Over the last six years, this Government has successfully injected INR350 billion (US$4.65 billion) to drive ethanol production, according to the Ministry of Petroleum & Natural Gas.
Fiji – Growers guaranteed cane price of US$41 per tonne [Full subscriber]
In an effort to support the livelihoods of Fijians in the sugar industry, the Government has provided a three-year minimum guaranteed cane price of FJ$85 (US$41) per tonne.
Thai cabinet approves subsidy of US$321 million for cane growers [Full subscriber]
Thai cabinet on 9th June approved financial assistance of THB10 billion (US$321 million) to be paid to about 300,000 sugarcane growers under a subsidy programme.
India – Export subsidy drives traders to offload sugar [Registered]
Indian mills are aggressively selling previous year’s sugar to Iran after the government announced a subsidy to help cash-strapped mills export a surplus, as Tehran strives to secure food supplies under U.S. sanctions, reported Reuters.
India – Government approves export subsidy for 5 million tonnes sugar in 2018/19 season [Full subscriber]
The Indian government on 26th September approved an INR45 billion (US$617 mln) package for the sugar industry that includes over two-fold jump in production assistance to cane growers and transport subsidy to mills for export up to 5 million tonnes in the marketing year 2018-19, according to local press reports.
Pakistan – Government gives a subsidy of US$101/t for sugar exports [Registered]
The government allowed export of 500,000 tonnes of sugar in early October and approved a cash freight subsidy of Rs10.70 a kilogram (US$101/t) to bridge the gap between domestic and global sugar prices, which currently stand at US$499 and US$376 a tonne, respectively according to local press reports.
Thailand – Government to stop subsidising the sugar industry [Registered]
The Thai government will stop subsidizing sugar production and drop domestic control of consumer prices for sugar by the end of the year, according to a Ministry of Agriculture official, reported Reuters.
Pakistan – Sindh government subsidises provinces cane growers to the tune of US$38.3 million [Registered]
Sindh government had notified sugar cane price at PKR 182 per 40 kg. The millers did not accept the government decision and had started paying PKR 155 rate to the cane growers.
India – Maharashtra approves export subsidy of over US$15/tonne [Registered]
The state cabinet approved the incentive for 800,000 tonnes of raw sugar produced in the 2014/15 marketing year ending on September 30. The state has been contemplating export incentives since February and Maharashtra’s co-operative minister Chandrakant Patil had already announced the INR1,000 subsidy on April 14.
Thailand – 2015/16 sugar exports to breach 9 mln tonnes [Registered]
On the back of expansion in cane production estimated to be 107 mln tonnes in 2015/16, and sugar production increasing to 11.4 mln tonnes, up 4% from 2014/15, sugar exports are expected to increase to around 9 mln tonnes, according to US Department of Agriculture’s Bangkok bureau’s latest report.
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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