Indian sugar production in 2019/20 is expected to decline 8.4% from the record-large 2018/19 crop to 30.3 million tonnes, the U.S. Department of Agriculture attache in New Delhi said in a report. Output is expected to fall as the area under harvest contracts and the average sugar recovery rate declines, and as ethanol becomes an… Read More »
Cosan SA Indústria e Comércio CSAN3.SA, one of Brazil’s largest energy and logistics companies, said on Tuesday it posted a quarterly net profit of 395.7 million reais ($99 million), up 14.5% from a year earlier.
The Supreme Court of Queensland has dismissed Wilmar’s legal action against QSL relating to costs associated with the 2010 sugar production season, in a decision handed down on May 10. Through its legal action commenced in 2015, Wilmar sought damages of $60.86 million plus interest and costs for what it claimed was negligence by QSL… Read More »
The country’s sugar exports surged to 21.29 lakh tonne so far in the current marketing year ending September, as against about five lakh tonnes shipped in the entire 2017-18, industry data showed Monday. Out of the 21.29 lakh tonnes exported between October 1 and April 6, raw sugar accounted for 9.76 lakh tonnes, the All India… Read More »
Maine Democrats have sustained the Democratic governor’s first veto of a bill to ban the sale of ethanol-blended gas. The Republican-sponsored bill initially sailed through the Legislature last month.