International Sugar Journal

Copersucar – 2019/20 saw sales increase by 5% but net profit drop by 33% [Full subscriber]

Brazilian sugar and ethanol merchant Copersucar posted a consolidated net profit of BRL119 million (US$21.7 million) in the 2019/20 campaign (April to March) – a 33% drop compared to the previous season. However, total sales were up 5% to BRL30.1 billion (US$5.48 billion).

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USA – 2019-20 sugar output forecast to drop by over half a million tonnes [Full subscriber]

In recent weeks, prospects for US sugar production have declined significantly due to adverse weather in both sugar beet and sugarcane regions. The US Department of Agriculture (USDA), in its Nov. 8 World Agricultural Supply and Demand Estimates report has projected a significant decline in 2019-20 sugar output with stocks-to-use ratio forecast to drop to dangerously low 10.5%.

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