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Govt to disband development council for sugar industry

noreply@blogger.com (Manmeet N) — Wed, 12 Nov 2014 06:21:00 +0000

New Delhi: Aiming to weed out archaic laws and committees, the food ministry has decided to disband the 56-year old Development Council for Sugar Industry (DCSI) saying the statutory body is no longer relevant after decontrol and de-licencing of the sugar sector.

DCSI was set up way back in 1954 under the Industries (Development and Regulation) Act. The Council looked into issuance of licences for setting up of new sugar mills and other issues related to the sector. DCSI has normally been reconstituted after expiry of two years tenure.

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Improvement, innovation in the corn-ethanol industry

noreply@blogger.com (Manmeet N) — Wed, 12 Nov 2014 06:19:00 +0000

I always like seeing new examples of innovation and improvement at first generation ethanol plants, proving that it’s not only the cellulose ethanol industry that is aiming for advanced technologies.

After writing many articles about corn-ethanol producers working to improve energy efficiency, reduce water use and implement new technologies to make their plants run better and more profitably, there’s no doubt in my mind that I’m covering an industry that’s always moving forward. Not everybody realizes this.
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Mauritius's sugar cane growers bend but don't break

noreply@blogger.com (Manmeet N) — Mon, 20 Oct 2014 05:06:00 +0000

As we drive around the island of Mauritius, I suddenly realise we've driven a few kilo meters and I've seen nothing but sugar cane. Sugar cane is everywhere in Mauritius.

The tall green plants cover a third of this Indian Ocean island which is roughly the same size as Luxembourg. Sometimes the stalks stand up straight, and at other times, they slant - a built in resistance for survival on a windswept island.
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Turleys set to build €250m ethanol plant in Macedonia

noreply@blogger.com (Manmeet N) — Mon, 20 Oct 2014 05:03:00 +0000

Greg Turley and his brothers, who sold online car rental business Cartrawler, are planning a vast €250m investment to build an bio-fuel plant in Macedonia in partnership with US industrial behemoth DuPont.

The consortium plans to export cheaply produced ethanol into the lucrative European market when the plant is built in 2016. It will use cutting edge cellulosic ethanol technology which has been developed and commercialised by DuPont.
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Akhilesh plans to set up Rs 400-cr sugar mill in father Mulayam’s constituency

noreply@blogger.com (Manmeet N) — Sun, 12 Oct 2014 12:44:00 +0000

The Samajwadi Party government plans to set up a new sugar mill at the cost of nearly Rs 400 crore in party chief Mulayam Singh Yadav’s parliamentary constituency Azamgarh. The proposed mill will be set up on the land of cooperative sugar mill which has been lying defunct for the past decade.

A proposal for setting up the new sugar mill by Uttar Pradesh Cooperative Sugar Mill Federation (UPCSMF) has been sent to Chief Minister Akhilesh Yadav for final clearance. “The proposal has been prepared due to the keen interest of Chief Minister Akhilesh. The new sugar mill will be set up at Sathiaon in Azamgarh,” a senior official told The Sunday Express.
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EU raids ethanol groups in energy price fixing probe

noreply@blogger.com (Manmeet N) — Sun, 12 Oct 2014 12:41:00 +0000

Brussels has stepped up its probe into price fixing in energy markets, raiding several companies in two European countries involved in producing and trading the biofuel ethanol.

The European Commission confirmed that it mounted the unannounced inspections on Tuesday, acting on concerns “that price benchmarks may have been distorted through anti-competitive behaviour”.
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New kind of ethanol plant marks opening in Hugoton

noreply@blogger.com (Manmeet N) — Sun, 12 Oct 2014 12:39:00 +0000

The Abengoa Bioenergy plant in Hugoton, which converts plant cellulose into ethanol, will celebrate its grand opening Oct. 17 with a visit from U.S. Energy Secretary Ernest Moniz.

The plant was built to produce 25 million gallons of ethanol from nearly 350,000 tons of biomass annually. Most ethanol operations use corn or other grain kernels, rather than the cheaper and much more abundant plant cellulose, such as contained in corn cobs, wheat straw or switch grass.
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Advanced Ethanol Makers Are Trying To Give Big Oil A Run For Its Money

noreply@blogger.com (Manmeet N) — Thu, 09 Oct 2014 16:28:00 +0000

Big Oil can’t put the brakes on a new renewable fuels factory in Iowa — one that will seek to supplement petroleum with next-generation cellulosic ethanol. The “Project Liberty” facility will consume 285,000 tons of biomass a year to produce up to 25 million gallons annually of bio-ethanol.

