The free trade agreement (FTA) between the government of the Republic of Mauritius and the government of the People’s Republic of China came into force on January 01, 2021. The FTA was signed in October 2019 in Beijing.
Covid-19 pandemic triggers fall in global ethanol production by almost 15% in 2020 [Full subscriber]
Strongly impacted by the Covid‑19 crisis, global ethanol production is anticipated to contract 14.5% to 98 billion litres in 2020 – from 115 billion litres in 2019. Around 80% of the y-o-y fall in output is in the key markets of Brazil and the United States, according to a new report by the International Energy Agency (IEA).
China – Imports of sugar syrup from Thailand increases 12-fold in 2020 [Full subscriber]
Thailand saw a 12-fold jump in its sugar syrup exports to China in 2020, according to a recent USDA attaché report.
Australian sugar exports to China likely to be hit in the current trade war [Full subscriber]
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.
North Korea imports sugar via China – barter deal – sugar for liquor – with South Korea, blocked [Full subscriber]
North Korean demand for sugar is at an all-time high, according to Chinese trade data, reported Voice of America.
China – Cane growers in Guangxi get poverty alleviation loans [Registered]
In a bid to support cane growers and sugar companies during the Covid-19 pandemic, by the end of March 2020, loans to the sugar industry made by the Bank of China Guangxi Branch increased by 73.39% compared with the previous year, according to local press reports.
China’s sugar industry panics as Beijing removes safeguard tariff [Full subscriber]
China has ignored its own sugar industry’s pleas for protection after allowing a safeguard tariff on sugar imports to lapse, according to South China Morning Post.
US ethanol shipped to China [Full subscriber]
According to three ethanol-industry sources and shipping data, a rare U.S. ethanol shipment will arrive in China before the end of May. This may be the first ethanol shipment to hit China since the two countries struck a trade deal earlier this year, reported Reuters.
China – Sugar imports tariff to drop to 50% from 85% [Full subscriber]
The Chinese government has decided not to renew a safeguard on sugar imports in place since 2017, reported Reuters.
China – Guangxi sugar industry embarks on driving competitiveness [Full subscriber]
The regional government launched a three-pronged, three-year action plan on 8th May to improve the efficiency of the Guangxi sugar industry, according to local press reports.
Monthly Snapshot
Market Overview Following a nine-month high of 15.66 cents in late November, the raw sugar futures on ICE was down to 14.30 cents/lb on 16th December. Two developments – one […]
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