Archived Articles

March 16, 2015 Business World by Mikhail Flores | http://goo.gl/RRTybZ

THE BUREAU of Internal Revenue (BIR) has clarified the tax treatment of sugar while standing behind a previous ruling that only “muscovado” is tax-exempt of all the sugar products.

In Revenue Regulations 4-2015, the BIR said “refined sugar and raw sugar... shall be subject to advance…

March 14, 2015 Sun Star | http://goo.gl/7rYQiu

The Sugar Regulatory Administration (SRA) has increased by five percent its allocation for “B” or domestic sugar, and removed the “D” or world market allocation, a press statement from the agency said Friday.

The new allocation will take effect immediately, covering the sugar production of week ending March 15…

March 13, 2015 Sugaronline | http://goo.gl/WKQlvC  

Indian sugar mills will be unable to sign any major export deals despite recent government incentives if prices do not rise about 10% to 14.4 cents per pound, a top industry official said, according to Reuters.

A. Vellayan, president of the Indian Sugar Mills Association, said the struggle to sell sugar…

March 13, 2015 Barron's by Alexandra Wexler | http://goo.gl/cdp8hW

It has been a sour year for sugar futures, and things aren’t likely to sweeten anytime soon. The price of raw sugar is down almost 13% this year, spurred by a slide in the value of Brazil’s currency.

Worries that the political and economic situation might be deteriorating in Brazil, the…

March 13, 2015 The Financial Express | http://goo.gl/AHbOZn  

A weak Brazilian currency coupled with reports of a bumper crop and a glut in the world market could affect Indian sugar exports this season.

With barely 50 days left for the crushing season to end, mills are not willing to produce raw sugar unless there are forward contracts — exporters want…