The sugar and ethanol cooperative Tereos said it had secured a state-guaranteed loan of €230 million (US$269 million), which should help it meet challenges posed by the COVID-19 crisis, reported Reuters.
Thailand – Drought-hit cane growers granted US$318 million [Full subscriber]
With Thailand in the midst of its worst drought in four decades, cane growers are hit hard by the decline in both drop in productivity and rising production costs, placing a severe strain on their enterprise. To mitigate this, the Industry Ministry has stepped in with financial of THB10.2 billion (US$318 million).
USA – Beet grower co-operatives get US$285 million following crop damage from frost and drought [Full subscriber]
On 28th February, chairmen from the House Agriculture Committee Chairman and Senate Agriculture Appropriations Subcommittee announced that six beet sugar processing cooperatives will receive US$285 million in disaster assistance to help growers impacted by frost damage late last year as well as drought in 2018, according to local press reports.
USA – Beet growers affected by frost damage to get financial assistance from government [Registered]
In the aftermath of a frozen harvest that locked in the ground up to a third of the sugar beet crop, there’s increasing hope for some federal disaster relief to beet growers through the U.S. Department of Agriculture.
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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