Sugar melts and with it the hopes of a quick return to better fortune

Source: https://www.newsy-today.com


Since June, the price of sugar has fallen. To the point of touching the bar of 11 cents a pound and getting closer to one of its lowest levels since 2008.

Posted yesterday at 10:30 Time to Reading 2 min.

Subscribers article

Raw materials. Beet juice, flush with daisies. Normal for a root, will you say. But this consideration is not agronomic. Since June, the price of sugar undergoes a new blow of slack. To the point of touching the bar of 11 cents a pound and approaching one of its lowest levels since 2008. The sugar melts and with him the hopes of a quick return to better fortune.

White powder manufacturers are crushing black. And the planters? The heat wave and the summer drought gave them cold sweats. But the beet is a tough one to cook. In areas that have benefited from waves such as the North, Pas-de-Calais or Alsace, the root continues to grow. Decision was made to wait a bit to reinflate the crop.

Even if the first grubbing is expected mid-September. As a result, the General Confederation of Planters (CGB) estimates today the yield of beet in France at 83.5 tonnes per hectare. This is below the average of the last five years, but slightly better than in 2018. However, the performances vary widely from one region to another.
the other. In Aisne, Oise and especially in Auvergne, the thirsty roots are more puny. In total, the expected production is 38 million tonnes.

They scan the horizon

The challenge for planters is to know at what price their root will be sold. Exercise is delicate for sugar mills. They must convince the 26,000 planters to continue the adventure even if the sugar beet lost its rent status. With the end of sugar quotas in Europe, the safety net of the guaranteed minimum price has frayed. Already this year, the surfaces
planted with beetroot lost some ranks, from 480,000 to 450,000 hectares.

Read also Beetakers fight to save two French sites in Saint-Louis Sucre

The German SüdZucker, which owns Saint-Louis Sucre, and the Cristal Union cooperative have already announced the shutdown of four plants in France in 2020. Like the cooperative Tereos, they are trying to pass the storm; their accounts turned red. All have their eyes on the price of sugar. And hope for a tack to more heavens
clement. They scan the horizon and see signs of improvement. While the
Production levels are falling in Europe, India and Thailand, with the vagaries of the weather, and Brazil is playing the ethanol card, the sugar market should become a deficit again in 2019-2020.

Sugar industry warned of export ban amid rising prices

Source: https://dailybw.com


The government on Friday warned sugar industry that if the commodity’s price continues to show an increasing trend in the domestic market, options of putting a ban on exports maybe explored, claimed a report in Business Recorder.

This message was conveyed to the sugar industry at a meeting of Sugar Advisory Board (SAB) presided over by Prime Minister’s Adviser on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood.

The price of sugar has increased by 29 per cent – from Rs 58.47 per kg to Rs 75.38 per kg in August 2019 which is a cause of concern for the government.

According to the report, Abdul Razak Dawood warned the sugar industry that the government will consider imposition of ban on sugar export if the current increasing trend in its price continues.

Prices of chicken meat, pulses and vegetables up in retail market

Source: https://fp.brecorder.com


A considerable increase in prices of live chicken/meat, pulses, vegetable, fruits and others was witnessed in retail market, according to a survey conducted by Business Recorder here on Sunday. The survey noticed price of live chicken/meat has crossed double century as available at Rs211 per kilogramme which was selling at Rs185 per kilogramme, showing an increase Rs26 per kilogramme in the retail market. However, price of farm eggs was remained unchanged as available at Rs100-110 per dozen.

Cow meat is available at Rs350 and 420 and Rs450 against the price of Rs270 per kilogramme. Mutton beef priced at Rs850 per kilogramme. According to the survey, the price of sugar has decreased at Rs76 per kilogramme which was selling at 80-82 per kilogramme in the previous week. Similarly, good quality gram flour (baisen) was available at Rs100-120 per kilgoramme, while other being sold at Rs80-90 per kg in local market.

A noticeable increase in prices of pulses was also witnessed in retail market, as good quality rice (sela) is being sold at Rs150 per kilogramme which was selling at Rs140 per kilogramme, according to the survey. Toota rice is being available at Rs70-80 per kilogramme. Dal mash is being sold at Rs170-190 against the price of Rs160 per kilogramme.

