Latest news with #sugar
Yahoo
6 hours ago
- Business
- Yahoo
Sugar Prices Retreat on the Outlook for Higher Sugar Output in Brazil
October NY world sugar #11 (SBV25) today is down -0.40 (-2.38%), and October London ICE white sugar #5 (SWV25) is down -12.40 (-2.54%). Sugar prices today are sharply lower on the outlook for higher sugar production in Brazil. Datagro said today 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. More News from Barchart What is Watson Watching in the Grains Sector this Week? Soybean Meal Prices Are Rebounding. How Much Higher Can They Go? Brazil Coffee Harvest Pressures Hammer Prices Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. 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. Last Friday, NY sugar posted a 1.5-month high and London sugar posted a 1.75-month high, driven by signs of stronger global sugar demand. 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 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 production in India is expected to benefit from forecasts for above-normal rains during the monsoon season (June-Sep). Last Monday, the India Meteorological Department reported that India's rainfall in June was 9% above normal and forecasted above-normal rain for July. 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
6 hours ago
- Health
- The Independent
The great debate: Cane sugar vs. corn syrup
President Donald Trump — who reportedly drinks up to 12 cans of Diet Coke a day — said Wednesday that beverage giant Coca-Cola had agreed to use real cane sugar in its regular Coke. 'This will be a very good move by them — You'll see. It's just better!' Trump wrote in a Wednesday post on his Truth Social platform. The company said in a statement that it had appreciated the president's enthusiasm for the brand and that more details on 'new innovative offerings within [the] Coca‑Cola product range [would] be shared soon.' Coca-Cola is the best-selling carbonated soft drink in the U.S. Right now, Coke in the U.S. is made with high-fructose corn syrup to give it its sweet, fizzy taste. The sweetener is made from corn starch. Cane sugar is made from sugarcane, the tall, bamboo-like stalks known for their high sucrose content, and is used as the sweetener in Coke in most countries. But, is one healthier than the other? Here's what to know... Experts say cane sugar is not necessarily healthier The experts say it likely won't matter which sweetener is in Coke. Corn syrup has slightly more fructose than table sugar, or glucose. Fructose doesn't prompt the body to produce insulin, which triggers a hormone that helps us to feel full. 'Our bodies aren't going to know if that's cane sugar or high-fructose corn syrup. We just know that it is sugar and we need to break that down,' Caroline Susie, a registered dietitian nutritionist and a spokesperson for the Academy of Nutrition and Dietetics, told Health. Consuming an excessive amount of any refined sugar can lead to a higher risk of weight gain and associated chronic conditions, such as type 2 diabetes and heart disease. 'Both high-fructose corn syrup and cane sugar are about 50 percent fructose, 50 percent glucose, and have identical metabolic effects,' Dr. Dariush Mozaffarian, a cardiologist and director of the Food is Medicine Institute at the Friedman School of Nutrition Science and Policy at Tufts University, told NBC News. Soda is soda America has a sugar habit — and a penchant for ultra-processed foods — that it needs to kick, according to Mozaffarian. Soda has more than the daily recommended limit for added sugars for teens and children. Added sugar refers to sugars and syrups that are added to foods and beverages during processing and production. 'It's always better to cut down on soda, no matter what the form of sugar is,' Dr. Melanie Jay, a professor of medicine and population health at the NYU Grossman School of Medicine and director of the NYU Langone Comprehensive Program on Obesity Research, told NBC News. There's pushback Coke sold in the U.S. has been made with high fructose corn syrup since the mid-1980s. Corn was a cheaper option than cane sugar: the U.S. has a lot of corn farmers and the government has long supported the industry. Other countries, including Mexico and Australia, still use cane sugar. The company has imported glass bottles of Mexican Coke to the U.S. since 2005. Corn is the nation's number one crop, and the Corn Refiners Association President and CEO John Bode said in a statement that replacing high fructose corn syrup with cane sugar 'doesn't make sense.' 'President Trump stands for American manufacturing jobs, American farmers, and reducing the trade deficit,' he said. 'Replacing high fructose corn syrup with cane sugar would cost thousands of American food manufacturing jobs, depress farm income, and boost imports of foreign sugar, all with no nutritional benefit.' He told The Washington Post that it would be more economical to introduce a product with cane sugar than to abandon the cheap and popular high-fructose corn syrup.
Bloomberg
10 hours ago
- Business
- Bloomberg
India Plans to Allow Sugar Exports Next Season to Avoid Surplus
India may permit local mills to export sugar in the next season that starts in October as early signs suggest a bumper cane harvest, according to a person familiar with the matter. The crop looks promising across key producing regions, helped by higher acreage and ample rains, the person said, asking not to be named as the information isn't public. As local consumption is set to rise only marginally, continued higher-than-average precipitation in the current monsoon period could lead to a sugar surplus, the person said.
