Indian mills have, till the end of June exported 4.9 million tonnes of sugar in the current season which is set to wind-up in September end, according to Abinash Verma, director general of Indian Sugar Mills Association (ISMA).
Vessel logjam at Brazil’s Santos port as importers rush to stockpile sugar in advance of potential paralysis from the Covid-19 outbreak [Full subscriber]
Fears that the coronavirus outbreak in Brazil will paralyze the export of sugar have made dry bulk ship operators rush to send ships to major port Santos. More than 70 ships are lined up at Brazil’s port of Santos to load sugar for export in a queue that may take a month to clear, reported Reuters.
India – 5 million tonnes sugar export target will be missed due to Covid-19 plus drop in prices [Full subscriber]
India won’t be able to ship 5 million tons in the year to September as a nationwide lockdown to prevent the spread of the coronavirus disrupts logistics at ports exacerbated by the drop in sugar prices eroding export parity.
Indian sugar mills have so far contracted to export 3.5 million tonnes of sugar the in 2019/20 marketing year, mainly to Iran, Malaysia, Somalia and Sri Lanka, a trade body said on 11th March.
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.
Indian sugar mills have contracted to export 3 million tonnes of sugar since the current marketing season began on Oct. 1, reported Reuters.
The Chinese government has offered Pakistan market access for three commodities — rice, sugar and yarn — worth $1 billion for the current fiscal year, according to Abdul Razaq Dawood an Advisor to Prime Minister on Commerce.
El Salvador – Sugar industry relieved as court suspends “provisionally” cancellation of FTA with Taiwan [Registered]
The highest court in El Salvador ordered on 12th March suspended “provisionally” the cancellation of the Free Trade Agreement (FTA) that the Central American nation maintains with Taiwan, for the alleged violation of the rights and legal security of the sugar sector, according to local press reports.
Indian sugar mills have contracted to export 2.2 million tonnes of sugar since the current marketing season began on October 1, according to the president of the All India Sugar Trade Association Praful Vithalani, reported Reuters.
The federal government’s Economic Coordination Committee (ECC) approved on 4th December an increase in sugar export quota by 100,000 tons to 1.1 million tonnes, according to local press reports.