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Maharashtra sugar production up 10%

Posted by Flora Sawita Labels: Maharashtra, Production, Sugar

(The Economic Times): A better availability of labour due to wage hike and an increased use of harvesting machines have helped Maharashtra sugar mills crush more cane in less time this year.

The mills have crushed about 10% more cane till last week as compared to the previous year. Barring a few mills in Pune region, the crushing season is expected to get over in the state by April-end. Despite a late start due to farmer protests over cane price, cane crushing is going on unhindered.

Till last week, Maharashtra mills had crushed 640 lakh tonne cane and produced 734 lakh quintal sugar with a recovery of 11.46% as compared to crushing of 585 lakh tonne cane and sugar production of 651 lakh quintal with a recovery of 11.12% during the same period of last year.

The quantity of cane crushed is higher by 9.40% while the quantity of sugar produced is higher by 12.7%.

Sugar production is higher because sugar recovery this year is higher by 0.32% as compared to the last year.

An increment of 70% in wages ensured that the labour did not migrate to neighbouring states. "We have better labour availability this year," said the managing director of a Baramati-based sugar co-operative.

The increase in the use of harvesters has also eased some pressure. "As compared to 28 harvesters we had last year, 130 harvesters are operating this year," said an official from the state sugar commissionerate. Sugar mills get a 25% subsidy for the harvesters.

Although there is an improvement in recovery, the per-acre cane yield of the sugar cane crop has dropped. As a result, the state sugar commissionerate has revised downward its estimate of sugar production to 88 lakh tonnes to 89 lakh tonnes.

Kenya and Thailand Sees Increase in Sugar Production

Posted by Flora Sawita Labels: Kenya, Sugar, Thailand

Kenya's 2012 sugar output forecast to rise 13 percent

Kenya's 2012 sugar production is forecast to rise 13 percent to a potential record high buoyed by expected good weather and bigger factory crushing capacity, the industry regulator said.

The east African nation of 39 million people has an annual sugar deficit of around 200,000 tonnes, which is usually filled by imports from other producers in the region.

Kenya is struggling to boost output due to relatively high production costs and poorly funded sugar factories.

The Kenya Sugar Board (KSB) said Kenya would produce about 552,000 tonnes of sugar, up from last year's 487,022 tonnes, also due to better crop husbandry.

In its record year in 2009, Kenya produced 548,207 tonnes of sugar thanks largely to better weather.

The regulator projects demand for the sweetener would grow to 794,844 tonnes this year from 776,000 tonnes last year.

"The projection is made against a backdrop of increased crushing capacity in the sugar industry despite the challenges of cane shortage experienced in 2011," Rosemary Mkok, managing director of KSB said in emailed response to Reuters.

"With anticipated good rains and increased cane development, we expect 2012 to be a better year for cane production."

Kenya plans to privatise five sugar factories to cut inefficiency and boost competitiveness ahead of the end of trade safeguards in March 2012, which limit imports from the Common Market for Eastern and Southern Africa (COMESA) trade bloc.

Kenya currently has an installed factory crushing capacity of 30,109 tonnes of cane per day, but expects an additional 3,000 tonnes to be added when a factory being constructed near the port city of Mombasa commences operations in April 2013.

Experts blame high costs of production for making the Kenyan sugar industry uncompetitive.

The regulator estimated the cost of producing a tonne of sugar at about $570 in western Kenya compared with $240-$290 in rival producers such as Egypt.

Thailand sees steady growth in sugar output

Thai sugar production is forecast to rise by around 5 percent per year over the next five years and reach 12 million tonnes by around 2017, a senior official at the Office of Cane and Sugar Board (OCSB) said on Tuesday.

"We aim to have steady growth of around 5 percent per year.

Let's say we should produce more than 10 million tonnes of sugar annually from now on," the OCSB's secretary-general, Prasert Tapaneeyangkul, told Reuters.

Thailand, the world's second biggest sugar exporter, is forecast to produce a record 9.9 million tonnes of sugar in the current 2011/12 crop, up from 9.6 million tonnes in the previous year, according to the OCSB, which oversees the country's sugar industry.

No official forecast for the 2012/13 crop is available but traders and industry official expect it be at least 9 million tonnes.

