The board of directors of sugar and ethanol producer Jalles Machado approved, at a meeting held on 20th July, investments of BRL517.4 million (US$100.4 million) for the company to expand cane crushing capacity by 1 million tonnes at its two factories to 6.3 million tonnes by 2024/25.
Tanzania – First phase of the US$300 million Bagamoyo sugar factory nears completion [Full subscriber]
Said Salim Bakhresa Ltd, the flagship company of the Bakhresa Group, recently announced that the first phase of the US$300 million new build sugar factory less than 80 kilometres from Tanzania’s commercial capital near the historical town of Bagamoyo in the Coast region is nearing completion and will officially start production by June 2022. Construction commenced in 2018.
Brazil – Analysts estimate drop in 2021/22 cane production in Centre-South at between 530 million and 580 million tonnes [Full subscriber]
The third driest summer this century is adversely impacting sugarcane production in Brazil’s Centre-South (which accounts for some 90% of total output). The 2021/22 cane output is projected by analysts to be between 530 million and 580 million tonnes.
Brazil – BNDES provides an emergency credit line of US$1.5 billion to cane producers [Full subscriber]
To support sugarcane producers (growers, co-operatives and sugar + ethanol companies) impacted adversely by the Covid-19 pandemic, the Federal Government will provide the sector, via the National Bank for Economic and Social Development (BNDES), with a credit line of BRL7.65 billion (US$1.5 billion), through the Emergency Program to Support the Brazilian Sugar-Energy Sector (Peasse).
Hurricanes Eta and Iota have estimated to cause losses, to date, of HNL230 million (US$9.5 million) for the sugar agribusiness, according to the Association of Sugar Producers of Honduras (Apah).
Brazil’s total sugar production in the 2020-21 season (April-March) is expected to grow 32% and reach a record 39.33 million tonnes as mills allocate more cane to sugar production and less to ethanol, according to a press release from the government’s food supply agency Conab.
Indonesia, the world’s second-biggest sugar importer is fostering expansion in sugar production to cut imports, reported Bloomberg
Ghana – Take 3! Agrotech to invest US$21 million for cane production infrastructure for the idled Komenda Sugar [Full subscriber]
The University of Cape Coast (UCC) recently signed a Memorandum of Understanding (MoU) with Park Agrotech Ghana Limited, to establish cane production infrastructure to support the beleaguered Komenda Sugar Factory which has been hampered by an adequate supply of cane when the factory was opened a few years ago.
Sugar beet acreage decreased this year by about 80,000 acres (32,375 ha), registering 520,000 acres compared to 600,000 acres last season, a decrease of 13.3, according to the media outlet Al-Arabi Al-Jadeed.
The fertilizer shortage crisis in the governorates of Upper Egypt (South) impacted by supply chain disruptions due to the Covid-19 pandemic is likely to adversely impact cane output, according to local press reports.