India’s commerce ministry has turned down a request by the US to reduce the import duty on denatured ethanol entering the country, according to two senior government officials.
The sugar beet harvest as of Nov. 3 was the slowest on record since 2000, the US Department of Agriculture (USDA) said in its Nov. 15 Sugar and Sweeteners Outlook. Rain and snow pelted crops in September and October. That was followed by a blizzard, and then warm temperatures that left fields a boggy mess. Next came a deep freeze, ruining the underground sugar beet crop, and dealing a harsh blow to farm incomes.
The Michigan Sugar Co. will close its Taylor-based sugar refinery plant, resulting in the layoff of 73 employees, the company recently disclosed.
In recent weeks, prospects for US sugar production have declined significantly due to adverse weather in both sugar beet and sugarcane regions. The US Department of Agriculture (USDA), in its Nov. 8 World Agricultural Supply and Demand Estimates report has projected a significant decline in 2019-20 sugar output with stocks-to-use ratio forecast to drop to dangerously low 10.5%.
USA – Cold snap impacts harvesting – beet growers to recompense American Crystal Sugar US$848 for each hectare unharvested [Full subscriber]
A cold snap in North America is adversely impacting beet harvesting operations across the region. In most cases, these have been suspended. In one particular case, farmers will be stung with a bill for beet not harvested.
The Trump administration unveiled a plan on 4th October to boost U.S. biofuels consumption starting next year to help struggling farmers, a move that cheered the agriculture industry but triggered a backlash from Big Oil, reported Reuters.
A bipartisan group of 40 representatives and senators on Sept. 26 introduced the “Fair Sugar Policy Act of 2019” into the House (H.R. 4521) and the Senate (S.2568) seeking to amend the existing US sugar program.
USA – Trump’s administration granting small refinery exemptions hurts the ethanol industry [Registered]
As the US President Donald Trump faces with mounting anger in the farm belt over policies that allow oil refineries to use less corn-based ethanol, dismal economics that has plagued the US ethanol industry for the past year-and-a-half is beginning to have a significant impact with some plants being shut down or cut back severely on production.
The Office of the U.S. Trade Representative (USTR) on June 24 announced the reallocation of 100,071 tonnes, raw value, of the World Trade Organization tariff rate quota (TRQ) for imported raw sugar for the current fiscal year.
Brazil sees a brighter outlook for ethanol as US corn output is expected to fall significantly [Registered]
Brazilian sugar mills are closely watching the 2019 U.S. corn crop for reduced harvests that could boost prices for the cereal, raising ethanol production costs there and opening room for Brazilian ethanol to gain domestic market share, reports Reuters.