There will be a shortfall of some 30% from the planned target of 1.2 million tonnes raw sugar at the close of 2020/21 harvest, according to Jose Carlos Santos Ferrer, first vice president of state sugar monopoly AZCUBA speaking to the state Cuban News Agency, reported Reuters.
Turkey – Sugar production forecast to remain unchanged at 2.75 million tonnes in 2021/21 [Full subscriber]
Sugar beet production and acreage are forecast at 19.5 million tonnes and 320,000 hectares in 2021/22, assuming favourable growing conditions in line with last year under the production quota, according to USDA’s latest attaché report.
Egypt close to self-sufficiency in sugar production [Full subscriber]
Egypt is likely to become self-sufficient in sugar production by 2022 according to the Minister of Supply and Internal Trade Ali El Moselhy.
EU – 2020/21 sugar production falls by 11% to 14.5 million tonnes [Full subscriber]
Sugar production during the 2020/21 campaign fell by 11% to 14.5 million tonnes compared with the previous year, weighed down by the catastrophic decline (by 34%) in yield in France, the top producer in the bloc, according to the European Commission’s Observatory Sugar Market report.
Cuba – 2021 sugar output forecast to drop by 25% to under 1 million tonnes [Full subscriber]
The 2021 sugar production could be around 900,000 tonnes, a 25% drop, according to state media reports Reuters.
Mauritius – 2020 sugar production drops by 18% due to drought [Full subscriber]
Sugar output at the end of the 2020 campaign fell by 18.3% from the previous year to 270,523 tonnes, according to the Mauritius Chamber of Agriculture.
Cambodia – Sugar production increases to 102,000 tonnes [Full subscriber]
During this year’s campaign the country’s Phnom Penh Sugar Co (PPSC), boasting a modern sugar factory amidst the cane plantation in its southwestern provinces (Kampong Speu, Koh Kong), produced 102,000 tonnes sugar, according to Khmer times.
India – 2020/21 sugar output likely to be 2 million tonnes less from cane diversion to ethanol production [Full subscriber]
With the 2020-21 sugarcane crushing season underway, the sugar industry is betting on sugar output declining by 2 million tonnes at the expense of ethanol production, according to local press reports.
Pakistan – PSMA agrees to electronic surveillance of sugar production lines [Full subscriber]
In order to introduce transparency in the sugar sector, the Federal Board of Revenue (FBR) recently signed a memorandum of understanding (MoU) with Pakistan Sugar Mills Association (PSMA) to operationalize Video Analytics Rules, 2020, that will effectively monitor output via an electronic device.
Brazil – 2020/21 sugar output to exceed 39 million tonnes says Conab [Full subscriber]
Brazil’s total sugar production in the 2020-21 season (April-March) is expected to grow 32% and reach a record 39.33 million tonnes as mills allocate more cane to sugar production and less to ethanol, according to a press release from the government’s food supply agency Conab.
Monthly Snapshot
Market Overview October raw sugar futures in New York closed at 17.67 cents per lb on 21st July. March futures rose to 18.09 cents per pound. White sugar futures in […]
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