Prices for sugar have decreased due to increased production in Brazil: global futures closed lower, Barchart reports.

Prices for sugar in New York and London have decreased due to increased production in Brazil. In March, sugar production in this country increased by 313%, reaching 42.245 million tons for the 2023/24 year.

Factories are focusing on sugar by increasing the processing of sugarcane to 48.96%.

29 June 2024

On Wednesday, the May futures for world sugar No. 11 in New York (SBK24) closed down by 0.20 points (-0.89%), while the May futures for London white sugar ICE No. 5 (SWK24) closed down by 7.80 points (-1.19%).

Prices for sugar on Wednesday showed a moderate decrease due to the increase in sugar production in Brazil. The company Unica reported that sugar production in the Center-South region of Brazil in the first half of March amounted to 64,000 tons, which is 313% more than the same period last year. In addition, sugar production in Brazil in marketing year 2023/24 by mid-March increased by 25.8% compared to the previous year, reaching 42.245 million tons. Brazilian sugar mills increased the processing of sugarcane to obtain more sugar and less ethanol. This year, mills processed 48.96% of the total sugarcane volume for sugar production, which is 3.03% more than last year.

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Prices for sugar have decreased due to increased production in Brazil: global futures closed lower, Barchart reports.

Prices for sugar in New York and London have decreased due to increased production in Brazil. In March, sugar production in this country increased by 313%, reaching 42.245 million tons for the 2023/24 year.

Factories are focusing on sugar by increasing the processing of sugarcane to 48.96%.

Tariffs for grain transportation are stable, pending new navigation closures and changes in duties.

Sales of white sugar at the auctions have reached a record level: the total volume is 4020 tons, and prices have confidently risen to 56500 rubles.

Scientists have developed a spray coating that increases crop productivity and saves energy in greenhouses.

Chita poultry farm has increased egg production threefold thanks to the financial support from the regional government.

Research: How birch trees adapt to changing climatic conditions to effectively carry out photosynthesis.

Bulgaria is facing a catastrophic corn harvest due to the hot summer: exports and production may decrease.

Producers of rice in Kazakhstan are sounding the alarm due to delayed sales of the harvest following a significant drop in prices.

Chishminsky plant has started delivering sugar beet pulp to Uzbekistan, increasing volumes up to 1000 tons per month.

Prices for sugar have decreased due to increased production in Brazil: global futures closed lower, Barchart reports.

Prices for sugar in New York and London have decreased due to increased production in Brazil. In March, sugar production in this country increased by 313%, reaching 42.245 million tons for the 2023/24 year. Factories are focusing on sugar by increasing the processing of sugarcane to 48.96%.

Tariffs for grain transportation are stable, pending new navigation closures and changes in duties.

Sales of white sugar at the auctions have reached a record level: the total volume is 4020 tons, and prices have confidently risen to 56500 rubles.

Scientists have developed a spray coating that increases crop productivity and saves energy in greenhouses.

Chita poultry farm has increased egg production threefold thanks to the financial support from the regional government.

Research: How birch trees adapt to changing climatic conditions to effectively carry out photosynthesis.

Bulgaria is facing a catastrophic corn harvest due to the hot summer: exports and production may decrease.

Producers of rice in Kazakhstan are sounding the alarm due to delayed sales of the harvest following a significant drop in prices.

Chishminsky plant has started delivering sugar beet pulp to Uzbekistan, increasing volumes up to 1000 tons per month.

Prices for sugar in New York and London have decreased due to increased production in Brazil. In March, sugar production in this country increased by 313%, reaching 42.245 million tons for the 2023/24 year.

Factories are focusing on sugar by increasing the processing of sugarcane to 48.96%.