3/2/14 Macquarie estimates Sugar production costs in Asia Pacific, Australia and South Africa at 16 cents a pound or more; in Thailand and Central America at at least 18 cents a pound; in Brazil at 17-19 cents a pound; and in the European Union and India at 20-22 cents a pound.
Total spending on Sugar is less than 0.2% of global gross domestic product, according Morgan Stanley (10/7/09)
7/1/2021 ICE is still charging for sugar quotes :((((((
7/23/2021 Sugar production in the key Center-South Brazil region is expected to total 2.951 million mt in the first half of July, down 2.6% year on year, an S&P Global Platts survey of 10 analysts showed July 21.
Of the analysts surveyed, the cane crush estimate ranged from 42.3 million mt to 47.7 million mt. The average estimate was for a total cane crush of 45.2 million mt, a 3.3% drop year on year.
7/14/2021 Barrons: Investors might want sweeten their portfolios with a touch of sugar this summer, as prices for the commodity look set to continue rallying. A combination of existing crop damage, likely inclement weather in key growing areas, and robust oil prices could lift sugar prices.
7/14/2021 BP Bunge Bioenergia sees Brazil’s Center-South sugar output falling to 34 million tons in the current season, versus the maximum of 35.5 million tons millers would produce if they channeled all capacity into making the sweetener.
9/22/2020 FAS/Canberra’s sugar cane production estimate for Australia is revised down for MY 2020/21 to 31 MMT, from 32 MMT previously, as dry conditions had a greater impact than first considered on production volumes. In addition to lower-than-expected sugar cane production, sugar content of the cane this season is down due to a mild winter. This has resulted in a downward revision of sugar production for MY 2020/21 to 4.3 MMT. If realized this would be nearly the same as MY 2019/20. Australia’s sugar exports are also revised lower to 3.4 MMT in MY 2020/21, down from 3.6 MMT in MY 2019/20.
5/10/17 Platts Kingsman forecast 6.6% increase in 2017/18 world sugar surplus
12/19/16 The USDA's projected 2016/17 world sugar stocks-to-use ratio of 17.7% would be the lowest in more than 20 years ...
11/30/14 The USDA forecasts a drop of 1.41m tonnes in global sugar inventories in 2014-15 – a decline which would be the first since 2009-10.
3/2/14 Macquarie estimates Sugar production costs in Asia Pacific, Australia and South Africa at 16 cents a pound or more; in Thailand and Central America at at least 18 cents a pound; in Brazil at 17-19 cents a pound; and in the European Union and India at 20-22 cents a pound.
3/2/14 Lower Sugar output in Brazil and India, the second-biggest producer, may spur the first global deficit in five years, F.O. Licht said.
12/2/13 Sugar prices are heading for a third annual drop, with supplies exceeding demand by 4.73 million metric tons in the 12 months started Oct. 1, according to the London-based International Sugar Organization
9/7/12 Kingsman cuts Sugar surplus forecast to 6.7 million
9/18/11 Ships waiting to load sugar at Brazil’s main ports were less than half those lined up a year earlier as the nation harvests the smallest crop in four years, Cosan SA Industria & Comercio SA’s logistics arm said.
7/26/11 The price of crystal sugar in Brazil, the world's largest producer, climbed 20% this month as supplies remain limited, according to Cepea.
7/15/11 Unica, Brazils cane industry association, lowered its forecast for sugar output from the key centre-south region from an original estimate of 34.6m tonnes to just 32.4m tonnes now – down 3.3 % YoYr and the first drop in Brazilian production in more than five years.
6/19/11 The US Senate killed the ethanol tax credit in a vote of 73 to 27. These same clowns voted less than one month ago to preserve billions of dollars in taxpayer handouts to the oil industry. This Senate action won’t result in a bill, since the House has to initiate tax legislation.
(Current subsidies for the oil industry total up to $280 billion annually, representing up to $2 per gallon of gasoline)
2/20/11 (Bloomberg) India, the biggest sugar user, may permit exports of 500,000 metric tons as output tops demand for the first time in three years.
1//13/11 China’s sugar imports will probably rise to the highest in 16 years after drought and frost in the country’s main growing region curbed domestic production, according to a report from Sucden.
(Bloomberg) -- Sugar-cane crushing in Brazil’s main producing region probably will fail to rise in the coming 2011-12 season for the first time since 2000, according to Sucden, the trading arm of Sucres et Denrees SA.
(Bloomberg) -- A global sugar shortage will be exacerbated this year as cold weather in China and flooding in Australia cuts harvests, likely fueling a rally in prices from the highest level in 30 years, according to Kingsman SA.
12/17/10 U.S. Sugar Corp. said five nights of freezing Florida weather in the past 10 days “severely damaged” a cane crop.
Bloomberg) -- Sugar production in Australia, the third-largest exporter, may plunge to the lowest in almost two decades as wet weather forces producers to leave some cane unharvested this season.
