The Government of Barbados can no longer sustain pumping close to BB$30 million (US$15 million) annually into the struggling sugar industry.
Brazil – Raw sugar futures fall as the new government extends relief on fuel duties [Full subscriber]
To pre-empt the impact of rising fuel prices at pumps (and inflation) during the first few days in his office, Brazil’s new President Luiz Inacio Lula da Silva passed a decree that keeps fuels exempt from federal taxes on January 2. This is likely to impact sugar and ethanol companies negatively.
Indonesia plans to expand sugarcane acreage by 700,000 hectares over the next five years to become self-sufficient in sugar, President Joko Widodo said on November 4th.
Vietnam’s sugar industry on the mend as sugar dumping from neighbouring states is stemmed [Full subscriber]
The cane sugar industry is expected to increase output in 2022-23 thanks to increased productivity spurred on by the rigorous implementation of import tariff policy from neighbouring states (Cambodia, Indonesia, Laos, Malaysia and Myanmar).
Kenya is seeking a new extension for sugar safeguards from the Common Market for Eastern and Southern Africa (Comesa) before its expiry in February, according to local press reports.
India pipped Brazil to become the top sugar producer in the 2021/22 marketing year ending September with a bumper sugar output of 35.9 million tonnes.
US condemns working conditions of Haitians working in the Dominican Republic’s sugar industry [Full subscriber]
In the report published on September 13th, The US Department of Labor described as “scandalous” the working conditions and the challenges in applying the labour law in the sugar industry of the Dominican Republic.
Sugar output in Uganda has tripled from just under 200,000 metric tonnes in 2006 to 600,000 tonnes in 2022, according to the Permanent Secretary in the Ministry of Trade, Geraldine Ssali.
Severe floods that have left a third of Pakistan under water adversely impacted the major cane-producing regions.
Cyclones have cost the Fijian sugar industry more than FJ$200 million (US$90.4 million) since 2016, according to Prime Minister and Sugar Minister Voreqe Bainimarama.