Latest news with #ISMA
Yahoo
2 days ago
- Business
- Yahoo
Sugar Prices Supported by News of Increased Pakistan Sugar Imports
July NY world sugar #11 (SBN25) Friday closed up +0.22 (+1.39%), and August London ICE white sugar #5 (SWQ25) closed down -7.30 (-1.51%). Sugar prices on Friday settled mixed. Short covering emerged in sugar futures on Friday after Pakistan's government announced plans to import 250,000 metric tons of raw sugar due to a disappointing sugarcane harvest. The dollar's weakness (DXY00) on Friday also prompted some short covering in sugar futures. Drought Conditions Are Setting In. How Much Higher Can Wheat Prices Go? Coffee Prices Sharply Lower as Global Supply Concerns Ease Cocoa Prices Plunge as Beneficial Rain in West Africa Boosts Crop Conditions Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Sugar prices have fallen over the past 3-months and posted 4-year nearest-futures lows on Wednesday due to expectations of a global sugar surplus. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% year-over-year (y/y) to a record 189.318 million metric tons (MMT), with a global sugar surplus of 41.188 MMT, up 7.5% year-over-year. 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. The outlook for abundant rainfall in India could lead to a bumper sugar crop, which is bearish for prices. On April 15, India's Ministry of Earth Sciences projected an above-normal monsoon this year, with total rainfall forecast to be 105% of the long-term average. India's monsoon season runs from June through September. Signs of larger global sugar output are negative for prices. On May 22, 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. Also, India's 2025/26 sugar production is projected to rise +25% y/y to 35.3 MMT, citing favorable monsoon rains and increased sugar acreage. In addition, Thailand's 2025/26 sugar production is expected to climb +2% y/y to 10.3 MMT. In a bearish factor, the Indian government said on January 20 that it would allow its sugar mills to export 1 MMT of sugar this season, easing the restrictions placed on sugar exports in 2023. India has restricted sugar exports since October 2023 to maintain adequate domestic supplies. India allowed mills to export only 6.1 MMT of sugar during the 2022/23 season to September 30 after allowing exports of a record 11.1 MMT in the previous season. However, the ISMA projects that India's 2024/25 sugar production will fall -17.5% y/y to a 5-year low of 26.2 MMT. Also, the ISMA reported last Monday that India's sugar production from Oct 1-May 15 was 25.74 MMT, down -17% from the same period last year. In addition, Indian Food Secretary Chopra said on May 1 that India's 2024/25 sugar exports may only total 800,000 MT, below earlier expectations of 1 MMT. 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. Sugar prices have some support from reduced sugar production in Brazil. Unica reported Monday that cumulative 2025/26 Brazil Center-South sugar output through May is down by -11.6% y/y to 6.954 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. 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. 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
Yahoo
2 days ago
- Business
- Yahoo
Sugar Prices Rebound as Pakistan Seeks to Boost Sugar Imports
July NY world sugar #11 (SBN25) today is up +0.18 (+1.13%), and August London ICE white sugar #5 (SWQ25) is down -7.50 (-1.55%). Sugar prices today are mixed. Short covering emerged in sugar futures today after Pakistan's government announced that it plans to import 250,000 metric tons of raw sugar due to a disappointing sugarcane harvest. Dollar weakness (DXY00) today has also prompted some short covering in sugar futures. Sugar Futures Remain Bearish- Can the Sweet Commodity Rally? Drought Conditions Are Setting In. How Much Higher Can Wheat Prices Go? Coffee Prices Sharply Lower as Global Supply Concerns Ease Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Sugar prices have fallen over the past 3-months and posted 4-year nearest-futures lows on Wednesday due to expectations of a global sugar surplus. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% year-over-year (y/y) to a record 189.318 million metric tons (MMT), with a global sugar surplus of 41.188 MMT, up 7.5% year-over-year. 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. The outlook for abundant rainfall in India could lead to a bumper sugar crop, which is bearish for prices. On April 15, India's Ministry of Earth Sciences projected an above-normal monsoon this year, with total rainfall forecast to be 105% of the long-term average. India's monsoon season runs from June through September. Signs of larger global sugar output are negative for prices. On May 22, 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. Also, India's 2025/26 sugar production is projected to rise +25% y/y to 35.3 MMT, citing favorable monsoon rains and increased sugar acreage. In addition, Thailand's 2025/26 sugar production is expected to climb +2% y/y to 10.3 MMT. In a bearish factor, the Indian government said on January 20 that it would allow its sugar mills to export 1 MMT of sugar this season, easing the restrictions placed on sugar exports in 2023. India has restricted sugar exports since October 2023 to maintain adequate domestic supplies. India allowed mills to export only 6.1 MMT of sugar during the 2022/23 season to September 30 after allowing exports of a record 11.1 MMT in the previous season. However, the ISMA projects that India's 2024/25 sugar production will fall -17.5% y/y to a 5-year low of 26.2 MMT. Also, the ISMA reported last Monday that India's sugar production from Oct 1-May 15 was 25.74 MMT, down -17% from the same period last year. In addition, Indian Food Secretary Chopra said on May 1 that India's 2024/25 sugar exports may only total 800,000 MT, below earlier expectations of 1 MMT. 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. Sugar prices have some support from reduced sugar production in Brazil. Unica reported Monday that cumulative 2025/26 Brazil Center-South sugar output through May is down by -11.6% y/y to 6.954 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. 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. 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
