The Guyana parliament has approved an additional GY$1 billion (US$4.8 million) to support the purchase of agricultural equipment and factory upgrade amidst concerns that the state-owned Guyana Sugar Corporation (GuySuCo) company has racked up debt over GY$12 billion so far this year, according to local press reports.
Egypt – US$291 million injected in the Canal Sugar project – completion date set at 2021 [Registered]
The US$ 1 billion Canal Sugar project in the Minya state, headed by the Emirati investor Jamal Al Ghurair, signed three contracts worth EGP 5 billion (US$291.3 million) to complete the establishment of beet sugar factory complex along with agricultural production.
Brazil – Biofuels sector to get a share of U$100 million from IDB [Registered]
“At least 20 companies will receive the support,” Neto told Bloomberg. “The objective is to give access to different funding for companies focused in sustainability.”
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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