Prasert said Thailand had limited land for agriculture due to urbanisation and the country therefore needed to increase yields and the CCS rate to get more sugar.

The CCS, or Commercial Cane Sugar, measures sugar content in cane, with a higher CCS indicating a better sugar yield.

"We need to develop in many ways, including getting crop management more mechanised to avoid losses," Prasert said.

The International Sugar Organisation (ISO) last week revised up its forecast for the global sugar surplus in 2011/12 to 5.17 million tonnes from 4.46 million.

Sudan plans to increase sugar production by $1bn sugar-plant

Posted by Flora Sawita Labels: Africa, Processing Plant, Sudan, Sugar

Sudan plans to increase sugar production by 450,000 tonnes annually with the help of a $1 billion plant, aiming to end dependency on imports and start exporting sugar by 2014, officials and executives said.

The African country is trying to cut food imports stoking inflation and eating into the dwindling budget. Sudan is undergoing an economic crisis after losing three-quarters of its oil production the lifeline of the economy when South Sudan became independent in July.

Boosting sugar production is a top priority as sugar is the most important food item for the 32 million Sudanese. The country is the one of the biggest African sugar producers after South Africa and Egypt but needs to import at least 400,000 tonnes annually.

To achieve self sufficiency, Sudan will launch in April a new sugar plant, the White Nile Sugar Co, with an initial annual white sugar output of 150,000 tonnes, General Manager Hassan Satti told Reuters on Saturday.

"Next year we will have 250,000 tonnes and in three years we will come to full capacity of the project, which is 450,000 tonnes of sugar," Satti said while touring the plant's sugar cane fields located in White Nile state some 170 kilometers (130 miles) south of Khartoum.

The new plant, in which Sudan's Kenana Sugar Co, owned by Saudi Arabia, Kuwait and Sudan, is the biggest shareholder, will also produce power, animal feed and ethanol. Other shareholders are Sudanese firms and two Egyptian investors.

"In the coming two years we will be about 85 percent sufficient (in sugar). In 2014 we will be self-sufficient and we'll be having 100,000 metric tonnes for exports," Industry Minister Abdul-Wahab Osman told Reuters.

Together with two other sugar plants Kenana and a government-owned entity Sudan's sugar production will hit 1.5 million tonnes by 2014, he said.

Sudan plans to build four more plants with help of development loans from India and China which would propel production to more than 2 million tonnes in 2016.

"The plan is to produce 10 million tonnes," Osman said, without giving a timeframe. "Sugar is one of the most important product in Sudan because it is a locomotive for other products like animal feed (and) ethanol. All these products will be produced in the sugar factories."

The White Nile Sugar Co was established in 2004 and will go online in April. Located in a remote savannah region, the plant will be fed with water from the nearby White Nile.

The company will produce power as a by-product, much needed in Sudan which is struggling to supply the vast and mostly arid country with electricity.

"The other main product is electricity. We're planning (to produce) 140 megawatt of power. Half of that we're going to consume inside the project, half of that is for export to the national grid," Satti said.

Within two years the plant will also produce 100,000 tonnes of animal feed and 45 million tonnes of ethanol annually, he said.

In another expansion the company wants to produce 20,000 tonnes a year of sunflower, peanuts and sorghum, a staple food in Sudan.

Cargill seen as big sugar receiver

Posted by Flora Sawita Labels: Companies, Raw Sugar, Sugar

Cargill is expected to be a big receiver of up to 1 million tonnes of raw sugar at expiry on Wednesday of the ICE spot contract, based on the current value of the front-month spread.

Brokers and dealers said if the front-month premium SB-1=R remains around the present level of 95 points (0.95 cent), the delivered tonnage against the New York exchange would likely stand at the upper end of a 500,000-1 million tonne range.

As of Monday, open interest stood at 40,537 lots, or just over 2 million tonnes.

Jonathan Kingsman, managing director of consultancy Kingsman SA, said he expected Cargill to be sole receiver of between 600,000 tonnes and 1 million tonnes of sugar from a mix of deliverers.

Cargill were unavailable for immediate comment on market talk that they were likely to be the sole receiver on Wednesday.