The National
20 hours ago
- Health
- The National
UAE sugar tax changes are a smart policy tool in the war on obesity and diseases
Sugar has been a part of Middle Eastern cuisine for more than a thousand years, first entering the region from the Indian subcontinent. When it eventually reached Europe, sometime in the Middle Ages, it transformed palettes. 'No food refuses sugar,' as one medieval Italian cookbook notes. But modern science tells us refusal – or, at least, regular abstinence – is a wise choice. In his 2016 book The Case Against Sugar, science reporter Gary Taubes compares sugar to tobacco – addictive, too easily available and detrimental to our health. Public health experts agree, and yet globally the consumption of sugary drinks, in particular, has risen in recent decades. It is little surprise, then, that so many governments have come to see sugar as a public health threat. Today, more than 100 countries levy taxes on sugar to discourage overconsumption. The UAE is one of them, having introduced a flat tax on sugar-filled soft drinks in 2017. This month, authorities announced a new, more dynamic taxation model, in which the tax level per litre on sugary beverages will be determined by the sugar level per 100ml. Under the previous flat-tax regime, all companies producing sugary beverages would pay the same amount of tax. The new model is expected to discourage companies from increasing sugar levels by making it more expensive to do so on a directly proportional basis. This system will come into effect at the beginning of next year. 'This approach incentivises manufacturers to reduce sugar levels and empowers consumers to make more informed dietary choices,' the UAE Ministry of Finance said on Friday. The dangerous consequences of excessive processed sugar by now are well-documented. They include obesity, hypertension and cardiometabolic diseases like type 2 diabetes. In the Middle East, in particular, obesity and diabetes related to diet have been a scourge on public health systems. One study by researchers at Tufts University in the US found that sugary beverages directly contributed to around 15 per cent of diabetes cases in the region. The consumption of sugary drinks has risen in recent decades The peril is worsened by the fact that a love of sugar appears to be ingrained in most people. The dopamine release from sugar intake is neurochemically comparable to the effect of opiates. Tobacco companies, masters of addiction science, understand its power; sugar has been a common additive to cigarettes for decades. In light of this, smart regulation is not only warranted, but crucial. Sugar consumption is an area where taxation has been shown to make a difference in spending habits. One 2019 study of American soft beverage consumers conducted by the University of California, Berkeley, found this to be the case. And policymakers have seen this pattern bear out in parts of the Gulf, too. In Bahrain, the introduction of a sugar tax in 2017 is thought to have contributed to an 8 per cent drop in diabetes between 2011 and 2021. Of course, taxation is not a silver bullet in the war on sugar. It is just one part of a comprehensive public health policy toolkit. Public awareness is critical to changing not only consumer behaviour, but manufacturers' corporate strategies. Since the health consequences of sugar became clear, beverage behemoths have introduced sugar-free options which have soared in popularity. It is likely to take years or even decades to kick society's sugar habit. The global war on smoking has shown that such policy battles are often long and arduous. But it is worth it for governments to remain persistent. Few rewards are sweeter, for the individual and society as a whole, than good health.
The Independent
a day ago
- Health
- The Independent
Trump's push to change Coke: Is cane sugar better for you than corn syrup?
President Donald Trump — who reportedly drinks up to 12 cans of Diet Coke a day — said Wednesday that beverage giant Coca-Cola had agreed to use real cane sugar in its regular Coke. 'This will be a very good move by them — You'll see. It's just better!' Trump wrote in a Wednesday post on his Truth Social platform. The company said in a statement that it had appreciated the president's enthusiasm for the brand and that more details on 'new innovative offerings within [the] Coca‑Cola product range [would] be shared soon.' Coca-Cola is the best-selling carbonated soft drink in the U.S. Right now, Coke in the U.S. is made with high-fructose corn syrup to give it its sweet, fizzy taste. The sweetener is made from corn starch. Cane sugar is made from sugarcane, the tall, bamboo-like stalks known for their high sucrose content, and is used as the sweetener in Coke in most countries. But, is one healthier than the other? Here's what to know... Experts say cane sugar is not necessarily healthier The experts say it likely won't matter which sweetener is in Coke. Corn syrup has slightly more fructose than table sugar, or glucose. Fructose doesn't prompt the body to produce insulin, which triggers a hormone that helps us to feel full. 'Our bodies aren't going to know if that's cane sugar or high-fructose corn syrup. We just know that it is sugar and we need to break that down,' Caroline Susie, a registered dietitian nutritionist and a spokesperson for the Academy of Nutrition and Dietetics, told Health. Consuming an excessive amount of any refined sugar can lead to a higher risk of weight gain and associated chronic conditions, such as type 2 diabetes and heart disease. 'Both high-fructose corn syrup and cane sugar are about 50 percent fructose, 50 percent glucose, and have identical metabolic effects,' Dr. Dariush Mozaffarian, a cardiologist and director of the Food is Medicine Institute at the Friedman School of Nutrition Science and Policy at Tufts University, told NBC News. Soda is soda America has a sugar habit — and a penchant for ultra-processed foods — that it needs to kick, according to Mozaffarian. Soda has more than the daily recommended limit for added sugars for teens and children. Added sugar refers to sugars and syrups that are added to foods and beverages during processing and production. 'It's always better to cut down on soda, no matter what the form of sugar is,' Dr. Melanie Jay, a professor of medicine and population health at the NYU Grossman School of Medicine and director of the NYU Langone Comprehensive Program on Obesity Research, told NBC News. There's pushback Coke sold in the U.S. has been made with high fructose corn syrup since the mid-1980s. Corn was a cheaper option than cane sugar: the U.S. has a lot of corn farmers and the government has long supported the industry. Other countries, including Mexico and Australia, still use cane sugar. The company has imported glass bottles of Mexican Coke to the U.S. since 2005. Corn is the nation's number one crop, and the Corn Refiners Association President and CEO John Bode said in a statement that replacing high fructose corn syrup with cane sugar 'doesn't make sense.' 'President Trump stands for American manufacturing jobs, American farmers, and reducing the trade deficit,' he said. 'Replacing high fructose corn syrup with cane sugar would cost thousands of American food manufacturing jobs, depress farm income, and boost imports of foreign sugar, all with no nutritional benefit.' He told The Washington Post that it would be more economical to introduce a product with cane sugar than to abandon the cheap and popular high-fructose corn syrup.