What makes this deal noteworthy is that, if successful, it would help move the nation away from the controversial corn-based ethanol era and into the cellulosic ethanol period, or one that relies on wood, grasses and inedible plants. The benefits are that cellulosic ethanol is abundant in nature, however, the cost of converting such biomass to a transportation fuel is prohibitively expensive.
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Sugar mill defaults on bank loans, others may follow

noreply@blogger.com (Manmeet N) — Thu, 09 Oct 2014 16:25:00 +0000

MUMBAI: Plunging sugar prices have forced at least one sugar mill to default on bank loans and could drive others to do the same, the latest sign of the heavy toll a four-year-old supply glut in the country is taking on producers of the sweetener.

One of the country's largest sugar mills, Mawana Sugars Ltd, has defaulted on 2.5 billion rupees ($40 million) of outstanding loans from a consortium of lenders, according to an official from the company.

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Kenya: Jubilee Killing Sugar Industry

noreply@blogger.com (Manmeet N) — Wed, 01 Oct 2014 08:04:00 +0000

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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Fire and Drought Scar Brazilian Sugar Crop

noreply@blogger.com (Manmeet N) — Wed, 24 Sep 2014 14:56:00 +0000

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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Raw Sugar Pares Gains as Market Resumes Focus on Supply Glut

noreply@blogger.com (Manmeet N) — Wed, 24 Sep 2014 14:54:00 +0000

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 soy complex up on short-covering; sugar gains

noreply@blogger.com (Manmeet N) — Tue, 23 Sep 2014 14:59:00 +0000

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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Hippo Valley welcomes sugar duty review

noreply@blogger.com (Manmeet N) — Tue, 23 Sep 2014 04:54:00 +0000

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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Sugar profitability to decline in SY2012-13: ICRA

noreply@blogger.com (Kamal) — Mon, 05 Aug 2013 15:29:00 +0000

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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Parrys sugar reports Q1 net loss at Rs 20.12 crore

noreply@blogger.com (Kamal) — Mon, 22 Jul 2013 15:44:00 +0000

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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Plans on agriculture, sugar expected during Sona

noreply@blogger.com (Kamal) — Mon, 22 Jul 2013 15:42:00 +0000

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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Fiji sugar strike still on despite wage offer

noreply@blogger.com (Kamal) — Mon, 22 Jul 2013 15:41:00 +0000

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

Ethanol Safety Seminars Scheduled for Two Wisconsin Towns

noreply@blogger.com (Kamal) — Mon, 08 Apr 2013 15:30:00 +0000

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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United States - RIN generation from corn ethanol down sharply y/y

noreply@blogger.com (Kamal) — Mon, 08 Apr 2013 15:29:00 +0000

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.

Govt to bear Rs2,600-cr extra PDS sugar subsidy for 2 yrs

noreply@blogger.com (Kamal) — Mon, 08 Apr 2013 15:25:00 +0000

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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Partial sugar decontrol: Cane growers divided over impact

noreply@blogger.com (Kamal) — Mon, 08 Apr 2013 15:24:00 +0000

New Delhi, Sugarcane growers are divided over the impact of the partial decontrol measures announced by the Government on Thursday.

The farmers in the North, especially Uttar Pradesh, are sceptical over the sugar factories passing on the gains to them arising from the removal of the levy system. This is even as total cane arrears across the country in the current sugar year increase to over Rs 10,694 crore, with Uttar Pradesh accounting for over half of it at Rs 5,800 crore, followed by Karnataka and Tamil Nadu.
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U.S. Ethanol Mandate Puts Squeeze on Oil Refiners

noreply@blogger.com (Kamal) — Mon, 11 Mar 2013 14:49:00 +0000

The cost of complying with a federal mandate to use corn ethanol in fuel has risen sharply in the past few months, putting a squeeze on oil refiners.

The price of each credit that refiners need under the law topped $1.00 Friday, up from just a few cents last year.

"Eventually that cost is going to get passed along," said Bill Day, a spokesman for Valero Energy Corp., VLO -2.32% which sells gasoline to about 5,000 filling stations in the U.S.
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Sugar industry's secret documents echo tobacco tactics

noreply@blogger.com (Kamal) — Mon, 11 Mar 2013 14:47:00 +0000

When Cristin Couzens went on the hunt for evidence that Big Sugar had manipulated public opinion, she had no idea what she was doing. She was a dentist, not an investigative reporter. But she couldn't let go of the nagging suspicion that something was amiss.
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