A senior London-based sugar futures broker said he saw potential delivery of between 600,000 tonnes and 1 million tonnes, depending on spread activity, and that Brazilian sugars would be included in the delivery.

"We would agree that there is going to be a substantial delivery tonnage.

"At present spread values, it could be at the top end of the 500,000 tonne to 1 million tonne range, though receivers may choose to take some of the tonnage through commercial contracts rather than via the exchange."

Cargill has been the major receiver of sizeable deliveries in New York for years.

The exception was last October, when trade sources said they were not the major receiver for the first time in 17 years and the sugar was taken by rival trade house Louis Dreyfus.

Raw sugar deliveries stood at a 5-year low of 20,168 tonnes at expiry of the October contract in 2011.

The biggest raw sugar delivery in 2011 was the March delivery at 965,000 tonnes.

The July raw sugar contract expired in 2009 with 26,783 lots delivered to the tape, or a total of 1.36 million tonnes.

Kingsman said he expected the delivery to include some 300,000 tonnes from the main growing regions, the centre-south and north-east, of top producer Brazil, 150,000 tonnes from Central America and 25,000-50,000 tonnes from the Philippines.

The Philippines, a major producer in the 1970s, started delivering sugar against the ICE expiry again in 2011.

A big question market was how much Thai sugars would feature.

"Thai raws will be the sugars that the main receiver is targeting," said De Klerk.

Vietnam to export up to 150,000 tonnes of sugar

Posted by Flora Sawita Labels: Export, Sugar, Vietnam

Vietnam will export 100,000-150,000 tonnes of sugar this year to help offset a domestic surplus as supply is expected to outstrip demand, the agriculture ministry said on Tuesday.

Domestic refined sugar output could reach 1.57 million tonnes, above expected demand of 1.4 million tonnes, the ministry's department for processing and trading agricultural and forestry products said on its website (chebien.mard.gov.vn).

Refineries in Vietnam would turn out 1.4 million tonnes of sugar, while 100,000 tonnes were brought forward from 2011 and another 70,000 tonnes would be imported under World Trade Organisation commitments, the department said in a statement.

"To reduce pressure on distribution and enable sugar refineries to recover funds for production, the Agriculture Ministry has agreed with the Industry and Trade Ministry on the export," the statement said but gave no specific timeframe.

Sugar imports would start from June 2012, after the 2012 sugarcane crushing season ends in May, it said.

Vietnam last year exported sugar to northern neighbour China, which had a domestic shortage.

Apart from the official inflow, Vietnam, a minor sugar producer by world standards, has also been facing problems with smuggled sugar, mostly of Thai product, across its land border with Cambodia.

Some physical dealers speculated that Vietnam could export white sugar, which may put pressure on premiums for Thai whites.

On Tuesday, quotations for Thai white sugar premiums ranged from as low as $20 a tonne to London futures to as high as $30, with dealers keeping a close eye on Vietnam.

Vietnam's projected sugar surplus problem is in line with global output.

ISO raises global sugar surplus forecast

Posted by Flora Sawita Labels: Forecast, Global Market, Sugar

The International Sugar Organisation on Monday increased its forecast for a projected global sugar surplus in 2011/12 to 5.17 million tonnes, up from a forecast of 4.46 million issued in its previous quarterly update.

World production in 2011/12 was seen at a record 173.00 million tonnes, up 4.9 percent from the previous season, with consumption climbing 2.3 percent to 167.83 million, the ISO said in a quarterly market outlook.

The upward revision in the surplus was driven by expectations of significantly higher output in several key producers, such as Russia, the EU, India, Pakistan and Ukraine, despite a cut in top producer Brazil's projected output.

"Expected losses in export availability in Brazil are likely to be counter-balanced by higher deliveries from a number of key players including Australia, the EU, India and Thailand," the London-based ISO said.

The ISO expects world exports to grow marginally to 53.275 million tonnes, up 51,000 tonnes from the previous year.

World import demand is expected to decrease on the back of higher output in importing countries, the ISO said.

Imports are projected at 49.151 million tonnes, raw value, as against 52.765 million tonnes estimated for 2010/11 and the record level of imports at 55.403 million tonnes in 2009/10.

The upward revisions for output in 2011/12 mean that the ISO anticipates that stock rebuilding will accelerate in the second half of the season.

