Researchers from the University of Queensland (UQ) and the Technical University of Munich have developed a process to convert cane sugar into a platform chemical for aviation fuel, plastics, rubbers and food additives.
Pakistan – Millers refuse to sell sugar at PKR70/kg [Registered]
The Pakistan Sugar Mills Association (PSMA) has refused to sell the sweetener at PKR70 (US¢ 36) per kg.
Canada lowers anti-subsidy tariffs on EU sugar following investigation [Registered]
The European Sugar Industry Confederation (CEFS) announced on 31st March that Canada’s Border Protection Agency (CBSA) concluded its investigation on 30th March into anti-subsidy duties on refined sugar from the EU and anti-dumping duties on refined sugar from Denmark, Germany, the Netherlands, the United Kingdom and the United States
India loses dispute at WTO over sugar subsidies brought by Brazil, Australia and Guatemala [Full subscriber]
India has lost the dispute over its subsidies on sugar exports at the World Trade Organization (WTO), brought by Brazil, Australia and Guatemala, Valor Economic reported.
Bangladesh cuts sugar import duties to curb rise in domestic prices [Full subscriber]
According to notifications from the National Board of Revenue (NBR), the customs authority reduced import tariff on raw sugar to contain price rises.
Solugen secures US$357 million to produce chemicals from sugar via “chemienzymatic” process [Registered]
The biotech start-up Solugen has raised US$357 million from investors to produce substitute petrochemicals from converting sugars into chemicals using both enzyme and chemical catalysts.
Sri Lanka – Sugar warehouses raided on government orders as food shortages bite [Full subscriber]
Sri Lankan government officials on 1st September raided private warehouses to seize thousands of tonnes of sugar, a day after a state of emergency was declared over food shortages caused by a currency crisis, according to local press reports.
Turkey – Health ministry wants 10% reduction in sugar various products by 2025 [Full subscriber]
Turkish Health Ministry released the Sugar Reduction Guide in mid-July to gradually reduce the amount of sugar in confectionery, sweet sauces, breakfast cereals, and nonalcoholic drinks by at least 10% by 2025.
UK – British Sugar takes the government to court for allowing tariff-free imports of 260,000 tonnes raw sugar [Full subscriber]
The UK government is facing the first significant legal challenge to its post-Brexit independent trade policy after the High Court agreed that a decision to cut tariffs on some UK sugar imports could be subject to a judicial review.
India’s export subsidy measures come under scrutiny at WTO [Full subscriber]
At a recent meeting of the Committee on Agriculture of the World Trade Organization (WTO), questions were raised on the reported US$626-million interest subvention grant to help India use its sugar for ethanol production, and a decision to approve sugar export subsidies worth US$475.8 million for the marketing year 2020-21 to export 6 million tonnes of sugar.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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