India: India Sugar-Down in Muzaffarnagar as demand low on lack of transport
DATE 28Mar 2019

Prices of medium-grade sugar fell by 5 rupees per kg today in Uttar Pradesh’s Muzaffarnagar as stockists have slowed down purchases due to lack of transport, said Vijay Kapoor, a local trader. “There is a problem of transport so stocks which have been sold already are not being lifted at the due date from mill gates,” Kapoor said. Contrary to the trend in Uttar Pradesh, sugar… Read More »

Singapore: Center-South Brazil sugarcane crush in H1 March nearly triples H2 February levels-UNICA
DATE 27Mar 2019

A total of 1.591 million mt of sugarcane was crushed in Center-South Brazil in the first half of March, up from 543,000 mt of sugarcane crushed in the second half of February, Brazilian sugar industry association UNICA said Tuesday. The total was down from 3.421 million mt a year ago. UNICA cited a lower number… Read More »

Brazil: Late Brazil cane harvest may catch sugar traders off-guard
DATE 27Mar 2019

A likely delay in the start of Brazil’s center-south cane harvest may catch some New York sugar futures players on the wrong foot, forcing those operators to cover positions, according to analysts and commodity traders. Although Brazil’s 2019/20 center-south cane crop officially starts in April, many mills begin crushing earlier if their cane is ready.… Read More »

UK: UK sugar tax weighs on margins at Fevertree
DATE 27Mar 2019

The introduction of a sugar tax in the UK has put pressure on margins at high-end tonic maker Fevertree, even as its revenues continue to soar. The FTSE-listed group, which has been riding a wave of growing appetite for speciality gins, saw its gross profit margin shrink from 53.5 per cent in 2017 to 51.8… Read More »

Kenya: NLC’s proposal to sell state-owned sugar firms’ land blocked
DATE 27Mar 2019

The Privatisation Commission has opposed a National Land Commission proposal to sell land belonging to state-owned sugar factories as that is not its mandate. Chairman Paul Otuoma said in Bungoma that the land on which the factories are built is community land and as such should be held in trust by the respective county governments.… Read More »