Australia's sugar industry is as irresistible to international players as chocolate after a break-up.

Rumour mill working overtime on sugar mill plays
Farm Weekly

Word is that France's Louis Dreyfus is talking to northern Queensland mills such as Mackay Sugar, Maryborough Sugar Factory, Proserpine Sugar Mill and ...

Russia - Sugar production in 2010/11 in the period ended November 8 amounted to 2.087 mln tonnes, white value, down from 2.345 mln produced in the same period a year ago, the Russian Sugar Producers Union said

Russian beet sugar production continues to lag behind last year
AgraNet (subscription)

Sugar production in 2010/11 in the period ended November 8 amounted to 2.087 mln tonnes, white value, down from 2.345 mln produced in the same period a year ...

Projected U.S. sugar supply for fiscal year 2010/11 is increased 218,000 short tons, raw value, from last month, due to higher imports more than offsetting lower beginning stocks and production - Wasde

WASDE Updates: US Sugar Imports Rise For 2010/11 Year
India Infoline.com

Sugar production is lowered 155000 tons, based on lower forecast production of US sugar beets and Louisiana sugarcane. Imports from Mexico are increased ...

Australia - Exports were likely to be “closer to” 2.6 million metric tons compared with an initial estimate of 2.9 million to 3 million tons for the year to June 30 and the outlook may be cut further

Queensland Sugar Cuts Export Forecast on Wet Weather
BusinessWeek 10 (Bloomberg) --

Queensland Sugar Ltd., Australia's largest shipper of the sweetener, cut its export forecast as wet weather threatens to reduce production ...

Kenya - That brought total sugar production in the first half of 2010 to 249,201 tonnes, down 15.1% from 293,345 tonnes produced in Jan/Jun 2010

Kenya's sugar output down sharply in June 2010
AgraNet (subscription)

That brought total sugar production in the first half of 2010 to 249201 tonnes, down 15.1% from 293345 tonnes produced in Jan/Jun 2010. ...

Australia - Neil Taylor, QSL said the total Australian crop may be less than 4.0 metric tonnes

Wet weather shrinks sugar crop
Sydney Morning Herald

Australia could see its smallest sugar crop in 20 years as a result of recent heavy rains. Rain has interrupted the Queensland harvest, forcing Queensland ...

Tuesday, 9 November 2010

Uganda is unlikely to reach its 2010 raw sugar production target of 318,000 tonnes due to disruption by cane suppliers

Uganda may not hit 2010 sugar output forecast: group
Reuters Africa

KAMPALA (Reuters) - Uganda is unlikely to reach its 2010 raw sugar production target of 318000 tonnes due to disruption by cane suppliers to the largest ...

France - Min. Ag "The beet crop will however still be down 9.5% from last year's record 35.067 mln tonnes"

French AgMin raises sugar beet crop estimate
AgraNet (subscription)

The Agriculture Ministry raised slightly its output estimate for the 2010 sugar beet crop to 31.723 mln tonnes from 31.2 mln last month, as the average ...

Indonesia - “Bad weather has caused crop failures. We may produce only 2 million tons of sugar this year, 300,000 tons less than expected,” Indonesian Sugar and Wheat Association chairman Natsir Mansur said.

National sugar output to miss target this year
Jakarta Post

“We have been urging the government to issue sugar import permits since August, when sugar prices were low, at US$530 per ton,” he said.

Fiji has ceased exporting sugar to the Pacific region including New Zealand in order to meet its export quota to the United Kingdom under preferential prices of the Economic Partnership Agreement

Fiji stops Pacific sugar sales for EPA
Fiji Broadcasting Corporation Ltd

The Corporation says with the reduced crop and the need to maximize sugar exports, the FSC after reviewing sugar production has decided to cease sugar sales ...

Monday, 8 November 2010

Russia imported 1.917 million metric tons of raw sugar in January-September, some 58.9% more than in the corresponding period last year

DJ Russia JanSep Raw Sugar Imports +59% On Year At 1.917 Mln Tons
Nov 08 2010Dow Jones Commodities News via Comtex

MOSCOW Russia imported 1.917 million metric tons of raw sugar in JanuarySeptember some 58.9% more than in ...

Australia - Canegrowers face sugar washout

North Queensland struggles to cut the cane
ABC Online

The wet has also damaged the crop, in some cases causing the sugar content in the cane stalks to drop off considerably . Greg Shannon, an extension officer ...

Sunday, 7 November 2010

India - Mills in Maharashtra have crushed just 12 lakh tonnes (lt) of cane during October, against the targeted 50.

Slow crushing in Maharashtra raises concerns over sugar output
Hindu Business Line

These are prices payable at the factory gate. “The meeting will examine various options, including going to the Court or just wait and watch. ...