Aid package for mills to export sugar likely to get nod as industry struggles with soaring stocks

Source: https://timesofindia.indiatimes.com NEW DELHI: The Union Cabinet on Wednesday is likely to approve a mega assistance package for sugar mills to export nearly 8 million tonne during 2019-20 sugar year starting October as the industry struggles to deal with a huge glut of the sweetener. Sources said the package could be of approximately Rs 9,000…

Sugar Polymers Market to Witness Soaring Growth During 2018-2028

Source: https://theguardiantribune.com Sugar polymer are the simplest building block of a carbohydrate. Carbohydrates are made of monosaccharides, which are the simplest form of a sugar polymers. Saccharides mean sugar and mono means single, being a single molecule of sugar polymers. Sugar polymers can be divided into four types: monosaccharide, disaccharides, oligosaccharide and polysaccharide. Sugar polymers…

Sugar futures plummet as supply glut pushes prices to near decade lows

Source: https://warriortradingnews.com The past few weeks have been particularly challenging for sugar traders as August proves to be one of the worst months for the commodity in almost a decade. Raw-sugar prices are moving downwards and could reach the biggest one-month decline seen this year, having declined by 6.4 percent to just 11 cents per…

Indian Sugar Glut Pushes Prices Close to Decade Lows

Source: https://www.wsj.com New Delhi is expected to renew subsidy program that will boost exports from the world’s biggest sugar producer. Raw-sugar prices are on course for their biggest one-month decline this year, having fallen 6.4% to 11 cents a pound in the New York futures market. The sweet ingredient has rarely been cheaper since prices…

Opinion – Big Sugar’s assault on the Everglades

Source: https://www.palmbeachpost.com Some Americans are aware that the federal sugar program makes their food cost more. But few know this same program is causing environmental wreckage in Florida that their tax dollars will have to pay for. The sugar program, known to its many critics as the “sugar racket,” is a tangle of price supports,…

US-Mexico sugar deal may bode well for NAFTA renegotiation

Source: https://www.agri-pulse.com The U.S. and Mexico were able to reach agreement on how to regulate Mexican sugar exports, and officials from both sides of the border are saying that’s a strong sign that the countries will be able to successfully renegotiate the North American Free Trade Agreement. The agreement isn’t final yet – U.S. Commerce…

Not Everybody Thinks The U.S.-Mexico Sugar Deal Is So Sweet

Source: https://www.mediapost.com The U.S. government says it got just about everything it wanted in a preliminary trade deal that would curtail Mexico’s “dumping” subsidized sugar north of the border but a sugar trade group claims there’s a loophole and has refused to endorse it yet. Manufacturers of sugary treats in the U.S., meanwhile, will see…

Special commodity levy of sugar and wet fish revised

Source: http://www.sundaytimes.lk Special commodity levy of sugar and wet fish have been revised, the Treasury informed today. Accordingly the special commodity levy on imported wet fish has been reduced by Rs 25.00 per kilogram as effective from today. The Finance Ministry said that the decison was taken considering the recent bad weather condition which affected…