Sugar Industry News

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Nairobi A serious shortage of sugar cane is looming after some farmers stopped growing the crop, the Kenya Sugar Board has warned.

The AfDB Zambia Country Office Resident Representative, Freddie Kwesiga, joined by the Ambassador of Finland to Zambia, Her Excellency, Mrs. Antila Sinikka and Mr. Abednego Banda, Permanent Secretary in the Ministry of Agriculture and Cooperative, on Tuesday 26 January 2010, toured two sites of past and on-going Bank funded Irrigation Projects in Mazabuka in southern Zambia.

Vietnam will import 280,000 tons of sugar this year to prevent the price of the sweetener from surging further on the local market, said the Ministry of Industry and Trade.

Brazilian sugar and ethanol major Cosan (NYSE: CZZ) will raise its sugarcane crush capacity at existing mills in order to meet increasing demand for ethanol and sugar, CFO Marcelo Martins told a conference call.

More than two months after the sugarcane crushing season began on the face of violent protests, it is virtually a win-win situation for both farmers and sugar mills in Uttarakhand.

Sugar producers should sell into the strong market, Goldman Sachs has said, even as it raised its forecasts for prices of the sweetener for the next 12 months.

Sugar producers should sell into the strong market, Goldman Sachs has said, even as it raised its forecasts for prices of the sweetener for the next 12 months.

Feb 4 - Brazil's largest sugar and ethanol marketing company, Copersucar, called an additional export of 500,000 tonnes of out-of-quota sugar by the European Union a "flagrant violation" of World Trade Organisation (WTO) rules.

US agribusiness giant Bunge Ltd reported a fourth-quarter net loss on Thursday as its fertilizer segment continued to lose money and agribusiness results were weaker than expected, sending its shares down more than 4%.

LONDON, Feb. 6 (Reuters) Asia is at the heart of the global sugar supply crunch, while Russia and the United States are also likely to face big shortfalls this year, a senior sugar consultant said.

Thailand plans special negotiations with the European Union to seek compensation for the EU's unfair subsidy on sugar exports.

Feb. 2 (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.