Market - News
EU Allows Sugar Producers to Sell More to Ease Bloc Shortage
The European Union has authorized sugar producers to sell more in the domestic market and accepted bids to import the sweetener to ease shortages in the bloc, Bloomberg reported.
Africa's Tongaat expects yearly earnings to rise
South Africa's Tongaat Hulett said on Thursday it expected headlines earnings per share for the year to rise more than 14 percent, lifted in part by increased sugar production.
US and Mexico discuss ethanol deal to cut sugar surplus
The Mexican and the US government are discussing a program that would reduce the sugar surplus in North America by selling Mexican sugar to the United States for ethanol production
UK used 965 million liters of Renewable Fuel
The UK Department of Transport has released figures showing the UK's use of renewable fuel between April 2012 and January, the Bioenergy Site reported.
Sugar falls after Brazil triples sugar production
Futures closed lower and made new lows for the move on reports of big production in April from Brazil.
Suedzucker sees no consequences from EU antitrust search
Germany-based Suedzucker , Europe's largest sugar company, said it did not expect any consequences from a recent search of its premises by European antitrust investigators.
Sugar Falls to 2010-Low on Brazil, Thailand Output
Sugar fell to the lowest level since 2010 in New York as cane processing surged in leading producer Brazil and in Thailand, the world’s second-largest exporter. Cocoa retreated and arabica coffee advanced.
With major investments, Thailand attracts Brazilian sugarcane industry
Thailand, the second largest sugar exporter in the world, plans to build 14 new plants by 2017, adding to the current 47 sugarcane plants.
Illovo Sugar hits record
Illovo Sugar Ltd., Africa’s largest sugar producer, increased to a record due to a recovery in output after a drought. The shares jumped as much as 5.4 percent, the most since April 23, Bloomberg reported.
Sugar touches fresh 34-month low on Brazil harvest progress
Raw sugar futures hit a fresh 34-month low on Tuesday, extending the previous session's losses, as industry data showed sugar production in Brazil surged last month and the pace of the top producer's bumper harvest picked up, dealers said.
Honduras: Sugar exports will generate $ 100 million dolars
According to Honduras sugar producer, Mateo Yibrín, around three million quintals of sugar and molasses will be exported to the United States, generating 100 million dollars in foreign exchange.
Expectation of higher physical demand held sugar market steady on Tuesday.
Sugar prices in the futures market were range-bound after rising by Rs 80-90 last week.
Brazil's sugar output surged in late April -Unica
Sugar production in Brazil's main cane belt surged in April, outpacing last year's early harvest by 210 percent, as rains cleared in the middle of last month to allow crushing of the record crop to accelerate, industry association Unica said on Monday.
Tanzanian sugar producers to benefit from EU funds
The EU has pledged around US$8 million (€6.16m) to assist Tanzanian sugar exporters in complying with EU standards.
Indicators
Commercial Dollar
Date
14/05
Sale
2.0070
Sao Paulo Special Crystal Sugar
(ESALQ/BMF) U$/bag
(ESALQ/BMF) U$/bag
Date
13/05
Price R$
45.0200
Hydrated Ethanol Fuel
Date
13/05
Price R$
1.1070
Sugar Cane ATR – Consecana
Date
01/05
Price R$
0.4470
