Full details on CropGPT 

• India:
  • Sugar production Oct 2023-Apr 15, 2024: 31.09 MMT (-0.5% YoY)
  • Operational sugar mills: 84 (down from 132 last year)
  • Favorable monsoon predictions may boost future production
  • Policy shifts expected: MSP and ethanol pricing revisions
  • Focus on excess sugarcane conversion to ethanol
  • Regional variations: Some exceed expectations, UP faces declines
• Ukraine:
  • Vinnytsia region: Increased sugar beet sowing, potential yield improvements
  • Khmelnytskyi region: Surpassed planting area target, additional production potential
• Brazil:
  • Southcentral area: Increased sugar and ethanol outputs
  • Sugar production (1st half Apr 2024): 710 MT (+31% YoY)
  • CONAB downgrade: 2023-24 estimate to 45.7 MMT (-2.6%)
  • CONAB estimate: 2024-25 production to jump 1.3% to 46.292 MMT
• Thailand:
  • Mixed sugarcane production health
  • Varied regional impacts: Exceptional yields vs. drought
  • Production (Dec 2023-Apr 17, 2024): 8.77 MMT (exceeded expectations)
• EU:
  • France: Anticipates rise in sugar beet cultivation, uncertainties due to weather and disease
  • Germany: Delayed sowing, limited expansion despite favorable prices
  • Poland: Increased sugar beet acreage expected
  • UK: Emergency permits for pesticide use, concerns remain
• Pricing:
  • Last week's sugar prices: NY (-0.19), London (-1.00)
  • Crude oil prices: 3% fall, 112-month low
  • Influence on ethanol prices and sugarcane diversion for sugar production