Thursday, 31 March 2011

With India's sugar production set to exceed domestic demand, the government is likely to re-impose 60 per cent import duty on sugar from tomorrow.

Govt likely to slap 60 pc sugar import duty from tomorrow
PTI

New Delhi, Mar 31 - With India's sugar production set to exceed domestic demand, the government is likely to re-impose 60 per cent import duty on sugar from tomorrow. "The duty free notification lapses on today and from April 1 it automatically ...

Brazil - Sugar production is projected 34.58 million tonnes, an increase of 3.25% over the 33.49 million tons produced in 2010/2011 season.

Moagem prevista para a região Centro-Sul na safra 2011/2012 é de 568,5 milhões de toneladas

A União da Indústria de Cana-de-Açúcar (UNICA), em conjunto com o Centro de Tecnologia Canavieira (CTC), demais sindicatos e associações de produtores de etanol e açúcar da região Centro-Sul, anunciou hoje sua estimativa para a safra 2011/2012 de cana-de-açúcar. A projeção aponta para uma moagem de 568,50 milhões de toneladas, crescimento de 2,11% em relação ao total processado na última safra, que foi de 556,74 milhões de toneladas.

Russia is likely to harvest a record 35 million metric tons of sugar beet this year, 67% more than in drought-stricken 2010, the national association of sugar producers Soyuzrossakhar said Thursday.

DJ Russia's11 Sugar Beet Crop Seen At Record 35M Tons +67% On Year

MOSCOW Mar 31 2011Dow Jones Commodities News via Comtex Russia is likely to harvest a record 35 million metric tons of sugar beet this year 67% more than in ...

Brazil - Seven of the 23 sugarcane mills operating in the state started the crushing of cane sugar before the official start of the 2011/12 season in the Mid-South, next month.

Mills MS anticipate cane crushing
Correio do Estado

Seven of the 23 sugarcane mills operating in the state started the crushing of cane sugar before the official start of the 2011/12 season in the Mid-South, next month. The motivation is the lack of ethanol in stock, in dry season of record prices. ...

Supply tightness in world sugar markets this year will be less than previously expected, ABN Amro said Tuesday, cutting its forecast for a world deficit by more than half to 1.45 million metric tons of raw value.

DJ ABN Amro Cuts 2011 World Sugar Deficit 50% To 1.45 Mln Tons

... estimate for 2011 by 1.54 million tons to 163.81 million tons but kept its prediction for world sugar consumption unchanged at 165.26 million tons. ...

India - “We expect total sugar consumption to go up to 26 Mt over the next two-years“ - Sunil Kakria, Managing Director, Mawana Sugars

Mawana introduces branded sugar in Mumbai market
fnbnews.com

We expect total sugar consumption to go up to 26 Mt over the next two-years. Thus, the share of branded sugar is also likely to increase." The company unveiled six varieties of speciality sugar - Super White Sugar, Caster Sugar, Icing Sugar, ...

Wednesday, 30 March 2011

Separately on Tuesday, FO Licht analyst Stefan Uhlenbrock forecast sugar production in Brazil's key Centre South region growing to 42m tonnes in 2011-12, from 40.8m tonnes in 2010-11.

Sugar to fall - but buyers' joy may be short-lived
Agrimoney.com

Separately on Tuesday, FO Licht analyst Stefan Uhlenbrock forecast that the world's reliance on Brazil, which accounts for more than half world sugar exports, "is sure to continue growing" to meet expanding demand. He forecast sugar production in ...

Juan Cortina, president of Mexico's national sugar chamber, said the country plans to export 1.3 million tons of sugar during the current crop cycle, up 73% from 2009-2010.

Mexico Expects Record Sugar Exports To US From 2010-11 Harvest

MEXICO CITY -(Dow Jones)- Mexico's sugar exports are expected to reach a record high this season ... Almost all of Mexico's sugar exports go to the U.S. ...

Tuesday, 29 March 2011

Monday, 28 March 2011

Sugar production in Mozambique reached 281,700 tons in 2010

Sugar production in Mozambique reached 281,700 tons in 2010
macauhub

Maputo, Mozambique Mar 28 - Sugar production in Mozambique in 2010 reached 281 700 tonnes, reflecting an annual increase of 12 percent, the newspaper, Notícias, citing the Center for Promotion of Agriculture ...

Sunday, 27 March 2011

Tanzania revised down its sugar production in 2010/11 (Apr/Mar) to 308,000 tonnes from an initial estimate of 317,000, but output will still be up 18% on the year due to favourable weather conditions, said Matthew Kombe, director general of the Sugar Board of Tanzania.

Tanzania revises down 2010/11 sugar output
AgraNet

Tanzania revised down its sugar production in 2010/11 (Apr/Mar) to 308000 tonnes from an initial estimate of 317000, but output will still be up 18% on the year due to favourable weather conditions, said Matthew Kombe, director general of the Sugar ...