11/26/10 Portugal has, in the face of a squeeze on raw sugar supplies, urged the European Union to relax its import regime, warning that the region has overestimated available supplies of the sweetener.
(Bloomberg) -- Global sugar supplies may fall short of demand next year as Brazil, the world’s largest exporter of the sweetener, razes and replants enough farmland to cover the state of Connecticut.
11/3/10 The Economic Times reported that India may resume sugar exports next month and the government is expected to accelerate applications from mills for shipment of about 500,000 metric tons
11/1/2010 About 2.5 % of Thailand’s cane-growing area has been damaged in the country’s worst flooding in five decades, said the secretary-general of the Office of the Cane and Sugar Board.
India's sugar output is expected to jump by nearly a half in the new 2010-2011 season from October, with a bigger cane crop and improved yields after late rains, the chief of Sucden India said.
10/25/10 Czarnikow expects Sugar consumption to rise 50% over next 20 years
10/13/10 The Environmental Protection Agency may allow ethanol levels in gasoline blends to be as high as 15%, up from the current 10%
EPA's approval of an increase of ethanol levels in gasoline for model-year 2007 cars and newer fails to extend rally. The increase was expected..
Brazil will harvest 3.2% less sugar cane than previously estimated in the year that began May 1, the U.S. Department of Agriculture said.
9/29/10 India’s sugar surplus may increase by as much as 50 percent in the year starting Oct. 1, the National Federation of Cooperative Sugar Factories Ltd. said yesterday.
9/2/10 Brazilian mills will produce 38.2 million metric tons of sugar this year, less than the 38.7 million tons estimated on April 29, Conab said.
Sugar beet tests in Russia showed levels at 16.6%, 1 point higher than last year, but beet weights one-third lower at 292 grams.
The sugar content of the French beet crop is currently at 15.8%, down from 17% in August.
8/27/10 Czarnikow: Our latest analysis indicates that the increase in global production will now not be enough to build a surplus across markets in the coming year. This means that the 10/11 balance sheet is more likely to be in equilibrium than surplus and that stock levels will remain fragile.
Sugar prices gained on concern that dry weather will lower production in Brazil
Unica said in its second crop estimate for the season that the sugar crush volume is 4.3% below its previous estimate in April of 595.9 million tons.The estimate, however, is 5.2% above the 542 million tons crushed in the last crop season.
8/23/10 Sugar production in South Africa, the biggest producer on the continent, may fall to the lowest in 15 years because of a drought this season, Trix Trikam, executive director of the South African Sugar Association, said.
8/20/10 (FT)The US Department of Agriculture on Thursday relaxed regulations on sugar import quotas, citing “increased tightness in the US raw sugar market”. The government agency predicts US sugar inventories will next year fall to the lowest in at least 40 years while the International Sugar Organisation expects this year to see the lowest global stocks of the sweetener in 20 years.
Last weekend, U.S. District Court Judge Jeffrey White ruled against the planting of sugar beets, using genetically modified seeds.
7/15/10 G/Agro said Brazil’s’ main center-south is expected to crush 588 million metric tons of cane in the ongoing 2010-11 crop season. This compares to the earlier estimate in March of 595 million MT.
7/14/10 Sugar exports from Thailand, the world’s second-biggest shipper, may plunge 20 percent next year as delayed rain lowers yields and increasing domestic consumption slashes export availability, an official body said.
7/9/10 The USDA's U.S. 2010-2011 ending stocks estimate for:
Sugar was raised from 764,000 to 952,000 tons.
(Reuters) - Thailand, the world's No. 2 sugar exporter, will tender to buy sugar for the first time next week in a bid to tackle a domestic shortage.
The tender on Tuesday will be for the purchase of 100,000 tonnes of white sugar with options of three delivery periods.
Although Thailand's output typically exceeds consumption by around 4-5 million tonnes, some dealers said many trade houses had committed export sales before the new crop in November .
India may export at least 1 million metric tons in the year starting Oct. 1, as domestic production jumps 34 percent, said Shree Renuka Sugars Ltd., the country’s biggest refiner.
7/7/10 (Bloomberg) Sugar rose in New York on speculation India, the world’s second-biggest grower, will keep supplies from the world market to meet domestic demand.
7/2/10 Sugar prices may rise 30 percent this year on increasing demand, low yields and transportation delays for sugar-cane crops in Brazil, said Copersucar SA, a Brazilian cooperative that sells more sugar overseas than Thailand.
7/1/10 Thailand's government plans to buy back sugar from traders to meet rising local consumption, an industry group said.
6/23/10 F.O. Licht raised 2009/10 world sugar production by 0.7% to 155 million MT on higher output from Brazil and India. This is up from a February prediction of 153.9 million MT.
6/10/10 The USDA's 2010-2011 U.S. ending stocks estimate for:
Sugar was lowered from 844,000 to 764,000 short tons.