Yahoo
4 days ago
- Business
- Yahoo
Sugar Prices Slump to 4-Year Lows as the Global Supply Outlook Improves
July NY world sugar #11 (SBN25) today is down -0.15 (-0.93%), and August London ICE white sugar #5 (SWQ25) is up +3.50 (+0.75%). Sugar prices today extended their 3-month-long slide and posted 4-year nearest-futures lows. The outlook for improving global sugar supplies is weighing on prices. However, fund short covering lifted London sugar off its lows today and into positive territory. Coffee Prices Pressured by Rain in Brazil Grains, Unrest, & Gold: What Middle East Tensions Mean for Your Portfolio Now West African Rain Benefits Cocoa Crops and Undercut Prices Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Sugar prices have fallen over the past 3-months due to expectations of a global sugar surplus. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% year-over-year (y/y) to a record 189.318 million metric tons (MMT), with a global sugar surplus of 41.188 MMT, up 7.5% year-over-year. 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. The outlook for abundant rainfall in India could lead to a bumper sugar crop, which is bearish for prices. On April 15, India's Ministry of Earth Sciences projected an above-normal monsoon this year, with total rainfall forecast to be 105% of the long-term average. India's monsoon season runs from June through September. Signs of larger global sugar output are negative for prices. On May 22, 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. Also, India's 2025/26 sugar production is projected to rise +25% y/y to 35.3 MMT, citing favorable monsoon rains and increased sugar acreage. In addition, Thailand's 2025/26 sugar production is expected to climb +2% y/y to 10.3 MMT. In a bearish factor, the Indian government said on January 20 that it would allow its sugar mills to export 1 MMT of sugar this season, easing the restrictions placed on sugar exports in 2023. India has restricted sugar exports since October 2023 to maintain adequate domestic supplies. India allowed mills to export only 6.1 MMT of sugar during the 2022/23 season to September 30 after allowing exports of a record 11.1 MMT in the previous season. However, the ISMA projects that India's 2024/25 sugar production will fall -17.5% y/y to a 5-year low of 26.2 MMT. Also, the ISMA reported last Monday that India's sugar production from Oct 1-May 15 was 25.74 MMT, down -17% from the same period last year. In addition, Indian Food Secretary Chopra said on May 1 that India's 2024/25 sugar exports may only total 800,000 MT, below earlier expectations of 1 MMT. 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. Sugar prices have some support from reduced sugar production in Brazil. Unica reported Monday that cumulative 2025/26 Brazil Center-South sugar output through May is down by -11.6% y/y to 6.954 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. 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. 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 while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Hindu
09-06-2025
- Politics
- The Hindu
Private school managements threaten to withhold admissions until payment of pending fee reimbursement
Private unaided school managements' associations in Andhra Pradesh have said they will withhold admissions under Section 12 (1) (C) of the Right of Children to Free and Compulsory Education Act, 2009, until the government implements the provisions of the Act in letter and spirit. The clause mandates unaided private schools to reserve 25% of their entry-level seats for children belonging to the economically weaker section and disadvantaged groups. In a letter addressed to the State Project Director of Samagra Shiksha, representatives of various associations like Independent Schools' Management Association (ISMA) and Andhra Pradesh Private Unaided Schools' Management Association said they were not against implementation of the Act, but insisted that it be done in its true spirit. They said, along with Section 12 (1) (C), Section 12 (2) of the Act, which mandates determining the per-child expenditure (PCE) incurred by the State government as per the rules and reimbursing either the school fee or the PCE, whichever is lower, as clearly stipulated in the RTE Rules (G.O. Ms. No. 20, Section 10), should be implemented. They also raised the issue of ineligible applicants (who are not underprivileged as defined in the Rules) securing admissions, possibly by using others' Aadhar cards, leading to altered residence and income details. They said, besides violation of the rule pertaining to the distance of the selected school from the applicant's residence, there were issues of incorrect date of birth entries, misuse of caste category, sibling category being claimed through cousin's children, misuse of orphan category through grandparents' details and multiple applications. 'It is unfortunate that schools are being pressured to admit every allotted student without undergoing proper verification process,' said ISMA president K. Sreekanth Babu. He pointed out that schools had not received any fee reimbursement from the State government for Section 12 (1) (C ) admissions over the past three years, and that as per the rules, fee reimbursement should be paid directly to the school's account in two instalments — in September and January every year. The representatives were upset that the authorities concerned had not yet determined, or notified the fee reimbursement for the upcoming academic year 2025-26, which should have been done prior to admissions as per the Act and Rules. They clarified that they were unwilling and unable to admit the allotted students without proper verification and until the fee reimbursement was duly notified and implemented as per Section 12 (2) of the Act and Section (1) of the RTE rules. They said they would also be unable to continue accommodating students admitted in their respective schools under this Act unless payment of the pending fees was made to them.