The current season started with a very low level of stocks, it added.

"If the currently anticipated differential between export availability and import demand (about 4.1 million tonnes) goes to stocks at the end of the season, the stocks/consumption ratio will rise to about 37 percent," the ISO said.

"This is likely to put bearish pressure on world prices."

China will stockpile domestic sugar to aid prices

Posted by Flora Sawita Labels: China, Storage and Stockpiling, Sugar

China will stockpile 1 million tonnes of white sugar in state reserves, buying from the domestic market to stabilise prices of the sweetener and protect farmer interests, the country's top planning body said.

The government will buy an initial 500,000 tonnes at 6,550 yuan ($1,000) per tonne from Friday, the National Development and Reform Commission said on its website (www.ndrc.gov.cn).

Investors in the domestic futures market have been expecting the stockpiling plan since early January after domestic white sugar prices fell below production costs for mills, which could prompt mills to suspend operations and hurt sugarcane farmers.

The most-active September 2012 contract at the Zhengzhou market was traded at a more than two-month high on Wednesday to close at 6,614 yuan per tonne, 1 percent higher than the price offered by the government.

"The policy has set the bottom price for domestic sugar, aiming to encourage farmers to continue to grow.

But the government may not be able to buy that much at the price it offers," said Liu Yonghua, an analyst with Wanda Futures Co based in the country's top sugar region of Guangxi.

Beijing has been stockpiling farm products, including grains, soy, cotton and sugar, with government-set prices above farmers' planting costs.

The government releases its reserves whenever domestic prices rise above what the government can tolerate.

During the year to September 2011, the government released a total of 1.88 million tonnes of sugar from state reserves to cool record sugar prices, reducing state stocks and prompting a record volume of imports in 2011.

China's sugar imports in 2011 surged 65 percent on the year to 2.92 million tonnes.

Domestic sugar production falls short of China's needs, with a deficit of about 2 million tonnes estimated for this year, which needs to be covered with imports, analysts said.

German refined beets sugar production up

Posted by Flora Sawita Labels: Germany, Sugar, Sugar Beet, Vegetable

Germany produced 4.772 million tonnes of refined sugar from beets in the 2011/12 season now ending, up from 3.442 million tonnes in the previous season, the association of German sugar industry WVZ said on Wednesday.

The figure was only marginally up from the 4.747 million tonnes given in the association's final sugar test on February 1.

All of Germany's sugar beet crop has now been processed, the association said.

Germany's sugar beet harvest has progressed very well in favourable weather and a sharp rise in sugar output is being achieved because of expanded planted area and high sugar content of beets, the head of WVZ told Reuters on December 7.

German refined beets sugar production up

Posted by Flora Sawita Labels: Germany, Sugar, Sugar Beet, Vegetable

Germany produced 4.772 million tonnes of refined sugar from beets in the 2011/12 season now ending, up from 3.442 million tonnes in the previous season, the association of German sugar industry WVZ said on Wednesday.

The figure was only marginally up from the 4.747 million tonnes given in the association's final sugar test on February 1.

All of Germany's sugar beet crop has now been processed, the association said.

Germany's sugar beet harvest has progressed very well in favourable weather and a sharp rise in sugar output is being achieved because of expanded planted area and high sugar content of beets, the head of WVZ told Reuters on December 7.

Cuban sugar harvest off to slow start

Posted by Flora Sawita Labels: Cuba, Sugar

The Cuban sugar harvest got off to a slow start in January with just two of 13 sugar-producing provinces meeting their production targets, official media reported over the weekend.

First Vice President Jose Ramon Machado Ventura toured central Cuba on Saturday urging on the troops.

"Cienfuegos and Sancti Spiritus are the only provinces that are meeting their plans; the remainder are not," he was quoted as stating.

Fifteen mills opened in December, another 28 in January and three are scheduled to begin milling this month, in the first harvest since the Sugar Ministry was replaced in November by a state-run holding company.

The industry hopes to reverse a long decline, with plans calling for output to reach 1.45 million tonnes by the time the season ends in early May, compared with 1.2 million tonnes Reuters estimates was produced during the previous harvest.

