A report recently filed with the USDA’s Foreign Agricultural Service’s Global Agricultural Network provides an update of Brazil’s biofuel industry, predicting the country’s ethanol production will reach 30.755 billion liters (8.12 billion gallons) this year, up 9 percent when compared to last year.
The Philippine National Standards, or PNS, spec fuel ethanol marker, which mostly reflects US-origin ethanol, slid $6.67/cu m day on day to $425/cu m CIF Philippines Thursday, an all-time low since S&P Global Platts started this assessment in April 2012.
Raw sugar futures edged higher on Friday as the market pulled further away from last week’s 10-year low while cocoa prices regained some ground after the previous session’s sharp fall. Raw sugar, arabica coffee and New York cocoa contracts will be closed on Monday for the Labor Day holiday.
Kenya boasts of the most diversified economy in the East and Central Africa, with agriculture as ‘backbone of the economy’ remaining the biggest contributor. The Food and Agriculture Organization notes that agriculture contributes 26 per cent to Kenya’s gross domestic product, and employs over 40 per cent of the Kenyan population, over 70 per cent… Read More »
Agricultural experts have advised growers to cultivate sugarcane crop during the month of September as this month is most suitable for the purpose.