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.
Ethiopia – Sugar and ethanol production on the rise on the back of sector reform [Full subscriber]
The reform in the sugar sector has helped increase both sugar and ethanol output, according to Gashaw Ayichluhim, Corporate Communication Executive Officer, Ethiopian Sugar Corporation, reported The Ethiopian Herald.
Russia – 2020 sugar output forecast to decline by over 1 million tonnes [Full subscriber]
Russia’s sugar production is expected to decline to 5.8-6.4 million tonnes this year, from 7.8 million tonnes in 2019, the Interfax news agency reported, citing an estimate by IKAR agriculture consultancy.
Australia – Rabobank forecasts 2020 sugar output at 4.2 million tonnes [Full subscriber]
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.
Monthly Snapshot
Market Analysis Raw sugar fell back below 16 cents on the New York futures market, closing on 19th March at 15.89 cents per pound from 16.13 cents on 12th March. […]
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