Cuban sugar harvest off to slow start

Posted by Flora Sawita Labels: Cuba, Sugar

The Cuban sugar harvest got off to a slow start in January with just two of 13 sugar-producing provinces meeting their production targets, official media reported over the weekend.

First Vice President Jose Ramon Machado Ventura toured central Cuba on Saturday urging on the troops.

"Cienfuegos and Sancti Spiritus are the only provinces that are meeting their plans; the remainder are not," he was quoted as stating.

Fifteen mills opened in December, another 28 in January and three are scheduled to begin milling this month, in the first harvest since the Sugar Ministry was replaced in November by a state-run holding company.

The industry hopes to reverse a long decline, with plans calling for output to reach 1.45 million tonnes by the time the season ends in early May, compared with 1.2 million tonnes Reuters estimates was produced during the previous harvest.

China may be world's largest sugar importer by 2020

Posted by Flora Sawita Labels: China, Sugar, Sugar Import

China is likely to become the world's largest sugar importer by 2020 as consumption grows along with incomes, said Commonwealth Bank of Australia in a report on Wednesday.

CBA said increased urbanisation and a Westernisation of diets would see sugar consumption rising rapidly in countries with low rates of sugar consumption per person such as China.

Per capita sugar demand in China is just 7.6kg per person per year, the report cited the United Nation's FAO as saying, while in developed Asian nations such as Japan and South Korea the per capita sugar demand is 29kg/person/year and 36kg/person/year, respectively.

Some developed Western nations displayed considerably higher demand, with Australia at 47kg/person/year and the United States at 67.6kg/person/year, it said.

China's National Bureau of Statistics earlier this week that the country's urban population, now 51 percent of the total population, had for the first time exceeded the rural population.

More than 100 million rural Chinese people would settle in towns and cities over the next decade as a new generation of migrant workers turn their backs on farming, the National Population and Family Planning

Commission said in a report released late last year.

Wages for migrants have been rising in recent years.

In its favoured growth profile, CBA forecast growth in China's per capita consumption of sugar at 4.4 percent annually over the next few decades, doubling the 2000-2007 annual growth rate of 2.2 percent.

"Under this scenario, total Chinese sugar consumption (would) rise by 63 percent from 2010 to 2020 (and) by 2030, total Chinese sugar demand would be some 2.6 times 2010 demand" it said.

China's sugar consumption was estimated at 13.5 million tonnes in 2010/11 crop year by the China Sugar Association.

China may be world's largest sugar importer by 2020

Posted by Flora Sawita Labels: China, Sugar, Sugar Import

China is likely to become the world's largest sugar importer by 2020 as consumption grows along with incomes, said Commonwealth Bank of Australia in a report on Wednesday.

CBA said increased urbanisation and a Westernisation of diets would see sugar consumption rising rapidly in countries with low rates of sugar consumption per person such as China.

Per capita sugar demand in China is just 7.6kg per person per year, the report cited the United Nation's FAO as saying, while in developed Asian nations such as Japan and South Korea the per capita sugar demand is 29kg/person/year and 36kg/person/year, respectively.

Some developed Western nations displayed considerably higher demand, with Australia at 47kg/person/year and the United States at 67.6kg/person/year, it said.

China's National Bureau of Statistics earlier this week that the country's urban population, now 51 percent of the total population, had for the first time exceeded the rural population.

More than 100 million rural Chinese people would settle in towns and cities over the next decade as a new generation of migrant workers turn their backs on farming, the National Population and Family Planning

Commission said in a report released late last year.

Wages for migrants have been rising in recent years.

In its favoured growth profile, CBA forecast growth in China's per capita consumption of sugar at 4.4 percent annually over the next few decades, doubling the 2000-2007 annual growth rate of 2.2 percent.

"Under this scenario, total Chinese sugar consumption (would) rise by 63 percent from 2010 to 2020 (and) by 2030, total Chinese sugar demand would be some 2.6 times 2010 demand" it said.

China's sugar consumption was estimated at 13.5 million tonnes in 2010/11 crop year by the China Sugar Association.

India extends sugar export permit deadline

Posted by Flora Sawita Labels: Export, India, Sugar

India has extended the deadline for mills and factories to apply for sugar export permits, the government said on Friday, a move expected to boost sluggish exports from the world's second biggest producer.

