Australian motorists are continuing to shun biofuels against global trends. A report commissioned by APAC Biofuel Consultants found biofuel demand in Australia fell in 12 months.
The deterioration of Sino-Australian relations ignited by Prime Minister Scott Morrison’s call for an inquiry into the origins of coronavirus, which was identified in the Chinese city of Wuhan, has disrupted exports worth up to US$19 billion on a range of goods to date, according to various press reports.
After 135 years, one of Bundaberg oldest mills is closing down. Bingera Mill is closing down after its owner Bundaberg Sugar Limited (BSL) announced on 24th October that it is rationalizing its operations due to significant drop in cane supply.
On September 22, 2020, the Office of the United States Trade Representative (USTR) announced additional Fiscal Year (FY) 2020 (ending September 30, 2020) in-quota quantities of the tariff-rate quota (TRQ) for imported raw cane sugar for Brazil and Australia.
The Isis Central Sugar Mill (ICSM) board has ended a deal with a Pakistani sugar group to buy a controlling share of the business, according to local press reports.
Australia – MSF Sugar sells cane farms (5409 ha) that will be converted into macadamia orchards [Full subscriber]
Rural Funds Group has struck an AU$81.1 million (US$57.7 million) deal to acquire 5409 hectares of sugarcane farms in Maryborough, Queensland from the Thai-owned MSF Sugar with plans to convert them over time into macadamia orchards.
The dispute settlement panel of the World Trade Organisation is unlikely to come out with its report on a case against India’s support measures for the sugar sector before the second quarter of 2021 on account of “complex procedural and factual nature of the disputes”, the WTO said in a press release on 29th April.
Widespread rain across key cane- growing regions – up to 800mm recorded in parts of north-east Australia – has strengthened yield prospects for the incoming 2020 crush, says Rabobank in its Q1 report. Though the risk of cyclones and floods cannot be discounted.
Isis Central Sugar Mill shareholders voted overwhelmingly to accept a proposal from the Pakistan-based sugar producer Almoiz Group to acquire a majority interest.
Australia – Finasucre diversifies – purchasing a macadamia nuts plantation for US$41 million [Full subscriber]
The Belgian sugar company Finasucre has acquired Australia’s largest portfolio of macadamia orchards in a deal worth almost AU$60 million (US$41.2 million) in a bid to diversify, according to local press reports.