The world’s largest sugarcane processing plant, a Brazilian mill able to process 10 million tonnes per year, has recorded a drop in cane crushing for the second consecutive season because of excessive dryness in Sao Paulo state, an executive said on Thursday.
Brazilian and Australian sugar industry groups are working together with their respective governments to prepare a formal complaint to the World Trade Organization (WTO) over any possible sugar export subsidy by India, a top Brazilian sugar official told Reuters. Brazil and Australia view any subsidy by India, set to take over as the world’s largest… Read More »
The government on Wednesday approved an over 25 per cent hike in the price of ethanol produced directly from sugarcane juice for blending in petrol in a bid to cut surplus sugar production and reduce oil imports.
Brazil’s Centre-South ethanol producers sold 1.97 billion litres (520.4 million gallons) of hydrous ethanol for the whole month of August. Anhydrous ethanol sales stood at around 798.5 million litres. At 1.05 billion, hydrous ethanol sales broke a record for the last half of the month, local sugarcane industry association Unica announced on Wednesday. Overall, total… Read More »
The government on Wednesday approved an increase in ethanol prices for the 2018-19 sugar season, starting October. The level of the price increase suggests that the centre wants to incentivize ethanol output and investments in capacity addition. But the industry may still be wary, given that these incentives were to paper over the structural cracks… Read More »