LUGARI MP Ayub Savula has accused the Jubilee government of being behind problems facing the sugar industry.

Savula said the government has neglected the sector by failing to review the single customs protocol taxation regime by East African Community member states.

"It is unfair for Treasury Cabinet Secretary Henry Rotich to put in place taxation measures for tea and ignore sugar just because the crop benefits people from Western," he said.


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Sugar-Cane Growers in Brazil's State of São Paulo Face Considerable Losses

SÃO PAULO—Sugar cane growers in Brazil's state of São Paulo are facing considerable losses, in terms of production and money, because of wildfires that are being exacerbated by a drought, sugar industry group Unica said on Tuesday.

Some of the fires were started intentionally, and illegally, while others are accidental, according to the organization.

Brazil is the world's biggest producer and exporter of sugar, and the worst drought in about 100 years in São Paulo has already contributed to a cut in the size of the country's cane harvest for the 2014-2015 crop season, Unica said.


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Coming October Contract Expiration, Weather Risks to Brazil's Harvest Earlier Pushed Prices Higher

NEW YORK—Sugar prices trimmed their gains late in Tuesday's session as hefty global supplies weighed on the market.

Investors with bets that prices would fall have been taking profits from their positions since the market ended at a five-year low last week. In addition, the upcoming expiry of the October contract, weather risks to Brazil's harvest, and an uptick in demand for raw sugar from refiners pushed prices higher. But demand petered out just above 16 cents a pound in the March contract.


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Indian soyoil futures recovered on Tuesday due to short-covering, taking cue from sentiment in rival palm oil futures, said trade analysts on Tuesday.

* Malaysian palm oil futures bounced back after hitting a more than one-week low in the previous session, as a recovery in overseas soy markets and a weaker ringgit lifted the tropical oil.

* At 1245 GMT, the key October soyoil contract on the National Commodity & Derivatives Exchange was quoted 1.2 percent higher at 599.5 rupees ($9.8) per 10 kg.


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GOVERNMENT’S decision to review duty upwards on sugar imports will enable local sugar industry players to regain lost market share, a sugar concern has said.

BUSINESS REPORTER
In his mid-term fiscal policy review recently, Finance minister Patrick Chinamasa increased duty on a wide range of imports of finished products, including cooking oil, poultry, soap, maize-meal, flour, beverages, sugar, fresh and canned fruits and vegetables, among others.


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For SY2012-13, the domestic sugar production is marginally higher than domestic sugar consumption (estimated at around 23-23.5 million MT) which together with imports of 0.5 million tons has resulted in a modest surplus, although sugar stocks still remain satisfactory at 6.5- 7.0 million MT or 3 months domestic consumption. The domestic free sugar realisations, which had shown an upward trend between May 2012 to November 2012 (peaking at around Rs.36,000/MT2), have since shown a declining trend falling to around Rs. 31,000/MT by May and June 2013. Competition from sugar produced by processing raw sugar (whose prices remained weak globally because of supply pressures) also continued to prevent any rally in sugar prices.


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NEW DELHI: Subsidiary of EID Parry (India), Parrys Sugar Industries LtdBSE 2.25 % (PSIL) today reported net loss of Rs 20.12 crore for the first quarter ended on June 30.

The company had clocked a net loss of Rs 21.12 crore in the same quarter last fiscal.

The results of the first quarter of 2013-14, are not comparable with results of same quarter year ago, due to demerger of the company from its parent company EID Parry India LtdBSE -0.78 %, the company said in a filing to the BSE.


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THE business sector in Negros Occidental hopes that President Benigno Aquino III would bare his plans about agriculture and the sugar industry during his State of the Nation Address (Sona) on Monday, before the joint session of the Congress.


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Preparations for a strike in Fiji's vital sugar industry are going ahead despite an offer of better wages and conditions.



The Fiji Sugar Corporation has announced it will give sugar workers a a 5.3% pay increase, equal access to health insurance and access to the special welfare fund.

But the Sugar and General Workers Union says it's nowhere near enough, with the pay rise being equivalent to only half a chicken a week.

Union general secretary Felix Anthony tells Bruce Hill that a ballot on taking industrial action will still go ahead from Tuesday.

Radio Australia has approached the Fiji Sugar Corporation for comment, but they have not responded.

Presenter: Bruce Hill

Speaker: Fiji Sugar and General Workers Union general secretary Felix Anthony


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The Renewable Fuels Association (RFA) and CN Railway will co-host two Ethanol Safety Seminars in Wisconsin. The Stanley seminar will be held on Tuesday, April 16th at the Stanley Fire Department, also co-hosted by ACE Ethanol, LLC. The Wisconsin Rapids seminar will be held on Wednesday, April 17th in the auditorium of Mid-State Technical College, also co-hosted by Big River Resources Boyceville, LLC.


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Preliminary data on Renewable Identification Number (RIN) generation issued by the US Environmental Protection Agency (EPA) showed a m/m increase in demand for FAME with hydrotreated vegetable oils (HVO) and fuel ethanol declining slightly.

Y/y, Jan/Feb 2013 demand for FAME and HVO and cane ethanol is up sharply, the data on RIN generation imply, with corn ethanol falling by more than 300 mln gallons.


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The centre will bear an additional annual subsidy of Rs2,600 crore on account of decontrolling the sugar sector for two years, finance minister P Chidambaram said today.

The additional subsidy burden comes at a time when the country's fiscal deficit is estimated to have barely been brought down to levels around 5.2 per cent of its gross domestic product (GDP).


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