6/2/10 India, the world’s second-largest sugar producer, may allow mills to export 967,000 metric tons of white sugar.
5/28/10 (Bloomberg) -- The global refined sugar market will stay in deficit this year, with import demand exceeding available exports by 1 million metric tons, even as raw-sugar production expands, said Kingsman SA.
The global sugar market may have a surplus of 2.5 million tons in the year beginning Oct. 1, compared with a deficit of 8.5 million tons this year, the International Sugar Organization said May 14. Excess supply in 2010-2011 may be 6 million tons, Sucres et Denrees SA said April 30.
4/29/10 Brazil's Ag Ministry, predicted that sugar production will be up 17% in 2010-2011
4/9/10 The USDA's 2009-2010 U.S. ending stocks estimate of:
Sugar was increased from 1.075 to 1.218 million tons.
3/7/10 The U.S. Department of Agriculture should permit importation of an extra one million tons of raw sugar because domestic stocks are in danger of running out, said John Sheptor, chief executive of Imperial Sugar Company.
2/16/10 World 2009-10 sugar production is expected to fall 14.8 million metric tons short of demand, sugar merchant Czarnikow said Tuesday. This is wider than the firm's November estimate of a deficit of 13.5 million tons.
2/9/10 The USDA estimates 2009-2010 U.S. ending stocks for:
Sugar was reduced from 1.140 to 1.055 million tons.
Brazilian ethanol mills are reaching out to chemical companies to develop plastics and other products in a bid to diversify. The mills harvest sugar cane and crush it into sugar or ethanol, but the operators are now looking to earn new revenue by sourcing ethanol as a raw material.
Thailand will likely produce 6.62 million metric tons of sugar this crop year, down 7.9%, Office of Cane & Sugar Board Secretary General Prasert Tapaneeyangkul said Wednesday.
2/8/10 Kingsman increased its estimate of the 2009-2010 world sugar production deficit from 8.3 to 11.9 million tons.
2/3/10 Thailand's sugar production in the crop year to Jan. 31 rose 6.8%, but lower yields are offsetting the increased amount of cane being crushed
2/2/10 (Bloomberg) -- Raw sugar prices probably will decline from a 29-year high this year as a “huge increase” in production driven mainly by Brazil may balance the market, according to German research company F.O. Licht.
Global sugar production will trail demand by 8 million metric tons, more than forecast, F.O. Licht said.
2/1/10 Shell plans $1.63B investment in Brazilian ethanol.
2/1/10 Global demand for sugar will exceed supply by 13.5 million tons this season, according to broker Czarnikow Group Ltd.
1/26/10 Indonesia's state plantation company PT Perkebunan Nusantara IX has bought 46,000 metric tons of white sugar at $822/ton -- to arrive no later than April 7.
1/25/10 Sugar rose above 30 cents a pound in intraday trading on news that Indonesia is expecting a 530,976-metric-ton production shortfall at the end of April.
1/22/10 US sugar says 50% of its remaining FL cane is badly freeze damaged.
1/20/10Indonesia has only
just enough sugar stocks to last until mid-February, the trade minister said
1/19/10 India may have to buy at least 7 million tons this season, with white sugar making up about a third of the total, Macquarie Group Ltd. said in a report this month.
1/12/10 Pakistan will scrap taxes on the import of 700,000 tonnes of white sugar through the private sector to meet shortages and keep prices in check, Ministry of Industries officials said on Wednesday.
The Philippines is planning to import up to 150,000 tons of refined sugar to cover increasing demand amid a shortfall in domestic production, a regulatory official said Wednesday.
1/12/10 The USDA's 2009-2010 U.S. ending stocks estimate of:
Sugar was raised from 1.016 to 1.140 million tons.
12/24/09 Whites have been particularly strong with news earlier this week that Indonesia would be seeking more than 400,000 tonnes in early January.
The International Sugar Organization said sugar consumption is expected to outstrip supply by 7.2 million metric tons in the current 2009-10 season.
12/17/09 India's sugar production in the first two months of the marketing year that began Oct. 1 fell 9.6% YoY due to lower recovery from cane.
12/16/09 Brazil estimates 2009-2010 production of 34.6 million tons of sugar and 25.8 billion liters of ethanol from 612 million tons of cane.
12/15/09 Czarnikow in late November forecast a 2009/10 global sugar deficit of 13.5 million tonnes, versus a deficit of 15.8 million tonnes in 2008/09.
The China Sugar Association has estimated that sugar output for the 2009-10 crop year, starting Oct. 1, will fall to 12 million tons from the previous year's 12.43 million tons.
12/14/09 Sugar crushing in Brazil's centre-south cane hub in the second half of November totalled 25.4 million tonnes, down 16 % YoY, according to the Sugar Cane Industry Association, Unica. The fall was due to the impact of persistent wet weather.
