The Australian Government, together with Brazil, has launched formal dispute action in the World Trade Organization (WTO) on India’s alleged sugar subsidies which has driven production and added to the global glut which has served to depress world prices and impacting their industries.
Australia – Cane crop in North Queensland suffers severe flooding in more than 20 years [Full subscriber]
Thousands of hectares of cane fields in North Queensland have been damaged by the worst flooding in more than 20 years, but it could be months before the full extent of the damage is revealed, according to local press reports.
Australia – Mossman Sugar Mill gets US$17.6 million state aid for a new biorefinery [Full subscriber]
The Queensland government recently committed AU$25 million (US$17.6 million) to establish an innovative bio-refinery that would secure the future of the Mossman Mill owned by Far Northern Milling.
Australia lodges complaint against India at the WTO over its sugar export subsidies [Full subscriber]
Australia has referred India to the World Trade Organization (WTO) over subsidies to the sugar industry which has helped it expand sugar production and contribute to the current global surplus which has seen price fall below UScents10/lb, and has adversely affected Australia’s sugar industry.
Australia – MSF Sugar’s cogen unit to fire agave fibres to produce power throughout the year [Full subscriber]
Queensland’s MSF Sugar is to expand production of blue agave (used in the production of tequila in Mexico) as a feedstock for its cogen unit during the post-harvest period, according to local press reports.
Far Northern Milling Pty Ltd is buying back the Mossman Mill after entering into an agreement with Australia’s second largest miller Mackay Sugar which is under pressure from crippling debt, according to local press reports.
Queensland Sugar will partner with Queensland Cane Growers to exploit the emerging blockchain technology to effectively show big sugar buyers how sustainably their product was grown, according to local press reports.
Australia’s second-biggest sugar miller, Mackay Sugar, is nearing a comprehensive recapitalisation plan which would see a strategic investor take a stake in the company, according to the Australian Financial Review.
Over half of the 2018 cane crop in Queensland’s Far North region between Townsville and Cairns has been adversely impacted by flooding, according to a survey by Australian sugarcane farmer’s organization CANEGROWERS.
Construction of MSF Sugar’s AU$75 million (US$58.8 mln) Tableland Green Energy Power Plant is on track for a mid-2018 completion, according to local press reports.