The port of Paranaguá, Brazil’s second busiest for shipping commodities like soybeans and sugar, has resumed activities normally with most berths operational after strong winds caused disruptions earlier in the week.
Brazil’s Raízen, the world’s largest sugar-making company, and Asian commodities trader Wilmar International (WLIL.SI) are set to end their partnership in the global sugar trading joint venture RAW, four sources familiar with the process said. The joint venture, formed in 2016, was the second-largest trader of Brazilian sugar, with volumes around 4 million tonnes annually,… Read More »
There is growing concern that if the Brazilian ethanol market remained weak, the global sugar market could be flooded, which would send prices plummeting. In recent months, global demand for fuel had declined by an estimated 28%, which resulted in a sharp fall in ethanol production and subsequent widespread shutdowns of plants.
The decision to waive Sh62 billion that cane farmers owe the government is welcome news after years of anguish. The sugar industry has been on its knees and operating at barely half capacity for decades. In some areas, disillusioned cane farmers had uprooted the crop, opting for maize farming for subsistence. This was necessitated by the… Read More »
In April, the reported market price for white sugar reached €379 per tonne, which is above the reference point of €375 per tonne. Consequently, this triggers a bonus for UK sugar beet growers who had tonnage on a one-year contract with British Sugar for the 2019/20 crop. The final total amount payable will be determined… Read More »