Brazil, top exporter of Sugar, experiences record prices of ethanol as Covid-19 restrictions ease. Consumers take advantage of the easing and start travelling again, increasing consumption of biofuel. This means that mills can start processing more sugar cane into ethanol, rather than into sweetener as it’s also generally more profitable.
The most powerful political force in Florida is neither Republican nor Democrat — it’s sugarcane. If there were any lingering doubts about that, they were erased on April 29, when Gov. Ron DeSantis signed into law an expansion of Florida’s so-called “Right to Farm” bill, granting new legal protection to one of the sugarcane industry’s… Read More »
India’s government plan to increase ethanol blending in gasoline will erase the country’s exportable sugar surplus in two to three years, according to the chairman of a large Indian company in the sector. Speaking during the Santander ISO Datagro New York Sugar & Ethanol Conference on Tuesday, Samir Somaiya, the chairman of Godavari Biorefineries, said… Read More »
Raw sugar futures on ICE rose on Tuesday amid upbeat sentiment in wider financial markets as investors overlooked rising COVID-19 cases in Asia to focus on bets that U.S. interest rates will remain low.
Government red tape needs to be slashed to increase Australia’s sugar production, with canegrowers and millers alike calling for a reduction of regulations. The Australian Sugar Milling Council and Canegrowers have both taken aim at Queensland government red tape in recent days, with ASMC focusing on an industry revitalisatation strategy while Canegrowers continues to home… Read More »