Tag: sugar

Brazilian mills cancel as much as 400,000 tons of sugar exports in favor of ethanol

Brazilian mills cancel as much as 400,000 tons of sugar exports in favor of ethanol

May 17, 2022 |

In Brazil, Reuters reports as much as 400,000 metric tons worth of sugar export contracts have thought to have been cancelled in recent weeks in response to higher ethanol prices in light of rising petroleum prices. A trader told Reuters that nearly every company trading sugar with Brazil has suffered from these cancellations leading to […]

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Ethanol premium passes 200 points over sugar as Brazilian crush kicks off

Ethanol premium passes 200 points over sugar as Brazilian crush kicks off

April 4, 2022 |

In Brazil, Platts reports demand for ethanol in light of rising crude oil prices due to the Russian invasion of Ukraine has pushed ethanol prices 208 points above the price for sugar as of April 1 as the sugarcane crush officially kicks off. Hydrous ethanol prices rose nearly 8% in the Center-South region between March […]

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Asian industrial ethanol prices seen higher due to Brazil’s focus on sugar production

Asian industrial ethanol prices seen higher due to Brazil’s focus on sugar production

January 3, 2022 |

In South Korea, Platts reports that it expects industrial ethanol prices to rise in Asia due to higher ethanol prices in Brazil, the region’s traditional supplier. With Brazilian sugarcane mills focused on producing more sugar thanks to high prices for the commodity, ethanol supplies are reduced and therefore prices are higher than they typically would […]

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Platts sees Brazilian ethanol prices linked to continued focus on sugar production

Platts sees Brazilian ethanol prices linked to continued focus on sugar production

December 30, 2021 |

In Brazil, Platts reports that high sugar prices are likely to keep mills focused on sugar production rather than ethanol in 2022, leading to continued high ethanol prices. As usual, the first part of the crush that officially kicks off in April will likely see more ethanol than sugar production, but Platts estimates 46.2% of […]

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South African sugar industry in talks with government for ethanol production subsidy

South African sugar industry in talks with government for ethanol production subsidy

October 7, 2021 |

In South Africa, Bloomberg reports the South African Sugar Association is discussing with the government the possibility of converting the sugar it exports at a loss, some 800,000 metric tons annually, into ethanol from domestic consumption instead. Doing so would turn the finances of the sugar mills and sugarcane farmers around, but only if the […]

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India’s Food Ministry doubles incentive on sugar sacrificed for producing ethanol

India’s Food Ministry doubles incentive on sugar sacrificed for producing ethanol

October 3, 2021 |

In India, The Economic Times reports that with a view to encourage sugar mills to divert excess sugar cane/sugar to ethanol and to achieve targets of blending ethanol with petrol in line with Ethanol Blended with Petrol program, incentive on sugar sacrificed for producing ethanol from B-heavy molasses/sugarcane juice/sugar syrup/sugar has been doubled from October […]

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Indian sugar diversion to ethanol seen at 3.5M tons in 2021/22

Indian sugar diversion to ethanol seen at 3.5M tons in 2021/22

September 7, 2021 |

In India, the Press Trust of India reports that due to record diversion of sugarcane and molasses to ethanol production, sugar production for the coming 2021/22 season is expected to fall to 30.5 million metric tons compared to 30 million tons during the current 2020/21 season. While 2 million tons of sugar equivalent was diverted […]

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South African sugar industry needs ethanol policy to survive

South African sugar industry needs ethanol policy to survive

February 16, 2021 |

In South Africa, Farmers Weekly reports that producing ethanol could help to revive the national sugar industry which has been hit by foreign imports while 800,000 metric tons annually is exported at a loss. The government has been slow to develop and then implement ethanol blending which could serve as a lifeline for the industry […]

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Indian Prime Minister to announce major ethanol support scheme next week

Indian Prime Minister to announce major ethanol support scheme next week

September 15, 2020 |

In India, Zee Business reports that the Prime Minister is looking to announce significant supports to the sugar industry next week in an effort to further boost ethanol production in line with the aim to reduce fossil fuel imports and improve air quality. A meeting was held Tuesday with all major government, private sector and […]

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Brazil playing hardball with sugar-for-ethanol quota swap

Brazil playing hardball with sugar-for-ethanol quota swap

August 31, 2020 |

In Brazil, Reuters reports that US ethanol exporters will likely have to begin paying 20% duty on all ethanol going to Brazil as the country is expected to not renew the tariffs set to expire on August 31. The Trump Administration has sought to keep the tariffs in place at the behest of the US […]

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