Over “70 ethanol facilities with an annual production capacity of 6.1 billion gallons have been fully idled, and approximately 70 more plants have reduced their operating rates by a combined amount of 1.9 billion gallons annualized” according to 24 senators in a letter to President Trump on 7th May to support the sector as the Covid-19 pandemic has resulted in steep decline in both gasoline and fuel ethanol demand
The Office of the U.S. Trade Representative announced on 3rd April country-specific and first-come, first-served in-quota additional allocations under the tariff-rate quotas (TRQs) on imported raw cane sugar for Fiscal Year (FY) 2020 (October 1, 2019, through September 30, 2020). The total additional allocation is 317,515 tonnes raw value.
Mexico’s government on 2nd May said the U.S. Commerce Department had published a notification of its intention to keep an agreement regulating Mexican sugar exports into the United States active for another five years, reported Reuters.
The United States will increase its sugar imports from Mexico to 1.65 million tonnes in the 2019-2020 cycle, according to the Secretary of Economy, Graciela Márquez at the Ministry of Economy.
USA – Beet grower co-operatives get US$285 million following crop damage from frost and drought [Full subscriber]
On 28th February, chairmen from the House Agriculture Committee Chairman and Senate Agriculture Appropriations Subcommittee announced that six beet sugar processing cooperatives will receive US$285 million in disaster assistance to help growers impacted by frost damage late last year as well as drought in 2018, according to local press reports.
USA – Beet growers affected by frost damage to get financial assistance from government [Registered]
In the aftermath of a frozen harvest that locked in the ground up to a third of the sugar beet crop, there’s increasing hope for some federal disaster relief to beet growers through the U.S. Department of Agriculture.
The president of Asocaña, the local sugar industry association, María Eugenia Lloreda, is calling for imposing a tariff of 22% on ethanol imports from the USA, otherwise, 30,000 jobs in the sector are at risk as is the viability of the ethanol industry in Colombia, she stressed.
The Lovell Western Sugar Factory District saw a production loss of 41% from snowstorms this autumn/winter, according to statistics reported to the USDA by Western Sugar.
The Trump administration finalized U.S. biofuel blending requirements for 2020 on 19th December, leaving a key part of the rule unchanged from an earlier proposal that the corn lobby had criticized as inadequate to help struggling farmers, reported Reuters.
Skewed biofuels policy by the Trump administration whereby more oil refineries have been granted exemptions to blend ethanol in gasoline has invariably impacted the biofuels sector adversely and with it, the corn farmers supplying the feedstock.