Factories wishing to export from their own sugar stock can apply for the permit until January 31, while those plan to export sugar bought from elsewhere can apply for the permit until February 15, it said.

India, the world's top consumer of the sweetener, has given permission for unrestricted export of 1 million tonne of sugar in the current sugar year that started in October and had asked mills to apply for the permit before mid-January.

Trade sources said of the total, approval has been given for about 400,000 tonnes of exports so far.

Mills in India produced 7.6 million tonnes of sugar between October 1 and December 31, up 1.1 million tonnes from the year-ago period.

Output is estimated at 25 million tonnes in the 12 months starting October 1, 2011, higher than the annual demand of about 22 million tonnes.

India extends sugar export permit deadline

Posted by Flora Sawita Labels: Export, India, Sugar

India has extended the deadline for mills and factories to apply for sugar export permits, the government said on Friday, a move expected to boost sluggish exports from the world's second biggest producer.

Factories wishing to export from their own sugar stock can apply for the permit until January 31, while those plan to export sugar bought from elsewhere can apply for the permit until February 15, it said.

India, the world's top consumer of the sweetener, has given permission for unrestricted export of 1 million tonne of sugar in the current sugar year that started in October and had asked mills to apply for the permit before mid-January.

Trade sources said of the total, approval has been given for about 400,000 tonnes of exports so far.

Mills in India produced 7.6 million tonnes of sugar between October 1 and December 31, up 1.1 million tonnes from the year-ago period.

Output is estimated at 25 million tonnes in the 12 months starting October 1, 2011, higher than the annual demand of about 22 million tonnes.

Australia sees sugar exports up higher; Indian sugar stocks up

Posted by Flora Sawita Labels: India, New Zealand and Australia, Sugar

Australian sugar exports are forecast to increase by 7 percent in 2011-12 to 2.8 million tonnes in line with a rise in production from canefields recovering from cyclone damage earlier this year, the government's commodities forecaster said.

The forecast is mostly unchanged from one made by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) in September, despite a downward revision of expections for the harvest.

ABARES cut its forecast for sugar production in 2011/12 to 3.9 million tonnes, against a prediction of 4.2 million tonnes in a September.

That forecast is still above the 3.6 million tonnes produced in the last financial year, allowing for the jump in exports.

In a normal year, Australia typically ranks as the world's third largest raw sugar exporter behind Brazil and the European Union.

Above-average rainfall hampered harvesting last season in the tropical eastern state of Queensland, home to most of Australia's canefields, while a cyclone damaged crops in the state's north in February.

This year's harvest of stood-over cane started nearly a month early, helped by drier than normal weather in some key cane producing areas, according to ABARES.

Globally, ABARES predicts the surplus in sugar production in 2011-12 will inflate world closing stocks by 7.2 million tonnes to 64.3 million tonnes.

This would increase the stocks-to-use ratio from 35 per cent to 38 percent in 2011-12, it said.

India is forecast to export around 3.5 million tonnes of sugar in 2011-12, based on current stocks and the forecast of 2011-12 sugar production, after being a large net importer of sugar in 2009-10 and early 2010-11 A bumper harvest in the Russian Federation in 2011-12 implies that Russian sugar imports will decline by 2 million tonnes in the year, to a forecast 0.7 million tonnes, according to ABARES.

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India's sugar inventory rose 23.7 percent to 4.7 million tonnes on November 1 from a year ago, industry sources told Reuters on Monday.

November stocks are sufficient to meet about two months of domestic demand.

Sugar inventory on October 1, when the new season began, was 6.5 million tonnes against 5.0 million tonnes a year ago, they said.

Sugar mills have produced 2.2 million tonnes of sugar between October 1 and November 30, up from 1.8 million tonnes in the year ago period, the Indian Sugar Mills Association, a producers' body, said recently.

But output in the top producing state of Maharashtra is likely to miss a target of 9.3 million tonnes due to poor cane yields.

Industry and government officials estimate mills to produce 25-26 million tonnes of sugar in 2011/12, and after meeting domestic demand, about 3-4 million tonnes could be available for staggered exports.