Brazil said its sugar production in 2009-10 was likely to drop to 34m tonnes, down from an official forecast of 36.7m tonnes in September.
12/10/09 Unica pegged Brazil's center-south sugarcane crush at 538.2 million tons for the 2009-10 crop compared to its previous estimate of 529.5 million tons
Uttar Pradesh is asking the central government to lift its restriction on raw sugar from Brazil amid severe shortages and rising prices.
12/9/09 Sugar output in Brazil’s Center South is estimated at 28.9 million metric tons, down from November’s projection of 29.3 million tons.
12/1/09 BNP Paribas Fortis forecasts world sugar demand to grow by 1% in 2009 versus the average rate of 2.66% a year over the past decade
11/24/09 The International Sugar Organization is predicting world sugar production will exceed consumption by 0.75 million tons in 2010-2011. The 2009-2010 production deficit is forecast at 7.2 million tons.
11/20/09 China's sugar imports in October rose sharply to 56,882metric tons, the General Administration of Customs said Monday. Last October, the country imported 13,911 tons of sugar. In the January-October period, sugar imports rose 42% to 1.01 million tons,Customs said.
11/16/09 White sugar tenders for the expired December futures contract were 5,520 lots, with Louis Dreyfus taking delivery of all the contracts.
11/10/09 USDA's 2009-2010 U.S. ending stocks estimate of:
Sugar was raised from 836,000 to 1,016,000 tons.
China's refined sugar production in October fell 17%. For the January-October period refined sugar output fell 13% YoY.
10/28/09 The U.S. will need to import as much as 1.2 million tons more sugar than the U.S. Department of Agriculture now plans on allowing into the country in fiscal year 2010, according to the Sweetener Users Association
10/27/09 India will extend the deadline for duty-free imports of the raw sugar by nine months to Dec. 31 2010
10/21/09 YoY China's refined sugar production in September fell 57% to 14,000 metric tons, the National Bureau of Statistics said Thursday. From January to September, sugar output fell 13% YoY.
10/20/09 The global sugar deficit of 8.3 million metric tons in the 2009-10 period should reverse to a surplus in the 2010-11 period, said the general director of Kingsman, a Lausanne, Switzerland-based consultancy.
Sugar content in cane has fallen to 5-6 percent from the usual 9 percent level in Uttar Pradesh, India's top producing state of the sweetener, according to a PTI story
India's sugar production is expected to rise to 18 million metric tons (prev. 16-17) in 2009-10, according to an Indian government official inBrazil.
Mexico's new 2009-10 sugar harvest is forecast to produce 5,168,188 metric tons, up 4.1% of semi-refined standard sugar, the National CaneSugar Growers Union said Tuesday.
10/19/09 Czarnikow said supplies from Brazil’s centre-south region, the main sugar cane growing area, would be exhausted before the end of December if exports continued at their current rate.
10/14/09World sugar output is forecast to increase to 156.9 million tonnes in 2009/10 from 150.0 million in 2008/09, German analyst F.O. Licht said in its first forecast for sugar production in the new crop year. "As sugarcane needs 12 to 18 months to mature, the cane that has been planted in response to this year's price surge will only be ready for harvesting for the 2010/11 crush." F.O. Licht said.
10/9/09 The USDA's 2009-2010 U.S. ending stocks estimate of:
Sugar was lowered from 844,000 to 836,000 tons.
10/5/09 FCStone to raise its estimate for a global sugar shortfall in the year ended September to 8 million tons, from 6.1 million tons previously.
Sugar production in India'sKarnataka state is expected to decline for a second year due to flooding
9/30/09 Barclays Capital expects world Sugar use to outpace production by 8.1 million tons in 2009-2010
9/25/09 The global sugar deficit in the year starting October 1 may be 8.3 million tons, compared with a June estimate of 5.1 million tons, Switzerland-based sugar broker Kingsman SA said.
9/24/09 India will extend authorization to import duty-free white sugar until the middle of next year to fill the supply gap.
Brazil's center-south 2009/10 sugar output should fall 600,000 tonnes from July's estimate as excess rains have reduced expected cane yields, Job Economia analysts said Wednesday.
Brazil's 2009-10 center-south sugar cane crush is projected at 529.5 millionmetric tons, down from an April estimate of 550 million tons, the SugarcaneIndustries Association, or Unica, said Thursday.
9/21/09 From January to August 2009 China imported 909,029 tons of sugar
From January to August 2008 China imported 645,556 tons of Sugar
9/1/09 India may remove the limit of 1 million metric tons onwhite sugar imports to improve supply
Pakistan bought 75,000 tons of white sugar from Dubai for $638 a ton, including freight costs
8/28/09 (Bloomberg) -- Sugar-cane output in Brazil is declining after rains this month in parts of the Center South, the world’s biggest producing region, were at their most severe in more than six decades, miller Maurilio Biagi Filho said.
