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.
China – Sugar industry impacted by coronavirus outbreak [Registered]
The cane industry has been impacted on a variety of fronts by the Covid-19 virus according to local press reports.
World’s first 1000 tonnes demonstration plant exploiting solar energy to produce methanol from CO2 [Full subscriber]
Researchers at the Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences have installed the world’s first demonstration project for direct solar fuel synthesis started operation in Lanzhou, China on Jan. 17, 2020. The project claims to be the world’s first for industrial production of liquid fuels from solar energy. Sited in China’s western regions where abundant solar energy will invariably be key to the project’s success.
China – National ethanol mandate of 10% suspended as corn supply drops [Full subscriber]
China has suspended its plan to implement a nationwide gasoline blend containing 10% ethanol this year following a sharp decline in the country’s corn stocks and limited production capacity of the biofuel, reported Reuters.
China’s crackdown on sugar smuggling inflicts storage headache for the Thai industry [Full subscriber]
A crackdown on sugar smuggling into China is creating a major storage problem for exporters/producers in Asia in particular, reported Reuters.
Monthly Snapshot
Market Analysis Sugar price movement along a narrow range in the recent past suggests that both fundamentals and market is not wary about any imminent developments that will raise pulse amongst traders. The net long of the Non-Index Funds fell […]
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