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%.

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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%.

Prices for sunflower seeds in the Krasnodar region have risen by 40% due to a reduced crop after a dry summer.

The seed fruit of the 2024 harvest has turned into over 100,000 tons of sweet product in the Oryol region.

Production of pork in the Irkutsk region is planned to increase by 77% by 2030 thanks to new investments.

Raising quails in the Moscow region is growing: the number of individuals has increased by 72 thousand in a year.

"Increased production and crop yield: the agricultural sector of the KBR showed significant achievements in 2024."

The level of grain exports through the Kazakhstan Temir Zholy (KTZ) has reached a new record: 1.1 million tons were shipped in September, with plans to ship 1.3 million tons in October.

The Minister of Agriculture of Iraq, Al-Maliki Abbas, discussed cooperation with Russia at the ASIAEXPO-2024 congress.

The sugar beet harvest in the UK is expected to be reduced due to the reduced risk of yellow virus without the use of neonicotinoids.

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%.