The Angolan company Biocom which has invested heavily in the sugar-bioenergy project and has begun producing sugar for the local market is calling for the elimination of “unfair competition between domestic and imported sugar,” stated the deputy director general Luís Bagorro Júnior.
The Indian government’s Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi on 28th February approved a soft loan of up to INR105.4 billion (US$1.5 billion) for the sugar industry to help mills clear outstanding dues to cane farmers, according to local press reports.
The Belize Sugar Industries, owned by the American Sugar Refineries Group (ASR/BSI), recently secured a US$15 million loan from the Inter-American Development Bank (IDB) to modernise operations and make the industry competitive through increased productivity.
Mauritius’ companies Omnicane and Atleo Group have acquired stakes in a couple of sugar milling companies at the cost of KES3.2 billion (US$32 million), according to the Mauritius Commercial Bank CEO Alain Law Min
The Kenyan sugar industry is being hurt by corrupt staff at mills colluding with cane growers willing to abet them, according to the investigation by the local newspaper the Nation.
Fiji – Cane sugar sector granted US$29 million by the government in the 2018/19 budget [Full subscriber]
The Fijian government has allocated FJ$62.3 million (US$29.1 million) in the 2018-2019 budget to support the sugar sector and the running of the Ministry of Sugar Industry, according to local press reports.
In a bid to drive productivity and do things quickly and efficiently, the Royal Swazi Sugar Corporation (RSSC) has turned to SAP solutions and Britehouse, a division of Dimension Data, to exploit the capabilities and technologies of the Internet of Things (IoT).
Thailand – Increased diversion of cane to biochemicals production expected to cut sugar exports [Full subscriber]
With the government prioritizing the expansion of biochemicals production through the use of sugar as the main feedstock, Worawan Chitaroon, the secretary-general of the Office of Cane and Sugar Board (OCSB), said the proportion of sugar allocated for export is set to drop to 40% to 50%, down from around 80% within the next five years as part of a goal of shifting the country to higher-value industrial activity.
The Guatemalan sugar industry set to pursue achievable economic, environment and social development goals by 2025
The Sugar Association of Guatemala (“ASAZGUA”), comprising country’s 11 sugar mills, in collaboration with partner organizations announced in July a clear strategy via its Sugar for Good campaign, which pledges to meet nine sustainability commitments by 2025 with five directly aligned with the United Nation’s Sustainable Development Goals.
The Barbados government is planning to merge the state-owned Barbados Agricultural Management Company Limited (BAMC) with the Barbados Sugar Industry Limited (BSIL), as it seeks to fully privatise the sugar cane industry, according to local press reports.