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.
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.