The tax department Federal Board of Revenue (FBR) has deputed its officials at sugar mills as a stopgap measure until it develops real-time access to video monitoring of crushing and other production processes. This is to stem tax evasion, according to local press reports.
The government has decided to suspend productions at six state-run sugar mills in the current financial year 2020-2021 to minimise the accumulated losses of the Bangladesh Sugar and Food Industries Corporation (BSFIC), according to local press reports.
The Kenyan government has decided not to sell its sugar mills but rather lease them as part of a plan that will see it maintain control of the industry, reported Bloomberg.
Two big sugar companies in northern Mindanao resumed milling operations on 20th April, reported CNN.
Due to coronavirus-containment measures, two sugar mills have been ordered to shut down. This could lead to a domestic shortage and trigger price spikes, the country’s farm minister said on 15th April.
The family-owned Sáenz Group has put up its three mills for sale for MXN7 billion (US$360 million), according to local press reports.
The government-owned entity Ethiopian Sugar Corporation (ESC) plans to privatize ten partially completed sugar mills and three older mills that are operating in some capacity, notes the latest USDA attaché report from the country.
The World Bank and Pakistan’s Federal Board of Revenue (FBR) have analysed the tax gap of three powerful sectors — sugar, cement and steel — and estimated that tax collection could go up by PKR100 billion -150 billion (US$636 million-954 million) on per annum basis with realisation of true potential.
Pakistan – Supreme Court orders sugar mills in Sindh to install wastewater treatment plants [Full subscriber]
The Supreme Court-mandated commission on water and sanitation in Sindh has directed sugar mills to install in-house effluent treatment plants to stop polluting the waterways and environment in rural areas before the crushing season 2019-20 begins.
Sugar and ethanol producers in Brazil have reduced their debt to the lowest level in five years through cost-cutting and almost no investments in cane processing capacity, according to the investment bank Itaú BBA, reported Reuters.