Between January and November 2018, the industry milled 23 million tonnes of cane, that is, 3% percent more than in 2017, with sugar production expected to reach 2.44 million tonnes with an increase of 9% compared to a year ago, according to the Sugar Cane Growers Association of Colombia (Asocaña).
Colombia – Over million tonnes of cane-bagasse converted into paper [Full subscriber]
The paper and paper products company Carvajal Pulpa y Papel annually converts around 1,100,000 tonnes of cane bagasse into paper, according to local press reports. This represents less than 30% of the bagasse produced at the country’s mills.
Colombia – Ethanol blending mandate increased to 10% [Full subscriber]
Colombia’s Ministry of Mines and Energy raised blending of ethanol in the gasoline mixture from 8% to 10% on 1st March.
Ecuador to impose a tariff of 15% on sugar imports from Colombia [Registered]
Ecuador’s Ministry of Foreign Trade is to introduce a tariff of 15% for Colombian sugar beyond the preferential access of 30, 000 tonnes, according to local press reports.
Ecuador decries sugar smuggled from Colombia [Registered]
So far this year 70,000 tons of sugar from Colombia have been illegally imported into Ecuador said the National Union of Sugarcane Growers of Ecuador (UNCE), according to local press reports.
UK – Non-centrifuged sugar from Colombia sold at US$14/kg [Registered]
The British supermarket Sainsbury’s will be selling across its 284 stores the organically produced non-centrifuged sugar from Colombia in 200 g pouches for £2.20 (US$14/kg).
Colombia – Tariff on sugar imports reduced by 5% [Registered]
The Colombian government reduced the tariff on imported sugar by 5%, from 15 to 10%.
Colombia – Policy incentives drives cogen output
Asocaña notes that the expansion in output has been due to combination of: investment in equipment (new or enhancement of existing boilers and better use of steam) and public policies that incentivised the production of bioelectricity.
Colombia – Regulator fines sugar producer US$112 for anti-competitive practices [Registered]
The regulator fined 14 companies for conspiring to block sugar imports from Bolivia, Guatemala, El Salvador and Costa Rica. Fourteen company executives were also fined, the regulator said in an e-mailed statement, reports Bloomberg.
Colombia – Price fixing sugar cartel exposed [Registered]
A five-year investigation revealed that Colombian sugar producers not only dictated consumer prices but also implemented strategies to distribute clients among themselves, and thus prevent new investment and competitors from entering the market.
Monthly Snapshot
Market overview The perception in the market that swing in fundamentals is on the cards probably explains the gain in raw sugar prices by 4% to 13.09 cents/lb on 15th […]
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