Latest news with #ISMA
Yahoo
2 hours ago
- Business
- Yahoo
Sugar Prices Follow Crude Oil Prices Higher
October NY world sugar #11 (SBV25) today is up +0.13 (+0.79%), and October London ICE white sugar #5 (SWV25) is up +0.20 (+0.045%). Sugar prices are moving higher for a second day today, with NY sugar posting a 1-week high. Strength in crude prices is supporting gains in sugar with WTI crude oil (CLU5) up more than +1% to a 1-week high, which benefits ethanol prices and may prompt the world's sugar mills to divert cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies. More News from Barchart Coffee Prices Sharply Higher on Weather and Tariff Concerns in Brazil Corn Bulls Are Bending, Not Breaking: What to Watch in Grain Futures This Week Adverse Brazilian Weather and Tariff Concerns Boost Coffee Prices Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Signs that the recent slide in sugar prices to 4-year lows has sparked a pickup in demand are positive for sugar prices. China's June sugar imports soared by 1,435% to 420,000 MT. Also, President Trump last Wednesday said Coca-Cola agreed to use cane sugar in Coke beverages sold in the US instead of high-fructose corn syrup, which could boost US sugar consumption by +4.4% to 11.5 MMT from 11 MMT currently, according to Bloomberg Intelligence. Last Wednesday, sugar prices fell to 3-week lows after Bloomberg reported that India may permit local sugar mills to export sugar in the next season, which starts in October, as abundant monsoon rains may produce a bumper sugar crop. India's Meteorological Department reported Monday that cumulative monsoon rain in India is at 440.1 mm, or 8% above normal as of July 27. The outlook for higher sugar production in Brazil is bearish for sugar prices. Datagro said Monday that dry weather in Brazil has encouraged the country's sugar mills to increase their cane crushing, diverting more of the cane crush toward more profitable sugar production rather than ethanol. According to Covrig, Brazil's sugar mills are expected to crush 54% of the available cane in the first half of this month, likely adding 3.2 MMT of sugar into the market. The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices. On June 2, India's National Federation of Cooperative Sugar Factories projected that India's 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage. That would follow a -17.5% y/y decline in India's sugar production in 2024/25 to a 5-year low of 26.2 MMT, according to the Indian Sugar Mills Association (ISMA). Also, the ISMA reported on July 7 that India's sugar production during Oct 1-May 15 fell -17% y/y to 25.74 MMT. Sugar prices have retreated over the past three months, with NY sugar falling to a 4.25-year low earlier this month and London sugar sliding to a nearly 4-year low, driven by expectations of a sugar surplus in the 2025/26 season. On June 30, commodities trader Czarnikow projected a 7.5 MMT global sugar surplus for the 2025/26 season, the largest surplus in 8 years. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% y/y to a record 189.318 MMT, with global sugar ending stocks at 41.188 MMT, up 7.5% y/y. Sugar prices also have support from reduced sugar production in Brazil. Unica reported last Monday that the cumulative 2025/26 Brazil Center-South sugar output through June fell by -14.3% y/y to 12.249 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell by -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. The outlook for higher sugar production in Thailand is bearish for sugar prices. On May 2, Thailand's Office of the Cane and Sugar Board reported that Thailand's 2024/25 sugar production rose +14% y/y to 10.00 MMT. Thailand is the world's third-largest sugar producer and the second-largest exporter of sugar. The International Sugar Organization (ISO) raised its 2024/25 global sugar deficit forecast to a 9-year high of -5.47 MMT on May 15, up from a February forecast of -4.88 MMT. This indicates a tightening market following the 2023/24 global sugar surplus of 1.31 MMT. ISO also cut its 2024/25 global sugar production forecast to 174.8 MMT from a February forecast of 175.5 MMT. The USDA, in its bi-annual report released May 22, projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT and that global 2025/26 human sugar consumption would increase +1.4% y/y to a record 177.921 MMT. The USDA also forecasted that 2025/26 global sugar ending stocks would climb +7.5% y/y to 41.188 MMT. The USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025/26 sugar production would rise +2.3% y/y to a record 44.7 MMT FAS predicted that India's 2025/26 sugar production would rise +25% y/y to 35.3 MMT due to favorable monsoon rains and increased sugar acreage. FAS predicted that Thailand's 2025/26 sugar production will climb +2% y/y to 10.3 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Sugar Prices Supported by Strength in Crude Oil
