The amount of sugarcane crushed in the first half of September in Brazil’s key Center-South region is expected to be 39.56 million mt, down 13% year on year and 8.7% lower than the previous two-week period, an S&P Global Platts survey of analysts found Monday.
The ongoing heavy spell of rain across Punjab a week before the start of procurement from October 1 has reportedly done considerable damage to the paddy crop. Apart from paddy, the rain is not good for other kharif crops – cotton, maize and sugarcane — as well.
Raw sugar futures fell more than 4 percent to approach a one-month low on Monday, pressured by a weaker Brazilian currency and worries about possible exports from India, while New York cocoa rallied from a one-month low hit in the previous session.s
The foundation stone of Oman Sugar Refining Plant was laid down today at Sohar Port under the auspices of Dr Ali bin Masoud al Sunaidy, Minister of Commerce and Industry, in the presence of Shaikh Muhanna bin Saif al Lamki, Governor of North Al Batinah, a number of undersecretaries and a group of businessmen.