World news

Indonesia's trade ministry said in a statement that it would slash taxes on raw sugar imported from Australia to 5 percent. It is reported by Reuters. Previous tax rate was 8-13 percent. Australia in return will cut taxes on incoming Indonesian pesticide, the statement said.

After sugar beet from a variety of places throughout US sown area were tested in Sidney Sugars’ tare lab last week, factory officials were pleased with the numbers that they saw. It is reported by Sidney Herald. Duane Peters, ag manager at Sidney Sugars, said the tests showed an average of 32 t/acre and a sugar content of 18%. At the end of last year’s harvest, the...

In Lypetsk region of Russia nearly half a million tonnes of sugar beet are harvested. The crop is harvested in almost one tenth of the total area, which is about 116 ths ha this year. It is reported by LipetskMedia. In Dobrynsk, Gryazinsk, Krasninsk, Lebedyansk districts sugar beet are harvested on 12-16% of the sown area. This is the highest results in the region. ...

The government-owned Salt Trading Corporation (STC) has imported 25 ths. t of sugar from India to ensure that there is an adequate supply of the sweetener during the coming festival season, an official said. The Kathmandu Post reports. The STC will import the remaining 25 ths. t by November through ten consignments of 2,5 ths. t of sugar. The sugar was imported from Renuka Sugar Mills in West Bengal...

Argentina's sugar production rose 3,3% — to 2,02 mln t in 2016, compared to 2015, with about 12,82 mln t of sugarcane being crushed, according to a recent report by INTA. Portal Cania reports. Tucuman accounted for 1,36 mln t of the sugar produced and prices remained high at ARS 400-420/50kg bag (USD 23-24/50kg bag), it said. The sugarcane sector witnessed growth...

Sugar refineries of Bashkortostan are planning to start sugar beet processing from September, 10. It is reported by Sugar.ru. According to the Minister of Agriculture of Bashkortostan, Ilshat Fasakhmanov, at the beginning of this week the average weight of sugar beet in the republic e...

Sugar producers and wholesalers in Russia’s Primorye region are struggling with a sugar surplus which has brought prices down by 20% during the first half of 2017, from RUB 42,1/kg (USD 0,73/kg) to RUB 33,9/kg (USD 0,59/kg). «Zolotoy Rog» reports. Wholesalers fear that prices may fall further on better harvest this year as more area has come under sugar beet and yields have improved, and an expert suggested...

In this agricultural year Russia can increase sugar exports to 0,5 mln t, predicts General Director of «RusAgro», Maksym Basov. It is reported by the press-service of IKAR. «The volume of supplies will depend on winter conditions, but Russia will export 0,5 mln t», — said Maksym Basov. Sugar w...

The Fiji Sugar Corporation (FSC) has received several enquiries from Japan, Taiwan, Korea, China and Dubai who are all attracted to sugar quality. FBC reports. Chief Executive, Gharam Clark, says these countries also have the ability to benefit from lower freight rates due to Fiji being closer than some other sugar suppliers. He says ...

The tax on sugary drinks was proposed two years ago in an attempt to halt diseases linked to obesity, which are fuelled by sugary drinks. The proposed tax on sugary drinks is likely to be introduced in April 2018, although there is still disagreement on the exact level of tax. Health24 reports. Initially, Treasury proposed a 20% tax but this year it offered a compromise –  exempting the first 4 g of sugar per 100 ml from the tax – to encourage industry t...