Following the imposition of anti-dumping and anti-subsidy duties, the volume of Thai sugar imported to Vietnam hit a four-year low in Q1 2022, according to local press reports.
Pakistan – FBR’s track and trace system at sugar mills generates 33% increase in tax collection [Registered]
The Federal Board of Revenue (FBR) has achieved a milestone by successfully implementing the track and trace system (TTS) in sugar mills during the ongoing crushing season. As a result, it has collected PKR26.5 billion (US$144 million) sales tax from the millers in the current campaign as against PKR19.9 billion collected in the previous year, according to local press reports
El Salvador – Sugar producers call for reinstatement of 40% import tariff on sugar relaxed for one year [Full subscriber]
Cane growers and sugar producers have warned the government that removing the import tariff on sugar for one year will adversely impact the sector.
To revitalise its sugar industry, Guyana will be sourcing support from Guatemala’s sector, according to local press reports.
The World Bank (WB) report on the sugarcane sector presented to the government on February 5 noted that the cane sector suffers losses of MUR1.4 billion (US$32.3 million) annually.
The Cuban government has stepped in to revitalise the sugar industry, which has been on the decline recently, with sugar production dropping to 816,000 tonnes raw value (trv) in 20/22 (Oct-Sept) from 1.2 million trv in the previous year.
For the fiscal year (FY) 2022, the United States Department of Agriculture (USDA) revised and increased overall sugar marketing allotment quantity (OAQ) by 432, 657 short tons raw value (STRV, 392,500 metric tonnes) on December 22 – now totalling 10,802,657 STRV — which is divided between beet (54.35%) and cane sugar (45.65%).
Cuba has carried out a root and branch restructure of its sugar industry in a last-ditch attempt to keep mills from folding in the face of collapsing output, reported Reuters.
Switzerland – Parliament approves generous support measures to sugar industry to last until 2026 [Full subscriber]
The Swiss Parliament recently approved an extension of the support measures for domestic sugar beet cultivation until 2026 to check the decline of the sugar industry.
South Africa – Lack of milling capacity squeezing smallholders – 2 million tonnes cane may not be crushed [Full subscriber]
With three months left in the current campaign, there’s a serious concern that small-scale cane growers will not be able to supply some 2 million tonnes of cane to sugar mills due to lack of milling capacity, according to the South African Farmers Development Association (SAFDA).