Australia sees sugar exports up higher; Indian sugar stocks up

Posted by Flora Sawita Labels: India, New Zealand and Australia, Sugar

Australian sugar exports are forecast to increase by 7 percent in 2011-12 to 2.8 million tonnes in line with a rise in production from canefields recovering from cyclone damage earlier this year, the government's commodities forecaster said.

The forecast is mostly unchanged from one made by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) in September, despite a downward revision of expections for the harvest.

ABARES cut its forecast for sugar production in 2011/12 to 3.9 million tonnes, against a prediction of 4.2 million tonnes in a September.

That forecast is still above the 3.6 million tonnes produced in the last financial year, allowing for the jump in exports.

In a normal year, Australia typically ranks as the world's third largest raw sugar exporter behind Brazil and the European Union.

Above-average rainfall hampered harvesting last season in the tropical eastern state of Queensland, home to most of Australia's canefields, while a cyclone damaged crops in the state's north in February.

This year's harvest of stood-over cane started nearly a month early, helped by drier than normal weather in some key cane producing areas, according to ABARES.

Globally, ABARES predicts the surplus in sugar production in 2011-12 will inflate world closing stocks by 7.2 million tonnes to 64.3 million tonnes.

This would increase the stocks-to-use ratio from 35 per cent to 38 percent in 2011-12, it said.

India is forecast to export around 3.5 million tonnes of sugar in 2011-12, based on current stocks and the forecast of 2011-12 sugar production, after being a large net importer of sugar in 2009-10 and early 2010-11 A bumper harvest in the Russian Federation in 2011-12 implies that Russian sugar imports will decline by 2 million tonnes in the year, to a forecast 0.7 million tonnes, according to ABARES.

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India's sugar inventory rose 23.7 percent to 4.7 million tonnes on November 1 from a year ago, industry sources told Reuters on Monday.

November stocks are sufficient to meet about two months of domestic demand.

Sugar inventory on October 1, when the new season began, was 6.5 million tonnes against 5.0 million tonnes a year ago, they said.

Sugar mills have produced 2.2 million tonnes of sugar between October 1 and November 30, up from 1.8 million tonnes in the year ago period, the Indian Sugar Mills Association, a producers' body, said recently.

But output in the top producing state of Maharashtra is likely to miss a target of 9.3 million tonnes due to poor cane yields.

Industry and government officials estimate mills to produce 25-26 million tonnes of sugar in 2011/12, and after meeting domestic demand, about 3-4 million tonnes could be available for staggered exports.

India sugar output up

Posted by Flora Sawita Labels: 2011 News, India, Sugar

India's sugar output rose 22.2 percent in the first two months of the new season from October despite crushing delays in its top producing state, a leading industry body said on Monday, boosting the chances of more sugar exports by the government.Last month, the world's top consumer of sugar, and the biggest producer after Brazil, allowed mills to export 1 million tonnes, kicking off the overseas sales of the sweetener in the 2011/12 season.

Even though stocks are plentiful and forecasts for production remain strong, the government is expected to allow a second tranche of exports only after getting a clearer picture about total output once cane crushing gathers pace this month.Food inflation, which has been stubbornly high over the past year, softened to about 8 percent in the week ending November 19, the lowest in nearly four months.Sugar mills have produced 22.2 million tonnes of sugar between October 1 and November 30, up from 18.4 million tonnes in the year ago period.

India sugar output up

Posted by Flora Sawita Labels: 2011 News, India, Sugar

India's sugar output rose 22.2 percent in the first two months of the new season from October despite crushing delays in its top producing state, a leading industry body said on Monday, boosting the chances of more sugar exports by the government.Last month, the world's top consumer of sugar, and the biggest producer after Brazil, allowed mills to export 1 million tonnes, kicking off the overseas sales of the sweetener in the 2011/12 season.

Even though stocks are plentiful and forecasts for production remain strong, the government is expected to allow a second tranche of exports only after getting a clearer picture about total output once cane crushing gathers pace this month.Food inflation, which has been stubbornly high over the past year, softened to about 8 percent in the week ending November 19, the lowest in nearly four months.Sugar mills have produced 22.2 million tonnes of sugar between October 1 and November 30, up from 18.4 million tonnes in the year ago period.

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