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.
CIUS, the committee of European Sugar Users placed its support behind the EU Commission and Council in arguing against returning “back to a more regulated sugar market as wished for by the European Parliament” in a recent press release.
India’s cabinet has approved a mega assistance package for sugar mills to export up to 6 million tonnes sugar during in the 2019-20 marketing starting October to aid the cash-strapped millers, reported Reuters.
Cane milled in the major sugar producing region Center-South (CS) of Brazil during the 2018/19 campaign which ended on March 31, was 573.072 million tonnes compared with 596.330 million tonnes during the 2017/18 season, according to the Brazilian sugar industry association UNICA.
Russia’s difficulty exporting its sugar could slow the expansion of the industry that’s seen a big transformation in the past two decades, reports Bloomberg.
Braskem and Haldor Topsoe recently announced commissioning a pioneering demonstration unit for the development of monoethylene glycol (MEG) from sugar.
In a bid to drive the competitiveness of the cane sugar in the country, the government is refusing any subsidies for the sugar industry
Indonesian President Joko Widodo, who’s seeking another five-year term in 2019, has opened up the floodgates to sugar imports to stabilize domestic prices. It worked, but now he’s facing the heat from local farmers, a key voting bloc, reports Bloomberg.
With the EU sugar sector becoming market-driven following the abolition of sugar quotas, Caribbean sugar producers are looking to the UK to provide preferential access post-Brexit. Sugar Association of the […]
Brazil – Ethanol reserves rising, prices falling, increased sugar production likely [Full subscriber]
As ethanol prices tumble amidst rising stockpiles and storage capacity becoming increasingly limited, the prospect of sugar output increasing seems likely, according to Bloomberg.