8/26/09 Macquarie estimates Brazilian 2009-10 sugar production at 30.3 million metrictons, down from its previous expectation of between 32 million tons and 33million tons. India's 2009-10 sugar production estimate was revised down to 16million tons from the previous estimate of 17.5 million tons.
8/23/09 China's sugar imports in July rose to 132,982 metric tons from 21,910 tons last July.
8/19/09 (Bloomberg) -- Pakistan, Asia’s third-largest user of sugar, needs to import as much as 1 million metric tons by December to meet a shortfall in domestic supplies, a trade body head said.
8/16/09 (Bloomberg) Next year’s ratio of stocks-to-use, which the USDA forecast at 6.7 percent, would be the lowest since 1949, according to department data
8/12/09 The USDA's 2009-2010 U.S. ending stocks estimate for:
Corn was raised from 1.550 to 1.621 billion bushels.
Soybeans lowered from 250 to 210 million bushels.
Wheat was raised from 706 to 743 million bushels.
Sugar was reaised from 359,000 to 709,000 tons.
Cotton unchanged at 5.60 million bales.
The USDA's 2009-2010 world ending stocks estimate for:
Corn was raised from 139 to 141 million tons.
Soybeans lowered from 52 to 50 million tons.
Wheat was raised from 181 to 184 million tons.
Cotton was lowered from 58 to 57 million bales.
8/10/09 (Bloomberg) -- White sugar rose to a record in London as India, the world’s biggest consumer and second-largest producer, cut its forecast for monsoon rain, potentially worsening a global supply shortfall.
Sugar supplies may not be enough to meet demand, and stocks at the end of the current crop year are seen at around 20 million tonnes, well below other analysts' estimates of 30-70 million tonnes, Czarnikow said.
Egypt lifts import duty on raw and refined sugar from Aug. 15 until end of year to reduce consumer prices.
7/29/09 Egypt removed duties from imported sugar to help stabilize the price
India is expected to import up to 5 million tonnes of sugar in 2009/10 Sucden said.
7/15/09 YoY Russian 2009/10 sugar output is set to fall below 2.9 million tonnes from 3.5
7/10/09 The USDA's 2009-2010 U.S. ending stocks estimate for:
Sugar was lowered from 459,000 to 359,000 tons.
7/2/09 India is expected to produce 15 million tonnes of sugar in the year to September, down 43% YoY. Demand for the world's top consumer and biggest producer after Brazil, was expected to be 22.5 million tonnes in 2008/09.
6/25/09 F.O. Licht has cut its forecast for world sugar production in 2008/09 to 149.3 million tonnes, raw value, from a previous projection of 156.3 million and the prior season's 168.9 million, the analyst said on Thursday.
6/23/09 China's sugar imports in May rose 26% on year to 141,457 metric tons, the General Administration of Customs said.
India’s sugar output is forecast to drop about 45% to 14.7 million tonnes in the crop year to September.
6/10/09 USDA’s 2009-2010 U.S. ending stocks estimates:
Sugar was raised from 289,000 to 459,000 tons.
5/25/09 India's Farm Minister said the federal government may extend the deadline for duty-free raw sugar imports beyond July 31. India's sugar output has fallen to 14.7 million tons in the year ending September from 26.3 million tons a year earlier.
5/22/09 The USDA expects world sugar ending stocks at 19% of annual use, making it the lowest stocks to use ratio in 16 years.
A report on ethanol predicted world demand for ethanol will rise 9.3% per year for five years.
5/15/09 The International Sugar Organization expects a 2009-2010, world production deficit of 4.75 million tons.
5/12/09 5/12/09 The USDA estimates 2009-2010 U.S. ending stocks of:
Sugar at 289,000 tons, down from 1.192 million tons in 2008-2009.
5/6/09 The USDA estimates that Brazil will produce 36.85 million metric tons of sugar in 2009-2010, up from 32.4 mmt YoY.
(Bloomberg) -- Global sugar demand will exceed output by 7.8 million metric tons in the current year, almost double the previous estimate, as farmers harvest smaller cane crops in Asia, the International Sugar Organization said.
The USDA estimates that Brazil will produce 28.45 billion liters of ethanol in 2009-2010, up from 26.85 billion liters YoY.
5/1/2009 Czarnikow said India’s Sugar output will be 14.7 million metric tons in the 12 months ending Sept. 30, down from a February forecast of 17 million tons. Sucden said that global demand will exceed production by 9 million metric tons.
4/17/09 The Environmental Protection Agency is considering increasing the ethanol blend in gasoline from 10% to 15%.
4/13/09 India ended its 60% import duty on sugar in an effort to relieve a shortage at home.
4/9/09 The USDA's 2008-2009 U.S. ending stocks estimate for
Sugar was increased from 981,000 to 1.29 million tons.