October NY world sugar #11 (SBV25) today is up +0.08 (+0.49%), and October London ICE white sugar #5 (SWV25) is up +1.30 (+0.28%). Sugar prices are rising today as a rally in crude oil prices has sparked short covering in sugar futures. WTI crude oil (CLU5) is up more than +2% today to a 1-week high, which benefits ethanol prices and may prompt the world's sugar mills to divert cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies. More News from Barchart Does the 2025 Corn Crop Have a Pollination Problem? Weather Shocks vs. Oversupply: Are You Trading SRW Wheat's Next Big Move? Adverse Brazilian Weather and Tariff Concerns Boost Coffee Prices Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Last Wednesday, sugar prices fell to 3-week lows after Bloomberg reported that India may permit local sugar mills to export sugar in the next season, which starts in October, as abundant monsoon rains may produce a bumper sugar crop. India's Meteorological Department reported Monday that cumulative monsoon rain in India is 6% above normal as of July 21. The outlook for higher sugar production in Brazil is bearish for sugar prices. Datagro said Monday that dry weather in Brazil has encouraged the country's sugar mills to increase their cane crushing, diverting more of the cane crush toward more profitable sugar production rather than ethanol. According to Covrig, Brazil's sugar mills are expected to crush 54% of the available cane in the first half of this month, likely adding 3.2 MMT of sugar into the market. The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices. On June 2, India's National Federation of Cooperative Sugar Factories projected that India's 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage. That would follow a -17.5% y/y decline in India's sugar production in 2024/25 to a 5-year low of 26.2 MMT, according to the Indian Sugar Mills Association (ISMA). Also, the ISMA reported on July 7 that India's sugar production during Oct 1-May 15 fell -17% y/y to 25.74 MMT. Sugar prices have retreated over the past three months, with NY sugar falling to a 4.25-year low earlier this month and London sugar sliding to a nearly 4-year low, driven by expectations of a sugar surplus in the 2025/26 season. On June 30, commodities trader Czarnikow projected a 7.5 MMT global sugar surplus for the 2025/26 season, the largest surplus in 8 years. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% y/y to a record 189.318 MMT, with global sugar ending stocks at 41.188 MMT, up 7.5% y/y. Signs that the recent slide in sugar prices to 4-year lows has sparked a pickup in demand are positive for sugar prices. China's June sugar imports soared by 1,435% to 420,000 MT. Also, President Trump last Wednesday said Coca-Cola agreed to use cane sugar in Coke beverages sold in the US instead of high-fructose corn syrup, which could boost US sugar consumption by +4.4% to 11.5 MMT from 11 MMT currently, according to Bloomberg Intelligence. Sugar prices also have support from reduced sugar production in Brazil. Unica reported last Monday that the cumulative 2025/26 Brazil Center-South sugar output through June fell by -14.3% y/y to 12.249 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell by -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. The outlook for higher sugar production in Thailand is bearish for sugar prices. On May 2, Thailand's Office of the Cane and Sugar Board reported that Thailand's 2024/25 sugar production rose +14% y/y to 10.00 MMT. Thailand is the world's third-largest sugar producer and the second-largest exporter of sugar. The International Sugar Organization (ISO) raised its 2024/25 global sugar deficit forecast to a 9-year high of -5.47 MMT on May 15, up from a February forecast of -4.88 MMT. This indicates a tightening market following the 2023/24 global sugar surplus of 1.31 MMT. ISO also cut its 2024/25 global sugar production forecast to 174.8 MMT from a February forecast of 175.5 MMT. The USDA, in its bi-annual report released May 22, projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT and that global 2025/26 human sugar consumption would increase +1.4% y/y to a record 177.921 MMT. The USDA also forecasted that 2025/26 global sugar ending stocks would climb +7.5% y/y to 41.188 MMT. The USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025/26 sugar production would rise +2.3% y/y to a record 44.7 MMT FAS predicted that India's 2025/26 sugar production would rise +25% y/y to 35.3 MMT due to favorable monsoon rains and increased sugar acreage. FAS predicted that Thailand's 2025/26 sugar production will climb +2% y/y to 10.3 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. 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Hindustan Times
2 days ago
- Automotive
- Hindustan Times
India achieves 20% ethanol blending target 5 years ahead of schedule: ISMA
India has achieved its target of 20 per cent ethanol blending with petrol five years ahead of schedule, the Indian Sugar & Bio-energy Manufacturers Association (ISMA) said. In a statement, ISMA said that this achievement represents dramatic growth from the modest 1.5 per cent blending rate when the program began in 2014. It also claimed that the ethanol blending program has delivered substantial economic and environmental benefits. PTI has reported that ethanol production surged from 38 crore litres in 2014 to 661 crore litres blended as of June 2025, while generating 698 lakh tonnes in carbon dioxide emission reductions. The program has provided significant financial benefits to India's agricultural sector, with farmers receiving ₹1.18 lakh crore and distilleries earning ₹1.96 lakh crore over the period, claimed ISMA. The initiative has also helped India save ₹1.36 lakh crore in foreign exchange costs. "This achievement is a monumental leap for India's energy independence and rural prosperity," said Deepak Ballani, Director General of ISMA, while also adding, "The government's unwavering policy direction and visionary leadership have not only made this national success possible five years ahead of schedule but have also set a powerful