Scottish Sun
08-06-2025
- Automotive
- Scottish Sun
Porsche unveils road-legal hypercar 50 years after original won world titles – but there's a catch
The new motor features significant changes from the original race-winner CARN'T BELIEVE IT Porsche unveils road-legal hypercar 50 years after original won world titles – but there's a catch Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) PORSCHE has shocked the motoring world by unveiling a new road legal hypercar. What's more is that it's spun off the a motor that's won multiple endurance racing world titles - but there's a catch. Sign up for Scottish Sun newsletter Sign up 2 Porsche has revealed a new road legal hypercar Credit: PA 2 It's based on a trailblazing motor that won multiple endurance racing titles Credit: PA The Porsche 963 RSP is unlike anything you can currently purchase - because only one has been made. It's a version of the manufacturers WEC and ISMA championship winning machine. And it's been built to mark 50 years since Count Rossi drove the trailblazing Porsche 917 from Zuffenhausen to Paris. Like that all-conquering motor, this one's been made road legal. Porsche's North American boss Timo Resch said: "How could we reimagine the 917's story in today's time? "The 917 from the story was every inch a race car – albeit one driven on the road – and we took the same approach with the 963 RSP. "It uses beautiful materials of the best quality available, but is still every bit a race car underneath." The 963 features significant changes over the car on which its based. In terms of the engine, the carmaker had to allow the 4.5-litre, twin-turbo V8 hybrid to run on regular unleaded rather than race fuel. While not an easy undertaking, the 918 Spyder-derived V8, e-motor and battery combo delivers a whopping 671bhp. Inside Taycan Turbo GT Porsche that can hit 200mph as SunSport's Isabelle Barker is taken for a spin by Formula E safety car driver The road height was also adjusted to make it suitable for general roads and the dampers softened. The control unit was reprogrammed too to allow for the headlights and taillights to operate closer to those of a motor on the road. But its the interior that departs most from the original race car. In the entirely bespoke cabin, you'll find soft tan leather with a single piece driver's seat clad with additional cushioning and a fixed headrest. You'll find a special panel next to the driver that stores the steering wheel as well as a helmet and car aficionados will spot the nods to the 917. The biggest tribute comes in the form of the exterior colour that's the same 'Martini Silver' as Count Rossi's 917. This one's been painted too, a unique challenge because of the carbon fibre and Kevlar bodywork. The bodywork also had to be modified to cover the wheel arches, headlights and tail lights added as well as closed-off banking plates on the rear wing and mounting points for the license plates. An enamel Porsche badge can be found on the nose and proper wet road tyres wrapped around 18 inch racing wheels. ONE-OF-A-KIND 'SPECIAL' MOTOR The 963 RSP gets its name from the involvement of American auto racing team owner Roger Searle Penske on the project. Resch explained he called on Penske for "support" in the car's construction, with the racing expert ensuring the classic race car's character was not changed for the new model. The Porsche boss said that as Penske's involvement increased, the company realised he would be the perfect, and only, customer for the car. So while it was never intended to be a fully road-legal 963, Porsche received an exemption from the EPA in the US as it understood "how special" the car is. Despite this, it is not a fully road-registered car - and it needed special dispensation to run in France at the Le Mans 24hr weekend. For now, the car is expected to remain one-of-a-kind, with a Porsche spokesperson telling Top Gear that wide-scale selling would "change the character" of the iconic motor.