3/11/09 The USDA's 2008-2009 U.S. ending stocks estimate for:
Sugar was reduced from 1.066 to .981 million tons.
2/26/09 PepsiCo has announced it will be introducing a new line of ‘pure sugar’ soft drinks in late April.
2/25/09 Czarnikow increased its estimate of the 2008-2009 world sugar production deficit from 5.8 to 10.4 million tons.
2/10/09 The USDA estimates U.S. 2008-2009 ending stocks of:
Sugar was reduced from 1.072 to 1.066 million tons.
2/4/2009 Bloomberg reported that India, the biggest maker of sugar after Brazil, produced 9.5 million metric tons in the four months through January, down 20% YoY as farmers harvested less cane
2/3/09 India announced approval for duty free imports of raw sugar.
1/11/09 1/11/09 The USDA's 2008-2009 ending stocks estimate for:
Sugar was increased from 961,000 to 1,072,000 tons.
12/11/2008 The USDA's 2008-2009 U.S. ending stocks estimate for:
Sugar was raised from 907,000 to 961,000 tons.
11/19/08 The USDA said that world ending stocks of sugar will be 24% in 2008-2009
10/31/08 F.O. Licht estimates world sugar consumption up 1.8% in 2008-2009 outpacing production by 472,300 tons.
9/14/08 Europe's cocoa grind fell 0.7% QoQ. YoY it is up 2%.
9/12/08 The USDA's U.S. 2008-2009 ending stocks estimate for:
Sugar was reduced from 767,000 to 505,000 tons.
9/10/08 ED&F Man predicts that world sugar production will fall short of consumption by 700,000 tons in 2008-2009.
8/12/08 The USDA's 2008-2009 U.S. ending stocks guess for:
Sugar was increased from 607,000 to 767,000 short tons.
8/7/08 The U.S. Environmental Protection Agency denied the request from Texas to reduce the Renewable Fuels Standard this year, saying that they found no evidence that the mandate was causing "severe harm" to the economy.
6/11/08 (Bloomberg) -- India, the world's second-biggest sugar maker after Brazil, may resume imports of the sweetener after four years as farmers plant less sugar cane because of declining prices.
6/10/08 The USDA's 2008-2009 U.S. ending stocks estimate for Sugar was reduced from 1.336 to 1.273 million tons.
4/15/08 Cargill is building a million ton a year sugar refinery in Louisiana. The refinery is expected to start up in 2010.
4/9/08 The USDA's estimate for 2007-2008 U.S. ending stocks of
Sugar was reduced from 1.978 to 1.950 million tons.
2/18/07 Czarnikow lowered the world sugar production surplus for 2007-2008 from 10.5 to 9.7 million tons.
2/8/08 The USDA's estimate of 2007-2008 U.S. ending stocks of Sugar was raised from 2.006 to 2.029 million tons.
1/25/08 F.O. Licht, lowered it’s estimate for world sugar production this year by 0.5%. It estimates production at 169.1 ml tons, down from an October estimate of 169.9.
11/9/07 The USDA's 2007-20008 U.S. ending stocks estimate of
Sugar was reduced from 1.899 to 1.880 million tons.
10/30/07 The International Sugar Organization said a global sugar excess may take as long as two years to reduce because of record crops in India and Brazil.
10/12/07 The USDA's 2007-2008 U.S. ending stocks estimate of Sugar increased from 1.802 to 1.899 million tons.
8/26/07 The International Sugar Organization estimates 2007-2008 world sugar production at 169.6 million tons, 10.8 million tons over consumetion.
8/10/07 The USDA's 2007-2008 U.S. ending stocks estimate for: Sugar rose from 1.377 to 1.388 million tons.
8/9/07 The International Sugar Organization expects a 2007-2008 world production surplus of 10 million tons.
7/23/07 F.O. Licht, increased its estimate of the world 2006-2007 sugar crop by 5.5 million tons to 167.3 million tons.
6/11/07 The USDA estimates 2007-2008 U.S. ending stocks of Sugar rose from 1.340 to 1.417 million tons.
5/25/07 The USDA estimates 2007-2008 the world sugar production at 163.3 million tons up from 161.3 million tons YoY. World ending stocks are expected to rise 6.1 million tons to 45.1 million tons, or 29% of use.
4/10/07 The USDA's 2006-2007 U.S. ending stocks estimate for Sugar was increased from 1.686 to 1.743 million tons.
3/6/07 Dow-Jones Newswires reports that Brazil is considering increasing the ethanol content of their fuel from 23% to 25%.
3/6/07 At its Outlook Forum, the USDA said they expect 2007-2008 U.S. ending stocks of Sugar to fall from 1.695 to 1.215 million tons.
2/12/07 F.O.Licht estimates 2006-2007 world sugar production at a record 160.6 million tons, up 13 million YoY.
2/9/07 The USDA's U.S. 2006-2007 ending stock estimate for Sugar was lowered from 1.801 to 1.695 million tons.
