Widespread rain across key cane- growing regions – up to 800mm recorded in parts of north-east Australia – has strengthened yield prospects for the incoming 2020 crush, says Rabobank in its Q1 report. Though the risk of cyclones and floods cannot be discounted.
Thailand – 2019/20 campaign ends with sugar output falling 43% to 8.27 million tonnes [Full subscriber]
The 2019/20 campaign ended recently, according to the Thai Sugar Millers Corporation. Both sugarcane production and cane sugar production fell by 43% – cane output from 130.97 million tonnes in the previous year to 74.89 million tonnes and sugar output from 14.58 million tonnes to 8.27 million.
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.
Brazil – Fall in oil price to boost 2020/21 sugar output by 3 million to 6 million tonnes [Full subscriber]
The sharp fall in global oil prices should result in higher sugar production in Brazil in the new crop that starts in April, Ricardo Mussa, the incoming chief executive officer of the world’s largest sugar producing company, Raízen, said on 9th March, reports Reuters.
Sudan – Kenana’s 2019/20 sugar output on target at 315,000 tonnes
Sudan’s key sugar producer Kenana recently announced that its 2019/20 sugar is on target to produce 315,000 tonnes as set out in the five-year plan to drive expansion through modernization of its sugar factory.
Thailand – Khonburi Sugar expects 2020/21 revenues from sugar production to drop by 25-35% [Full subscriber]
With the worst drought in Thailand in 40 years, Khonburi Sugar has acknowledged that revenue from sugar production is likely to decrease by 25-30% on the back of drop in cane production.
Russia – 2019/20 sugar output forecast at 7.7 million tonnes – exporting surplus is a challenge [Full subscriber]
The 2019/20 sugar production in Russia is forecast at 7.7 million tonnes, according to Andrei Bodin, Chairman of the Board of Soyuzrossahara.
Mauritius – Sugar output for 2019 is 331,326 tonnes [Full subscriber]
During the 2019 campaign, the factories of Alteo, Omnicane and Terra Mauricia produced a total of 331,326 tonnes of sugar, according to the Mauritius Chamber of Agriculture in its latest harvest report.
Thailand – 2019/20 sugar output to fall to 10.5 million tonnes – 9-year low [Full subscriber]
Sugar production in Thailand is expected to fall 28% to a nine-year low of 10.5 million tonnes in the current crop season as drought curtails cane supplies, according to Rangsit Hiangrat, director-general of Thai Sugar Millers Corp.
Jamaica – 2019/20 sugar output to fall by 20% [Full subscriber]
With the 2019/20 campaign underway, sugar output is projected to fall by 20% to 48,000 tonnes from 59,000 in 2018/19, according to press reports. The projected drop is even greater according to USDA forecast last May of 2018/19 output at 76,000 tonnes.
Monthly Snapshot
Market overview On 18th March, raw sugar futures on ICE hit 18-month lows to 10.83 cents per lb. While the coronavirus pandemic is having an extensive impact on the global economy, for the sugar industry, it is the plunge in […]
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