The Peruvian Association of Agroindustrial Sugar and Derivatives (Perucaña) reported that the production of sugar cane in Peru, destined for the table sugar industry, totaled 10 million 88,870 metric tons (MT) in 2023. If we add the production of cane for ethanol, exceeds 12 million MT. In the case of the production of table sugar, […]
Tag: sugar
Guyana records 7% increase in rice production and 28% increase in sugar production in 2023
The government of Guyana reported this Sunday a seven percent increase in the production of rice this year, obtaining revenues of US$ 210 million and 28% in the production of sugarcompared to 2022. “In 2023 we saw an increase in rice production by seven percent, which translates into the production of 653,706 metric tons”said Agriculture […]
MEF modifies the price range for sugar, corn, rice and milk powder
The Ministry of Economy and Finance (MEF) updated the reference prices and additional variable duties, established in the Price Band System, for imports of corn, sugar, rice (shelled and milled) and powdered milk. Vice-ministerial resolution No. 020-2023-EF/15.01 establishes that the reference price for the corn It will be US$228 per metric ton (MT), while the […]
Global sugar and corn prices rebounded
The reference index of international prices of food products calculated by the Food and Agriculture Organization of the United Nations (FAO) remained largely stable in September – compared to August – as the decline in the prices of vegetable oils, dairy products (- 2.3%) and meat (-1%), in the face of the notable increase in […]
FAO: world food prices remained stable in September
The reference index of international prices of food products that calculates the FAO remained largely stable in September as the decline in the prices of vegetable oils, dairy products and meat was offset by a notable increase in those of sugar and corn, the agency reported today. The Food and Agriculture Organization (FAO) food price […]
The Cuban president describes the current sugar campaign as bad
Updated on 03/21/2022 05:56 pm President Cuban, Miguel Diaz-Caneldescribed the current harvest campaign sugar bowl as bad, but stressed that the sector, historical for the country, “cannot disappear”, in a note released by the Presidency this Monday. Díaz-Canel chaired a meeting with regional leaders of the Communist Party of Cuba (PCC, the only legal one) […]
World sugar supply deficit widens due to falling production in China
Updated on 01/19/2022 03:46 pm The balance of the world market for sugar deteriorate in the 2021-2022 season that began in October due to lower production of China, one of the world’s largest importers, broker StoneX reported. The season will see demand exceed production for the third consecutive year, said StoneX, which projected a supply […]
The Grinch spooks candy makers with sugar shortages and supply chain gaps
Orders have been steadily pouring in at Andrew Schuman’s candy cane factory this year, but business has been anything but sweet. “We are not accepting orders from new customers”Said Schuman, CEO of Hammond’s, based in Denver, Colorado. “We cannot meet the demand. “ Candy makers, like retailers and farmers, have been affected during the pandemic […]
Cuban sugar industry restructures as another bad harvest approaches
Cuba transformed 56 sugar mills into separate companies and incorporated local plantations into them in a last-ditch effort to prevent the industry from collapsing, facing a historically low harvest in its second consecutive season. By combining each mill with local plantation areas and preparing the subsidiaries of the state sugar monopoly Azcuba, the new entities […]
The reference prices of corn, sugar and powdered milk rise: milled rice remains
The Ministry of Economy and Finance (MEF) reported that the reference prices of sugar, yellow corn (the main input of the poultry market) and powdered milk will rise for October and November. Meanwhile, milled rice will maintain its price. According to Vice Ministerial Resolution No. 010-2021-EF / 15.01, published in the official newspaper El Peruano, […]