Episode Summary: Global Sugar Market Highlights for September 15, 2024

• Moldova: Considering subsidies for sugar beet farmers due to drought and high production costs. 60% of beet land is at risk, with potential economic losses of 200 million Lei ($11.5 million USD).
• Ukraine: Negotiating duty-free sugar export quotas with the EU. Producing 1.55 million tons of sugar against domestic needs of 0.95 million tons. Quota distribution may favor larger producers.
• United Kingdom: Reforms in the sugar beet industry for improved crop access, better beet trials, and data transparency. SesVanderHave leads advancements in seed breeding.
• Brazil: Facing dry weather and wildfires, especially in São Paulo, lowering cane yields and disrupting production. A modest global sugar surplus of 650,000 tons is still expected, but prices could rise.
• India: Extending sugar export ban for another year to meet domestic needs and boost ethanol production. Reduced cane yields and focus on 20% ethanol blending by 2025 could tighten global sugar supplies.

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