1/12/07 The USDA's 2006-2007 U.S. ending stocks estimate for Sugar was reduced from 1.981 to 1.801 million tons.(Stocks to use ratio of 17%)
12/11/06 The USDA's 2006-2007 U.S. ending stocks estimate of Sugar was increased from 1.87 to 1.98 million tons.
11/21/06 The USDA said that world sugar production will be 155.2 million tons in 2006-2007, up 7% YoY. World ending stocks will increase 4.2 million tons to 33.2 million tons -- 22% stock to use. The second lowest stocks to use ratio in nine years.
11/17/06 Brazil will increase the ethanol content of its gasoline from 20% to 23% on 11/20/06.
10/17/06 USAgnet: Czarnikow Sugar Ltd. says that Brazil is exporting so much ethanol, they may not meet domestic demand.
10/12/06 The USDA's 2006-2007 U.S. ending stocks estimate for sugar was reduced from 1.756 to 1.755 million tons.
8/31/06 The Brazilian government increased its estimate of the sugarcane crop to 471 million tons.
8/12/06 The USDA's U.S. 2006-2007 ending stocks estimate for Sugar was increased from 979,000 to 1,609,000 tons.
7/17/06 F.O. Licht predicted on Thursday that world sugar production will total 149.2 million tons during the 2005-2006 period, an increase of more than seven million tons compared to the previous harvest.
6/26/06 Australian Bureau of Agricultural and Economics forecast World sugar production next fiscal year at 152.5 million tons, up from 149.7 million tons this fiscal year, and Global consumption at 151.2 million tons up from 150.6 million tons this year.
6/20/06 India's sugarcane ethanol output is enough to cover the government's plan to blend 5% ethanol with gasoline starting in October 2006, the U.S. Dep. Of Agriculture said.
5/25/06 The USDA said that 2006-2007 world sugar ending stocks are expected to fall, from 30.97 to 30.92 million tons, 21% of annual use, matching the lowest stocks to use ratio in nine years. Brazil is expected produce 30.34 million tons, up from 27.1 million tons last year.
5/5/06 The Sao Paulo sugarcane industry association estimated Brazil's 2006-2007 center-south sugarcane crop at 375 million tons, up from a previous estimate of 363 million tons.
5/5/6 The Bush White House is urging Congress to remove the import tariff on ethanol. Farm-state lawmakers however say they're prepared to fight vigorously any attempt to remove the 54-cent tariff on imported ethanol even though demand for the additive is growing as refiners use more of it in gasoline.
4/10/06 The USDA 2005-2006 U.S. ending stocks estimate for Sugar was reduced from 1.51 to 1.50 million tons.
4/6/06 Mexico Sugar Growers Union sees 05-06 sugar crop down 8.8% YoY at 5.288M MT
3/10/06 The USDA's 2005-2006 U.S. ending stocks estimate for sugar was lowered from 1.661 to 1.510 million tons.
3/6/06 Brazilian exports of ethanol rose to 145.1 million liters in February, up 20.7% from 120.2 million liters a year ago. U.S. demand dominated sales.
3/1/06 The International Sugar Organization estimates world sugar production in 2005-2006 at 149 million tons and total use at 151.2 million tons. Resulting in a production shortfall of 2.22 million tons -- larger than previous estimates.
2/21/06 Dow-Jones Newswires reported that because of strong ethanol demand, Brazil will reduce ethanol in its gasoline from 25% to 20%.
2/7/06 Brazil adds fuel to drive for ethanol Now Brazil's main challenge is meeting demand. The country aims to double ethanol production by 2013. Already demand is straining supplies between harvests, causing ethanol prices to rise to close to where petrol becomes more cost effective for flex-fuel drivers. But the industry says expanding sugar cane plantations and new ethanol plants will quickly solve the problem
1/12/06 The USDA's 2005-2006 U.S. ending stocks estimate for Sugar was reduced from 1.395 to 1.320 million tons.
12/9/05 The USDA's 2005-2006 U.S. ending stocks estimate for Sugar was increased from 667,000 to 1.395 million tons.
11/14/05 The International Sugar Organization expects world consumption to outpace production by one million tons in 2005-2006 and by two million tons in 2006-2007.
11/2/05 Early next year, Cargill will build the largest U.S. sugar refinery in Louisiana with the ability to process 10% of the nation's sugar.
10/12/05 USDA's 2005-2006 U.S. ending stocks estimates for Sugar was increased from 1.014 to 1.089 million tons.
10/12/05 Today’s USDA production estimates for Sugar was reduced from 7.964 to 7.874 million tons.
10/03/05 March sugar closed up 0.30 cent at 11.53 cents a pound driven by ethanol demand and crop damage in the gulf.
09/20/05 Australia, Brazil and Thailand have accused the European Unionof failing to comply with a World Trade Organization decision that its subsidies to sugar producers were illegal.
