Sugar production in 2019 is forecast to rise by 15% to 1,294,600 tonnes, according to the executive director of the Peruvian Association of Agroindustrial Sugar and Derivatives (APAAD), Diego Cateriano.
Australian sugar industry welcomes free-trade deal with Peru [Registered]
Australia and Peru on 10th November signed a free trade pact at the APEC (Asia-Pacific Economic Cooperation) summit in Vietnam that will eliminate 99% of tariffs Australian exporters face in Peru, reported Reuters.
Peru – Gloria Peruvian group invests in new sugar plant [Registered]
Gloria Group entered the Peruvian sugar and ethanol market in 2006, when it created the Coazucar (Sugar Corporation of Peru), currently responsible for 40% of the domestic market and 60% of exports. The group also has plants in Ecuador and Argentina. It produces 3700 tons of sugar per day and 700,000 litres of ethanol per day.
Peru loses WTO appeal against Guatemala over agricultural import levy [Registered]
Peru imposes an extra import levy on sugar, rice, corn, and dairy products when international prices fall below a certain level, a system that Guatemala said was illegal under global trade rules.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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