Higher Supplies Keeping Sugar Prices in Check India’s sugar production reached 10.3 MMT as of 31 December 2017, a 25.36 percent increase from the total 8.2 MMT on the same date in 2016. It totaled 3.8 MMT in Maharashtra, 3.33 MMT in Uttar Pradesh and 1.62 MMT in Karnataka. This boost corresponds with the higher number of mills in operation, which total almost 485 against 441 the previous year. Meanwhile, sugar prices increased 2.37 percent in the first three days of the New Year before then declining again due to lack of buyers. The higher production and arrivals in the market as well as an overall larger supply will likely keep prices in check.
Opening stocks of 3.88 MMT, production of 25.1 MMT and 0.2 MMT produced from imported...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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