Between January and November 2018, the industry milled 23 million tonnes of cane, that is, 3% percent more than in 2017, with sugar production expected to reach 2.44 million tonnes with an increase of 9% compared to a year ago, according to the Sugar Cane Growers Association of Colombia (Asocaña).
Mexico – 2018/19 sugar exports to rise as production increases and local demand drops [Full subscriber]
Mexico’s sugar exports are slated to jump over 30 percent in 2018-19 due to the combination of production surplus and reduction in domestic consumption due to health concerns, according to the US Department of Agriculture’s (USDA) latest attaché report.
Angola – Biocom forecasts sugar output of 100,000 tonnes in 2018 [Full subscriber]
Angola’s Bioenergy Company (Biocom) is predicting 2018 sugar output at 100,000 tonnes. According to Fernando Koch, the Commercial Director, the company has produced 55,000 tonnes of sugar.
Russia – 2018/19 beet sugar output likely to be between 5.5 mln and 6.3 mln tonnes [Full subscriber]
Both the Russian Sugar Producers Union (Soyuzrossakhar) and the Russian statistical office (Rosstat) forecast a reduced sugar output than the previous year of 6.62 mln tonnes. Soyuzrossakhar forecasts an output of 6 mln tonnes while Rosstat puts it at between 5.5 mln and 6.3 mln tonnes, according to local press reports.
Senegal achieves self-sufficiency in sugar production [Full subscriber]
The Senegalese Sugar Company (CSS) achieved a record production of 144,000 tonnes at the end of the campaign that has just ended, according to local press reports.
Morocco – 2017/18 sugar output forecast at 520,000 tonnes [Full subscriber]
Cosumar, the only sugar producer in Morocco, is forecasting the 2017/18 sugar output at 520,000 tonnes, comparable to 515,000 tonnes last year, according to its CEO Mohammed Fikrat. The current campaign is expected to end in August.
China – Expansion in beet and cane sugar production increases 2018/19 output [Full subscriber]
China’s sugar production in marketing year (MY) 2018/19 is forecast to rise for the third straight year, primarily due to expanded sugar beet acreage, according to the latest USDA report.
India – USDA forecasts exportable surplus of 6 million tonnes sugar for 2018/19 [Full subscriber]
India’s centrifugal sugar production in 2018/19 (Oct-Sept) is expected to rise 4.2% to a record 33.8 million tonnes raw value (mtrv), notes USDA in its latest report.
Angola – Biocom’s new build project continues to expand production of sugar, ethanol and power [Full subscriber]
Angolan bioenergy company Biocom expects a turnover of US$300 million this year from the output and sale of 100,000 tons of sugar, 20,300 cubic meters of ethanol and 110-gigawatt hours of electricity, according to local press reports.
Brazil – Millers cancel export contracts as futures hit 10-year low [Full subscriber]
With sugar futures now at the lowest level in 10 years on the New York Exchange, top sugar producers in Brazil are cancelling export contracts of at least 400,000 tonnes, according to Archer Consulting, reported Valor Economico.
Monthly Snapshot
Market overview As we head off to 2019, market fundamentals point to bearish pressure on price from surplus and build up stocks providing a restraint on price recovery. In its […]
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