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The deepening political crisis in Brazil which is compounded by poor economic data has pushed down the Real to a new 12 year low against the US-dollar. Since the start of the year the currency has lost almost a third of its value and over 50% over a span of 24...

Malaysia - MSM to invest $259 mln in sugar refinery

MSM Malaysia Holdings Bhd (MSM) will invest $259 mln for the construction of Malaysia's largest sugar refinery in Tanjung Langsat, Johor, according to local press reports. MSM President and Group Chief Executiv...

Ukraine - Beet sugar output seen down at 1.1-1.2 mln t

Ukraine's beet sugar output is likely to fall to 1.1-1.2 mln tonnes, white value, in 2015/16 from last year's 2.1 mln due to drought, said Nikolai Yarchuk, chairman of the national sugar producers union (Ukrtsu...

Russia - Soyuzrossakhar raises sugar production forecast

The Russian Sugar Producers Union (Soyuzrossakhar) said it has re-evaluated the sugar beet sugar production outlook for the 2015/16 season, now estimating this year's output at 4.75-4.85 mln tonnes, white value...

Brazil - Datagro raises sugar production outlook to 31.4 mln t

Sugar mills in Brazil's Centre/South sugarcane region will produce 31.4 mln tonnes of sugar, tel quel, in the current 2015/16 season, up from a previous forecast for 30.7 mln in July but below 32.0 mln a year a...

Brazil - Dry weather aids crushing in H1 August 2015 - Unica

Sugar mills in Brazil's Centre/South sugarcane region crushed 47.409 mln tonnes of cane in the first half of August, which was below the record 49.44 mln in the second half of July but it was 5.7% above the 44....

Germany - WVZ sees 2015/16 sugar output down at 3.2 mln t

The German Sugar Industry Association (WVZ) said in its first forecast for the 2015/16 season that sugar output is likely to fall to 3,210,333 tonnes, white value. Beets have been sown on approximately 289,00...

The state-run Ethiopian Sugar Corporation prepares to buy 75,000 tonnes of white cane sugar this year despite earlier plans to reach 100% self-suffici...

Brazil - Sugar exports slip in August

According to preliminary figures, sugar exports in August 2015 amounted to 1.841 mln tonnes, raw value, down from 2.386 mln in July and also below the...

Russia - Sugar campaign report - August 31, 2015

Sugar production in 2015/16 in the period ended August 31 amounted to 420,000 tonnes, white value, compared with 382,000 produced in the same period a...

Brazil - Growth in bioelectricity slows

Cane industry group Unica said Brazil's sugar sector will meet around 24% of the expected power demand increases in the years to 2018. Bioelectricity...

Kenya - Government to write off $337 mln debt to spur sugar privatisation

Kenya will write off the debts owed to three sugar companies that are under receivership, and convert those of two others into equity loans. Private i...

Brazil - BNDES clears financing for ethanol stocking amid strong demand

State-owned development bank BNDES said it will offer up to BRL2 bln ($1=BRL3.60) in loans to help sugar millers build up ethanol stocks and ease pric...

Kenya - Alteo takes majority stake in Transmara sugar mill

Mauritian sugar producer Alteo has acquired a 51% stake in Kenya's Transmara cane mill. Following the transaction Alteo plans to increase the crushing...

 

United Kingdom - Sale of sugar trader Napier Brown to Tereos finalised

The Real Good Food Company has completed the disposal of its sugar business Napier Brown to Tereos, and announced it received a further GBP3.4 mln ($1=GBP0.65) ...

United States - USDA announces cane and beet sugar reassignments

The US Department of Agriculture’s (USDA) Commodity Credit Corporation (CCC) announced a reassignment of projected fiscal year 2015 (Oct/Sep) surplus cane sugar...

India - Area under sugarcane slightly higher

India farmers have so far cultivated summer-sown crops on 96.78 mln ha, up 1.1% from year-ago levels after good rainfall. The area under sugarcane rose to 4.88 ...

European Union - Preferential EPA/EBA sugar imports - August 21, 2015

The European Union awarded 23,732 tonnes of import licences to countries pursuant the EPA/EBA agreements in the week to August 21, up from 8,627 tonnes a week e...

International - 2015 El Niño could be strongest on record - WMO

The current El Niño weather phenomenon is expected to strengthen before the end of the year and to peak between October and January, the World Meteorological Or...

Ukraine - Cabinet supports scrapping of sugar price regulation

The Cabinet of Ministers of Ukraine has approved the initiative of the Agricultural Policy and Food Ministry to cancel minimum prices of sugar and sugar beet in...

United States - J&J sells Splenda sugar substitute to Heartland Food

Johnson & Johnson said it was selling its Splenda sugar substitute to privately-held Heartland Food Products Group in order to focus on other consumer brands.