January 25, 2015
By Reuters
Thai sugar was offered at premiums almost double from a week ago as recent imports of nearly 800,000 tonnes of Brazilian sugar by Asian countries indicated demand was on the rise, dealers said. The widely traded high polarisation, or hipol, Thai raws for delivery over March to May were offered at 60 points above New York futures, up from 35 points in the previous week.
January 24, 2015
The Hindu By Ramnath Subbu
Industry burdened with massive surplus stock
The sugar industry, which is burdened with a massive surplus stock and alarmingly low prices, is eagerly awaiting the government’s announcement on the continuation of the export subsidy on raw sugar exports.
According to manufacturers, this will help the industry reduce its huge stocks.
January 23, 2015
Moneylife, By AK Ramdas
The state government has sought interest free loans, restructuring of financing for sugar mills and providing interest-free bridge loans from the sugar development fund.
January 23, 2015
The Guardian
As soon as the Governor General signs the Amendment to the Sugar Industry Act, the crop will start and include all cane farmers, much to the relief of the cane farmers, civil society, and the Government.
January 23, 2015
DNA India, By Shailendra Paranjpe
Political interference, corruption, personal interests, and want of professional management have melded together to create a financial moras in a key constituent of the state economy, the cooperative sugar industry. This year again, the sugar factories are facing problems for being unable to pay the fair and remunerative price (FRP) as decided by the union government.
January 23, 2015
The Guardian, By Radica Sookraj
Twelve years after the closure of the sugar cane industry, Cabinet has finally approved $130 million compensation for cane farmers to be used for agricultural diversification.
The funds were provided by the European Union (EU) to address the negative social and economic impact of the closure of Caroni (1975) Limited in 2003.
January 23, 2015
The Moscow Times By A. Astakhova / Vedomosti
Russia's anti-monopoly watchdog said Friday it had launched two cases against companies suspected of colluding to artificially hike the price of sugar, as authorities step up efforts to curb rapid food price inflation.
The price of sugar jumped 40 percent in Russia last year, according to official statistics, and the watchdog said it had received a record number of consumer complaints about sugar prices this year.
January 23, 2015
Farm & Ranch Guide, By Sue Roesler
U.S. sugar producers have essentially won the Mexico sugar dumping lawsuit.
The U.S. Department of Commerce (DOC) signed agreements with Mexico last month that ended the investigation into Mexico dumping subsidized sugar on the U.S. market, according to Phillip Hayes, a spokesman for the American Sugar Alliance.
January 23, 2015
Nasdaq
By Dow Jones Business News
The Brazilian government will approve an increase in the amount of ethanol mixed into the country's gasoline in the first week of February, Agriculture Minister Katia Abreu said Thursday.
January 22, 2015
Bloomberg
By Pratik Parija and Prabhudatta Mishra
The sugar harvest in India, the world’s biggest producer after Brazil, is forecast to climb to the highest level since 2012, increasing pressure on the government to subsidize exports and trim stockpiles. Futures declined.