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Latest From Christoph Berg
Germany produced 1.535 mln tonnes of beet white sugar in the first two months of the 2019/20 campaign (Sep/Aug), down from 1.551 mln tonnes in the same period a year ago, official data showed.
World raw sugar futures in New York rose to a nine-month high on Thursday helped by short-covering and tightening supplies.
Sugar exports are expected to rise to 4.5-5.0 mln tonnes in 2019/20 (Oct/Sep) after the government has announced a lump sum export subsidy, CRISIL Research said.
Sugar beet harvesting as of September 4 reached 225,300 tonnes, according to the Agriculture Ministry.
World raw sugar futures on in New York hit an 11-month low on Thursday, dropping below 11¢ as the market continues to feel the fall-out of high supplies in Asia.
World sugar markets continue to be weighed down by the huge stock overhang caused by record crops in India and Thailand.