Further increase the global rate cut sugar
With the 2008/09 global sugar sugar yield reduction of the further increase in supply and demand situation and to further uncertainty, the impact of the international sugar market began gradually. Entered in March 2009, the international food Sugar By reducing cell production and the international financial crisis and oil prices, in wide oscillation pattern. Meanwhile, more and more research institutions that are continuation of the global financial crisis will directly affect the world sugar supply, and the global sugar consumption was less affected.
The following is the world's major sugar-producing country in March and since the sale of sugar production:
Brazil: the 2008/09 sugar production of Brazil's northeastern sugar cane production from the 2007/08 period, 65 million tons to 65.6 million tons. As of the end of February 2009, the region's sugar cane into juice has reached 58.5 million tons, sugar production was 3.9 million tons, Wine Sperm production is 22 million liters. 2009/10 sugar production is expected in central and southern regions of Brazil is expected to reach 540 million tons of sugarcane production, sugar production was 35 million tons, output of 30 billion liters of ethanol. Baxipuluo Kona Information Center forecast sugarcane, sugar on the Brazilian sugar for 2008/09 compared with 2007/08, the income of sugar increased by 10% to 52 billion reais (about 23.2 billion), 2009 / 10-year period, revenue is expected to sugar than sugar of 2008/09 increased by 12% to 57 billion reais (about 25.4 billion U.S. dollars).
India: Indian government The latest forecast shows that the 2008/09 sugar cane growing area in India was 4.4 million hectares (compared with 5.3 million ha), reduced by 90 million hectares, as at present, the amount of sugar into the pressing 430 million tons, down 26% over the same period last year, sugar production was 3.9 million tons, down 32% from a year earlier, the sugar cane was 8.9% (9.9% last year), down 1 percentage point is expected that the sugar of sugar production will reach 16 million tons (the last period of 26.3 million tons sugar), reduction of 10.3 million tons. Domestic sugar prices due to factors, the enthusiasm of farmers to increase sugarcane cultivation is expected to 2009/10 sugar production of sugar in India is expected to resume to 20 million tons.
One official said Indian government, the sugar cane supply because of lack of Dishen Bang, more than 80% of the sugar juice collection, currently only 30 sugar mills continue to produce, These sugar production will also end by the end of March. Period since the last sugar cane yield, sugar production continued into June. The official also pointed out that, due to lower sugarcane output and yields, the sugar yield of sugar Di Shibang only reached 4.7 million tons, compared with 2007/08, down 25% of sugar is expected to 2009/10 of India in the sugar amount of inventory carried over from the 8 million tons of the sugar down to 3 million tons.
Since the last sugar oversupply of sugar, sugar cane purchase price reduced, farmers cut sugar cane growing area, coupled with drought rain caused postponement of the sugar cane rate of decline in Maharashtra's sugar production cuts. As of March 16 Maharashtra had 118 sugar mills close pressed, and the remaining 25 also will be pressed by the end of March before the closing. So far, only Maharashtra sugar 4.45 million tons (compared with 6.5 million tons), the sugar was 11.46% (compared with 11.88%), expected in the state of the sugar of sugar production was 4.6 million tons.
As sugar cane yield per unit area is reduced and the decline in 2008/09 sugar production of sugar in India may be the sugar from the 2007/08 period fell to 15.5 million tons 26.4 million tons, down 41%, the figure also below the previous forecast of 16 million tons. Of course, will cut domestic sugar prompted the Indian government to relax restrictions on the import policy, import of sugar used to make up for gaps in the domestic sugar supply. According to another report, the Indian government may be higher than in the domestic sugar price of 25 rupees / kg, the Indian state trading company to allow duty-free import of sugar, but the current international price of sugar have been more than this price, even if the import tariffs to zero, this stage no practical possibility, let alone the past few days, the devaluation of rupee against the U.S. dollar also increased the import cost of sugar.
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