El Salvador - This combination of factors had an impact on this crop is to stop production at 575,000 mts of sugar, confirmed by the representative of the sugar industry.

Salvadoran Sugar Production Down 10%
www.elsalvador.com

The current harvest will yield an approximate 12.5 million quintals of sugar.

Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, confirmed Friday that it plans to import a cargo of gasoline to ensure adequate fuel supplies during a surge in domestic demand.

Brazil Petrobras Confirms Plans To Import 1.5M Bbls Gasoline In April
Wall Street Journal

The gasoline imports come as Brazil's sugar industry is between harvests, while many cane crushers are also opting to produce sugar rather than ethanol because of higher global prices for the sweetener. That has caused a surge in ethanol prices and ...

Swaziland - Output may climb to 651,000 metric tons from 582,000 tons last year, and exceed the 605,000 tons produced in 2009, Swaziland Sugar Association Chief Executive Officer Mike Matsebula said in an interview today in Nairobi, Kenya’s capital.

Swaziland Sugar Output May Rise 12% on Increased Land, Industry Group Says
Bloomberg

About 11 percent of Swaziland's foreign exchange earnings are derived from its sugar industry, which employs as much as 18 percent of the country's workforce, Matsebula said. Swaziland's 2010 sugar sales rose to 2.46 billion emalangeni ($355.1 million) ...

The European Union may allow further duty-free imports of sugar in summer, when stockpiles are usually low, as supplies in the bloc remain tight, broker C. Czarnikow Sugar Futures Ltd. said.

EU May Allow Further Duty-Free Sugar Imports, Czarnikow Says
Bloomberg

By Isis Almeida - Fri Mar 25 12:00:38 GMT 2011 The European Union may allow further duty-free imports of sugar in summer, when stockpiles are usually low, as supplies in the bloc remain tight, broker C. Czarnikow Sugar Futures Ltd. said. ...

European Union producers will be allowed to export 650,000 metric tons of so-called out-of-quota sugar in 2011-12 as part of the bloc’s regulatory efforts, according to a proposal by the European Commission.

EU Sets 2011-12 Out-Of-Quota Sugar Exports at 650000 Tons
Bloomberg

By Rudy Ruitenberg - Fri Mar 25 12:51:58 GMT 2011 European Union producers will be allowed to export 650000 metric tons of so-called out-of-quota sugar in 2011-12 as part of the bloc's regulatory efforts, according to a proposal by the European ...

Honduras "Right now quota exports to the US are 10,500 metric tons of sugar and that amount will be increased by reassigning 1,000 tons and 5,000 tons WTO as an increase in market share," said Melara.

Honduras exportará 6.000 toneladas más de azúcar a Estados Unidos ...
By Tomás Parker

Estas exportaciones adicionales del grano dulce dejarían al país unos US$25 millones en divisas, tomando en consideración que la libra del edulcorante se cotiza en 27 centavos de dólar en la bolsa de Nueva York.

Brazil - Rains expected this week over important cane producing areas in Brazil's center-south will hinder the early 2011/12 harvest, which started in March, meteorologists said on Monday.

Rains hamper start of Brazil's 11/12 cane season |
Reuters

Brazil controls over half of the world's sugar trade and is a major food producer in general, making local weather a price mover for global commodities. ...

Brazil - “2011 will be a better harvest than 2010,” Weisser, 55, said. “It’s a bit early to say how much it will be because we are still in the growing season.”

Bunge Expanding Sugar-Cane Crop After Drought, Weisser Says
Bloomberg

Its sugar and bioenergy unit, which lost $13 million in 2010, aims to boost cane crushing to 17 million tons in 2011 from 13 million tons last year. “2011 will be a better harvest than 2010,” Weisser, 55, said. “It's a bit early to say how much it will ...

Ukraine will expand the area sown with sugar beets by 12 percent this year to help satisfy domestic demand and meet a goal of exporting, said Agriculture Minister Mykola Prysyazhnyuk.

Ukraine Plans to Raise Sugar-Beet Sowing by 12% This Year
Bloomberg

By Daryna Krasnolutska and Kateryna Choursina - Tue Mar 22 16:44:00 GMT 2011 Ukraine will expand the area sown with sugar beets by 12 percent this year to help satisfy domestic demand and meet a goal of exporting, said Agriculture Minister Mykola ...

U.S. Sugar Corp. said it completed its 80th annual sugarcane harvest operations Monday, reporting a freeze-affected crop about 10 percent smaller than last season.

'Brutal' weather cuts US Sugar crop by 10%
Palm Beach Post

US Sugar's Clewiston Sugar Factory will finish grinding and processing the crop today . The company grows cane on about 150000 acres, the bulk of it in ...