09/12/05 The USDA's 2005-2006 U.S. crop estimate for
Sugar was lowered from 7.991 to 7.964 million tons.
09/12/05 The USDA's 2005-2006 U.S. ending stocks estimate for
Sugar was increased from 0.785 to 1.014 million tons.
07/26/05 German consulting agency F.O. Licht raised their estimate of
global sugar consumption this year (2004/05) by 600,000 tonnes while raising production by only 180,000 tonnes.
07/12/05 The USDA's 2005-2006 U.S. ending stocks estimate for
Sugar was increased from 759,000 to 904,000 tons.
06/27/05 The Brazilian government estimated 2005-2006 sugar production at 27.2 million tons, up 2% YoY.
06/22/05 The European Union announced that it will be cutting its subsidized sugar price by 39%. October sugar was up .04 at 9.11.
05/26/05 The USDA estimates 2005-2006 world sugar production at 146.3 million tons, up from the previous years 142.1 million tons. The 2005-2006 world ending stocks are expected to decrease from 35.8 to 34.2 million tons - or 23% of usage.
05/18/05 U.S. Agriculture Secretary Mike Johanns has hit a roadblock as he stumps for the Central American Free Trade Agreement. Idaho sugar beet farmers are opposing the pact, known as CAFTA, because of provisions allowing 107,000
metric tons of sugar to be imported into the U.S.
05/12/05 The USDA's 2005-2006 U.S. ending stocks estimate for
Sugar is 759,000 tons, down from 1,343,000 tons in 2004-2005.
04/28/05 The World Trade Organization ruled against European sugar subsidies today, saying that the subsidies violate their trade rules.
04/25/05 China's Ministry of Agriculture said that China will produce 10.0 million tons of sugar in 2004-2005, down slightly from the previous year and less than they consume.
04/22/05 ED&F Man said that they still expect world demand for sugar to exceed production in the upcoming year.
04/12/05 The USDA attaché increased the estimate of China's sugar imports from 1.2 million to 1.4 million metric tons. The estimate of sugarcane and beet acreage in China was increased by 6% for the upcoming year.
04/12/05 Chinese officials are visiting Brazil this week in search of knowledge on how to introduce ethanol as an additive into gasoline fuel.
03/14/05 Reuters is quoting Cuba's Sugar Minister as saying that the current drought that damaged last year's sugar crop is also ruining the upcoming crop.
03/11/05 ED&F Man has global sugar stocks falling by 5 million tons in 2004-2005. About the same as the USDA's estimate of a 4.8 million ton drop in ending stocks.
02/09/05 The USDA's 2004-2005 U.S. ending stocks estimate for Sugar was reduced from 1.574 to 1.548 million tons.
01/12/05 The USDA's 2004-2005 U.S. ending stocks estimate for
Sugar was reduced 91,000 tons to 1.574 million tons.
01/06/05 The world raw market is supported by expected import demand from Russia and India this quarter and by tightening supplies in Asia, where crops are smaller on the year in India, Thailand and other countries.
12/13/04 India's sugar output in the year ended next Sept. 30 is seen at 13.5 million tons, below a modest 14 million last year, the agriculture minister told Parliament Monday. Domestic consumption is 18 million tons annually. Since Sept. 1, 2003, India has imported 900,000 tons, he said.
12/10/04 The USDA's 2004-2005 U.S. ending stocks estimate for
Sugar was reduced 274,000 tons to 1.665 million tons.
10/17/04 The European Union confirmed that the World Trade Organisation had ruled its subsidies for sugar production are illegal, but said it would appeal. The EU had been spending up to 1.3 billion euros (1.62 billion US dollars) a year on subsidies for an annual average of more than five million tonnes of sugar exports.
10/11/04 India in recent months shifted to being a net importer of sugar because of two consecutive small crops in a row.
09/02/04 Brazil's sugar exports were 1.62 million tons in August, down 17% from a year ago.
07/12/04 The USDA reduced the 2004-2005 estimate of U.S. sugar production from 8.59 to 8.48 million tons
05/28/04 The USDA predicted a 5.4 million ton production deficit for the 2004-2005 world sugar market.
05/26/04 The International Sugar Organization said that they expect a world production surplus of .22 million tons in 2003-2004, but a 2.25 million ton deficit in 2004-2005.
04/07/04 Kingsman said that 2003-2004 world sugar demand will outpace production by 3.5 million tons and 2004-2005 world demand will outpace production by 3.4 million tons.
04/17/04 Czarnikow expects Brazil's 2004-2005 sugarcane crop to total 370 million tons.
03/04/04 The International Sugar Organization expects 2003-2004 world sugar production to total 146.5 million tons, and use to total 145.9 million tons, resulting in a surplus of 614,000 tons. This is less than the previous estimate of a 1.4 million ton surplus.