Latest From Stefan Uhlenbrock
Despite a two-month-long lockdown, which has wreaked havoc in most other sectors in the economy, the sugar industry in Uttar Pradesh has achieved a record production.
Raw sugar futures in New York ended flat to slightly weaker as overall sentiment remained bearish.
ED&F Man Holdings Ltd. posted a profit in the first half of its fiscal year, signaling the start of a turnaround for the commodities trader that had been struggling with low sugar margins, Bloomberg reported.
Thailand's sugar mills are warning that another drought could significantly cut into output for the 2020/21 crop year, according to the Bangkok Post.
Sugar production in the week ended April 26 amounted to 74,661 tonnes, raw value, up from 37,957 tonnes in the same period a year ago, SRA data show.
The State Logistics Agency (Bulog) will supply 22,000 tonnes of sugar imported from India to ensure the availability of the commodity in the market ahead of the key Muslim holiday of Idul Fitri, according to local press reports.