The government has fixed target of 10% blending of fuel grade ethanol with petrol by 2022 & 20% blending by 2025. The government has also allowed production of ethanol from B-Heavy Molasses, sugarcane juice, sugar syrup and sugar; and encouraging sugar mills to divert excess sugarcane to ethanol. In the previous sugar season 2019-20 about… Read More »
It was encouraging to see the prime minister announce Canada’s new commitments to climate change but as many pointed out, promises have been made by governments in the past and we have had trouble meeting those modest commitments. What we need next are some specific examples of how we are going to transition from fossil… Read More »
A little-known Chinese trader bought a cargo of raw sugar through the New York exchange for the first time, a move that surprised the industry dominated by a few large players. Honors Commodity Singapore Pte. Ltd. took delivery of about 61,000 metric tons of raw sugar to settle the expiration of futures contracts on ICE… Read More »
Sugar stocks have been trending higher, with analysts upbeat about companies’ earnings on expectation of a rise in exports from India amid lower output in Brazil and a consequent surge in global prices.
Brazil’s 2021/22 center-south cane crush is seen in a range between 567 and 578 million tonnes, compared to a previous projection of 586 million tonnes, broker and analyst StoneX said on Monday. The broker said cumulative rains in the region during March and April were 50% below the long-term average for the period, which hurt… Read More »