International Sugar Journal

USA – 2020-21 likely to see sugar beet sector rebounding, says CoBank [Full subscriber]

Sugar beet growers and cooperatives in the US are expected to have a stronger financial year ahead, with improved production and high prices for the 2020-2021 crop ushering in a recovery from the stressful growing season last year, according to a report from CoBank.

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Ukraine – 2020/21 campaign – sugar beet acreage down by 5%, sugar output forecast to fall by 15% [Full subscriber]

For the 2020/21 campaign, sugar beet was sown on 209,000 hectares, some 5% less than in 2019, according to the National Association of Sugar Producers Ukrtsukor.

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Brazil – 2020/21 sugar output expected to be 41 million tonnes say Job Economia [Registered]

Brazil is likely to produce 41 million tonnes of sugar in the 2020/21 campaign, according to the consultancy Job Economia, reported Reuters.

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Philippines – 2020/21 sugar imports expected to rise to 450,000 tonnes says USDA [Full subscriber]

The Philippines is likely to import 450,000 tonnes of sugar during the current 2020/21 as the production is forecast to drop to 2 million tonnes while consumption is expected to rise to 2.35 million tonnes. The country will maintain its preferential access to the US market by exporting 140,000 tonnes sugar.

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Brazil – Millers have hedged 17 million tonnes of 2020/21 sugar output [Full subscriber]

As of March 31, Brazilian mills had hedged 17 million tonnes of sugar using ICE futures contracts on the New York Stock Exchange, a large increase over the same period last year, according to Archer Consulting reported Reuters.

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Brazil – Analysts forecast 2020/21 sugar output to increase by 10 million tonnes [Full subscriber]

With the 2020/21 scheduled to commence in April, mills are expected to make a sharp switch from ethanol to sugar production as falling gasoline prices and a weak currency reduce the biofuel’s appeal, reported Reuters.

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