The sugarcane crushing season in Maharashtra will start from October 20, Chief Minister Devendra Fadnavis announced here Tuesday. He said the government would review the common recommendations of sugar associations and take appropriate decision.
A total of 38.51 million mt of sugarcane was crushed in Central-South Brazil in the first half of September, down 10.9% from 43.31 million mt crushed during the second half of August, and down 15.3% from 45.47 million mt crushed during the year-ago period, trade association UNICA data showed Tuesday.
The Cabinet is likely to consider Wednesday the Rs 4,500 crore package for the cash-starved sugar sector, which includes doubling production assistance to growers and transport subsidy for export up to 5 million tonnes in the next marketing season starting October, sources said.
Leading sugar producer Mitsui Sugar Co. and trading house Mitsui & Co. will acquire a full stake in a Singapore sugar vendor for about $100 million to cash in on growing demand for sweeteners in Southeast Asia and the Middle East. Mitsui Sugar and its largest shareholder signed an agreement Friday to buy 70 percent… Read More »
WISYNCO Group Limited has negotiated a five-year exclusive distribution agreement with Worthy Park Estate Limited (WPEL) for the distribution of the company’s spirits and sugar. The deal follows an equity investment by Wisynco’s parent company, Wisynco Group (Caribbean) Limited (WGCL) into Worthy Parrk. Chairman of Wisynco William Mahfood said he considers the agreement a win-win… Read More »