precedent for our collective future in green energy." Also check these Cars Find more Cars UPCOMING Indian FTR 1200 1203 cc 1203 cc ₹ 16.30 - 16.50 Lakhs Alert Me When Launched Indian Scout Bobber 1133 cc 1133 cc 25 kmpl 25 kmpl ₹ 17.17 Lakhs Compare View Offers Indian Roadmaster 1890 cc 1890 cc 20 kmpl 20 kmpl ₹ 43.49 Lakhs Compare View Offers UPCOMING Indian Chief Classic 1811.0 cc 1811.0 cc 20.0 kmpl 20.0 kmpl ₹ 21.30 Lakhs Alert Me When Launched Indian 2025 Challenger 1768 cc 1768 cc 18 kmpl 18 kmpl ₹ 36.12 Lakhs Compare View Offers Yamaha MT-15 V2 155.0 cc 155.0 cc 56.87 kmpl 56.87 kmpl ₹ 1.70 Lakhs Compare View Offers The sugar industry has played a central role in India's ethanol economy, supplying biofuel derived from sugarcane juice, B-heavy molasses and other agricultural by-products, ISMA said. The early achievement of the 20 per cent blending target, originally set for 2030, demonstrates India's commitment to reducing dependence on fossil fuel imports while supporting rural economic development, the industry association added. Ethanol is blended with petrol to reduce the pollutant-emitting properties of the fossil fuel. Keeping pace with this development, automakers in the Indian automobile market too have been making engines that are compatible with the E20 petrol, which has 20 per cent ethanol blended. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date:
News18
3 days ago
- Business
- News18
Ethanol Milestone: India Reaches 20% Blending Target Five Year Early Ahead Of 2030 Goal
Last Updated: India met its goal of blending 20% ethanol with petrol five years early, ISMA announced. India has met its target of blending 20% ethanol with petrol—five years ahead of schedule, the Indian Sugar & Bio-energy Manufacturers Association (ISMA) announced on Friday, according to PTI report. The milestone marks a major leap from the 1.5% blending rate recorded in 2014, when the program was launched under Prime Minister Narendra Modi's government, as per PTI report quoted ISMA's statement. The ethanol blending initiative has delivered strong economic and environmental gains. Ethanol production has jumped from 38 crore litres in 2014 to 661 crore litres blended by June 2025. This has helped cut carbon dioxide emissions by 698 lakh tonnes, ISMA noted. The program has also boosted rural incomes and reduced India's energy import bill. Farmers have earned Rs 1.18 lakh crore, while distilleries have made Rs 1.96 lakh crore since the program began. In addition, the country has saved Rs 1.36 lakh crore in foreign exchange expenses. What Is Ethanol Blended Petrol (EBP) Programme Government has been implementing Ethanol Blended Petrol (EBP) Programme wherein OMCs sell petrol blended with ethanol up to 20%. This Programme is being implemented across the country to promote the use of alternative and environment friendly fuels. This intervention also seeks to reduce import dependence for energy requirements and give boost to agriculture sector. Ethanol blending by Public Sector Oil Marketing Companies (OMCs) has increased from 38 crore litre in Ethanol Supply Year 2013-14 (ESY – currently defined as ethanol supply period from 1stNovember of a year to 31st October of the following year) to 707crore litre achieving average blending of 14.60%in ESY 2023-24. Due to the visibility provided by the Government under EBP Programme, investments have happened across the country in the form of network of greenfield and brownfield distilleries, storage and logistics facilities apart from employment opportunities and sharing of value within the country among various stakeholders. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
4 days ago
- Business
- Time of India
India achieves 20% ethanol blending target 5 years ahead of schedule: ISMA
India has achieved its target of 20 per cent ethanol blending with petrol five years ahead of schedule, the Indian Sugar & Bio-energy Manufacturers Association (ISMA) said on Friday. The achievement represents dramatic growth from the modest 1.5 per cent blending rate when the program began in 2014 under Prime Minister Narendra Modi's administration, ISMA said in a statement. The ethanol blending program has delivered substantial economic and environmental benefits, according to ISMA data. Ethanol production surged from 38 crore litres in 2014 to 661 crore litres blended as of June 2025, while generating 698 lakh tonnes in carbon dioxide emission reductions. The program has provided significant financial benefits to India's agricultural sector, with farmers receiving Rs 1.18 lakh crore and distilleries earning Rs 1.96 lakh crore over the period. The initiative has also helped India save Rs 1.36 lakh crore in foreign exchange costs. "This achievement is a monumental leap for India's energy independence and rural prosperity," said Deepak Ballani, Director General of ISMA. "The government's unwavering policy direction and visionary leadership have not only made this national success possible five years ahead of schedule but have also set a powerful precedent for our collective future in green energy." The sugar industry has played a central role in India's ethanol economy, supplying biofuel derived from sugarcane juice, B-heavy molasses and other agricultural by-products, ISMA said. The early achievement of the 20 per cent blending target, originally set for 2030, demonstrates India's commitment to reducing dependence on fossil fuel imports while supporting rural economic development, the industry association added.>
