India 2020/21 sugar production up 23% from last season

Through mid-February, Indian sugar production reached 20.89 MMT, up 23 percent from production of 17.00 MMT a year ago. Among the producer states, production is up strongly in Maharashtra, down marginally in Uttar Pradesh, and up by nearly a third in Karnataka. ISMA currently [...]

Updates on Brazilian sugarcane crop

From April through January, Brazil’s center-south sugarcane crush totaled 597.6 MMT, up 3 percent YOY. Thanks to a sugar share of 46 percent, up from 34 percent a year ago, sugar production reached 38.20 MMT, up 44 percent YOY. With the ethanol share lower, [...]

Sugar futures remain range-bound near recent highs

Mar-21 #5 world white sugar has kept to a three-week range after rallying from late December through mid-January. The contract tested its Jan. 18 contract high on Tuesday but instead dipped slightly lower Tuesday and Wednesday. Support may be above $459, $454, and $450, [...]

FAO: World food prices up nearly 8.8% YOY in January

FAO reported its January food price index up 2.7 percent from December and up 8.8 percent YOY (adjusted for inflation). Month on month, its component subindexes were either up (cereals, oils, sugar) or nearly flat (meat, dairy). Year on year, nearly all subindexes made [...]

FAO food price index up 3.6% in 2020

FAO reported the world food price index for 2020 up 3.6 percent from 2019 (adjusted for inflation). This follows a modest annual increase of 1.4 percent in 2019 after the price index hit a 12-year low in 2018. The key subindexes showing growth in [...]

Mexico sugar prices weaker as cane campaign speeds up

Reference pricing for Mexican sugar was down a little over 1 percent for estandar (down 1.3 percent) and refined (down 1.1 percent) as of Dec. 14, as might be expected as more mills begin crush. With stocks tighter, refined pricing is naturally expected to [...]

Estandar sugar pricing holds, refined holds steady early in Mexico campaign

November’s average reference pricing for estandar fell 1.9 percent from pricing in October, while refined pricing gained slightly, up 0.3 percent from the October average. Year on year, estandar and refined references prices are up 21 percent and 23 percent, respectively. Through the eighth [...]

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