Uganda’s sugar producers are in dire straits as the sector is currently facing an accumulation of its stocks with the sluggish sale linked to competition from imported sugar free of duty which should be re-exported, according to an industry lobby group.
Thai companies are allegedly dumping sugar in Vietnam and hurting farmers, say Vietnamese sugar producers, according to local press reports.
South Africa – Master plan to support the local sugar industry signed by all the stakeholders [Full subscriber]
South Africa’s struggling sugar industry has received a major boost after the signing of a master plan by the Trade, Industry and Competition Minister Ebrahim Patel and Minister of Agriculture, Land Reform and Rural Development, Thoko Didiza, alongside stakeholders farmers, industrial users and retailers.
In order to introduce transparency in the sugar sector, the Federal Board of Revenue (FBR) recently signed a memorandum of understanding (MoU) with Pakistan Sugar Mills Association (PSMA) to operationalize Video Analytics Rules, 2020, that will effectively monitor output via an electronic device.
Tariffs cut to zero under the ASEAN Trade in Goods Agreement (ATIGA) from January 1 this year has hit the sugar industry hard, according to local press reports.
British Sugar and NFU Sugar unveiled on 24th August one-year and three-year sugar beet contracts and prices from 2021.
The Covid-19 pandemic has scuppered plans to revitalize South Africa’s ailing sugar industry for the time being, reported Bloomberg.
The local sugar producer Compagnie Sucriere du Tchad (CST) is on the brink of collapse as it has not been able to sell its sugar for more than eight months due to smuggled sugar flooding the local market, according to a local press report.
The regional government launched a three-pronged, three-year action plan on 8th May to improve the efficiency of the Guangxi sugar industry, according to local press reports.
Politicians close to Prime Minister Imran Khan have been linked to the soaring sugar prices, according to a government report.