2022/23 sugar output is expected to drop by 23% to 1.1 million tonnes, due mainly to the current Russian invasion, according to the latest attaché report from USDA.
Cuba’s 2021-2022 sugar production reached just 52% of the goal for the season, at approximately 474,000 tonnes. That is nearly half of last year’s crop of 800,000 tonnes, which was already the worst since 1908, reported Reuters.
Following the end of the 2021/22 campaign, Sucrerie Africaine (SUCAF-CI), a subsidiary of the French group SOMDIAA, announced the production of 112,324 tonnes of sugar.
Thailand – Cane growers unlikely to benefit from high sugar prices as production costs increase [Full subscriber]
Thai cane growers will not benefit from high global sugar prices as their production costs, including fertilisers and oil, have escalated following Russia’s invasion of Ukraine, according to local press reports.
The 2022/23 sugar output is forecast at 7.2 million tonnes by USDA in its latest report. It is marginally higher than the output (7.14 million tonnes) in 2021/22. With cane production forecast at 89.5 million tonnes, this suggests sugar recovery of less than 10%.
Brazilian state-run oil company Petrobras announced hefty fuel price increases on 10th March, triggered by the rise in the crude oil price over the Ukraine crisis. This could result in a significant reduction in sugar output in 2022/23 when the new campaign commences in April.
Production at state-run sugar mills is set to hit its lowest point in over a decade as sugarcane processing has fallen sharply amid reduced supply, according to the Bangladesh Sugar and Food Industries Corporation (BSFIC).
The Cuban sugar industry is heading toward its worst season ever, reports Reuters.
AGRANA has completed the 2021|22 sugar beet campaign at all seven of its beet sugar processing plants in Austria, Hungary, the Czech Republic, Slovakia and Romania, according to the company’s press release.
Beet sugar output during the 2021/22 campaign is forecast at 1.44 million tonnes, produced from 10.6 million tonnes of sugar beet processes, according to local press reports.