USA: How the Rising Cost of Food Is Sweeping Around the World
DATE 15Jul 2021

The cost of feeding the world is the most expensive it’s been in years. The Food and Agriculture Organization’s food price index, which tracks a basket of grains, vegetable oils, meat, dairy and sugar, rose to its highest level in a decade in May. On the Chicago Mercantile Exchange, the prices of soybean oil is more than… Read More »

India: Area under sugarcane cultivation rises a tad
DATE 15Jul 2021

Area under sugarcane is expected to be almost 54.55 lakh hectare in 2021-2022 sugar season (October to September) or 3% higher than the current season’s area, according to the Indian Sugar Mills’ Association (ISMA). Uttar Pradesh is estimated to have a sugarcane area of 23.12 lakh hectare against 23.07 lakh hectares in 2020-2021 season. Maharashtra’s… Read More »

Australia: Sugar industry’s $1B hit from Indian subsidies revealed
DATE 15Jul 2021

New analysis has calculated a $1 billion cost to the Queensland sugar industry from Indian Government price and export subsidies currently under investigation by the World Trade Organisation (WTO). The finding has alarmed but not surprised peak industry organisations the Australian Sugar Milling Council (ASMC) and CANEGROWERS, who say it confirms the need for continued pressure… Read More »

USA: India sugar stocks set to fall to 4-year low on record exports – trade body
DATE 15Jul 2021

India’s sugar inventories have been depleted by 19% and the country could start the 2021/22 marketing year with lowest the stocks in four years after mills exported a record amount in the current year, a leading trade body said on Wednesday. Lower inventories could support local prices and may reduce exports in the next marketing… Read More »

UK: Brazil biofuel producer Raízen seeks to raise $1.34bn in IPO
DATE 15Jul 2021

A joint venture between Royal Dutch Shell and the energy conglomerate Cosan that produces biofuel derived from sugarcane is seeking to raise R$6.9bn ($1.34bn) through a stock market listing that would rank as one of Brazil’s biggest so far this year.  Raízen, which was formed a decade ago, is Brazil’s fourth-largest company by revenue with… Read More »