Due to declining competitiveness of cane production amidst the loss of preferential access to the profitable EU market, in particular, cane growers are diversifying to maintain some level of profitability, according to doctoral research by Amar Singh.
DCM Shriram shares surged 4.76% to INR360 (US$5.07) after the company’s sugar unit said it commissioned 200k litres per day (KLD) distillery at Ajbapur in Uttar Pradesh on 3 December 2019.
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.
As a structural sugar exporter, El Salvadoran sugar millers have been hit low sugar prices and are now planning to diversify by expanding into cane-based biofuels production, said yesterday the president of the Sugar Association of El Salvador (AAES), Mario Salaverría, according to local press reports.
The sugar-ethanol giant Cosan is launching an application similar to Alipay, widely used in China, for payments and money transfers by smartphone, reported Bloomberg.
In a further initiative to drive to diversify its business, Raizen, the Brazilian sugar and ethanol giant, is focusing on start-ups introducing novel solutions in agritech space, reported Forbes.
UK – Medicinal cannabis grown by British Sugar processed by GW Pharmaceuticals into prescription medicine [Registered]
Cannabis plants grown in glasshouses at the British Sugar plant in Wissington will be a source of a new prescription medicine in the U.K. following the extraction of a key ingredient by a pharmaceutical company, according to local press reports.
Bangladeshi government is set to spend BDT8.09 billion (US$103,059,189) to diversify couple of sugar mills, according to local press reports citing officials of state-run Bangladesh Sugar and Food Industries Corporation (BSFIC).
Kaset Thai International Sugar Corporations (KTIS), one of the major global sugar producers is planning to diversify its business in a bid to cushion future revenues against price volatility in the global sugar market.
I well remember when I took over the editorship of the journal some 14 years ago, the global price of sugar was hovering at around 6 cents/lb, and Brazil was […]