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Latest From Stefan Uhlenbrock
Raw sugar futures in New York fell sharply on Monday, pressured by ample global supplies, the weak Brazilian currency and rumours about Indian export incentives.
Indonesia is targeting production of 3.8 mln tonnes of white sugar in 2019, said Agriculture Ministry Plantations director Bambang.
The state logistics agency Bulog has a contract to import 60,000 tonnes of raw sugar for its Gendhis Multi Manis sugar mill, chief executive Budi Waseso said.
Sugar futures traded on the Zhengzhou Commodity Exchange rose 1.6% to CNY4,985 (USD727.99) per tonne on Thursday, amid worries that two incoming typhoons could damage the country's cane crop.
Sugar production in the week ended September 1 amounted to 15,518 tonnes, raw value, compared with 15,108 tonnes produced in the same period a year ago.