Australian Beverages CEO Geoff Parker said sugar in non-alcoholic drinks would be cut by 20 percent across seven years.
Issuing a notice through the respective District Administration Offices (DAOs) last week, the ministry instructed the proprietors of four sugar mills–Annapurna Sugar, Sarlahi; Everest Sugar and Chemicals Industries, Mahottari and Indira Sugar Mills and Bagmati Sugar Mills in Nawalparasi–to settle the dues as soon as possible.
The National Treasury is in the spotlight over a reckless policy move that saw one billion kilogrammes of sugar dumped in the country after it opened doors to barons, brokers and buyers to bring in unlimited quantity of the product duty-free. The questionable sugar import is enough to sustain the country for 15 months without… Read More »
October raw sugar settled down 0.09 cent, or 0.7 percent, at 12.32 cents per lb after trading within the prior session’s range. Buying interest from the previous three sessions waned after US government data released late Friday showed speculators had increased their net short position to a three-week high. Focus also remained on expectations that… Read More »
In the United States, fewer than 4,500 farm businesses produce sugar. Yet they cost taxpayers up to $4 billion a year in subsidies. The U.S. sugar program is a Stalinist-style supply control initiative that limits imports through quotas and domestic production through what are called marketing allotments. This strategy substantially increases U.S. prices — on… Read More »