Rs10 per kilogramme increase was witnessed in price of big-size white channa as available at Rs140 per kilogramme against the price of Rs130 per kilogramme in the previous week. Similarly, Rs20 per kilogrmmme surge was noticed in price of red-bean as being sold at Rs150 per kilogramme against the price of Rs130 per kilogramme in the last week.

However, price of white lobiya has decreased at Rs130 per kilogramme which was selling at Rs140 per kilogramme in the last week. Moonge, is being sold at Rs150 per kilogramme which was selling at Rs140 per kilogrmame in the last week, while dal chilka (green) was being sold at Rs140 and Dal Chilka (Black) being sold at Rs130 per kilogramme.

Price of gram flour (baisen) has also decreased at Rs130 per kilogramme which was selling at Rs120 per kilogramme in the previous week. Fruits are staple food, which had become costlier and complete reach out from purchasing power of common man. As per survey, apples are being sold at Rs140-150 per kg, peach at Rs120 per kilogramme, mangoes within range of Rs80 and Rs100, apricot at Rs150-160 per kilogramme, banana at Rs70-80 per dozen, black-coloured plums at Rs100-120 per kg, grapes are being sold at Rs200 per kilogramme, mukesh melon was being sold at Rs150-200 per piece with different size and guava was available at Rs80-100 per kilogrmame.

The survey noticed that price of ginger has increased at Rs400 per kilogramme which was selling at Rs300 per kilogramme in the previous week. Similarly, the price of garlic had also gone up at Rs280 per kilogramme against the price of Rs180-200 per kilogrmme in the last week.

Tomatoes are being sold at Rs50-60 which was selling at Rs40 per kilogrmme in the last week. Onion was priced at Rs70-80 per kilgoramme against the price of Rs50 per kilogramme in local market. According to the survey, cucumber is being sold at Rs60 per kilogramme against the price of Rs40 per kilogramme. Green chili was available at Rs120 per kilogramme. Lemon is being sold at Rs100 per kilogram which was selling at Rs120 per kg in the last week, it added.

Global Trends in the Affordability of Sugar-Sweetened Beverages, 1990–2016

FULL REPORT Source: https://www.cdc.gov


Introduction

The objective of this study was to quantify changes in the affordability of sugar-sweetened beverages, a product implicated as a contributor to rising rates of obesity worldwide, as a function of product price and personal income.

Methods

We used international survey data in a retrospective analysis of 40 high-income and 42 low-income and middle-income countries from 1990 to 2016. Prices of sugar-sweetened beverages were from the Economist Intelligence Unit’s World Cost of Living Survey. Income and inflation data were from the International Monetary Fund’s World Economic Outlook Database. The measure of affordability was the average annual percentage change in the relative-income price of sugar-sweetened beverages, which is the annual rate of change in the proportion of per capita gross domestic product needed to purchase 100 L of Coca-Cola in each country in each year of the study.

Results

In 79 of 82 countries, the proportion of income needed to purchase sugar-sweetened beverages declined on average (using annual measures) during the study period. This pattern, described as an increase in the affordability of sugar-sweetened beverages, indicated that sugar-sweetened beverages became more affordable more rapidly in low-income and middle-income countries than in high-income countries, a fact largely attributable to the higher rate of income growth in those countries than to a decline in the real price of sugar-sweetened beverages.

Conclusion

Without deliberate policy action to raise prices, sugar-sweetened beverages are likely to become more affordable and more widely consumed around the world.

Our Country Is Blessed By Sugar

Source: https://fijisun.com.fj


Fiji Sugar is still preferred around the world, said c (FSC) chief executive officer Graham Clark. During the FSC talanoa session with farmers at Ellington Primary School, Rakiraki he said: “Everywhere Fiji Sugar is still preferred around the world,” said c (FSC) chief executive officer Graham Clark.

During the FSC talanoa session with farmers at Ellington Primary School, Rakiraki he said: “Everywhere I go in the world, people talk about Fiji sugar because for many years it had a very good reputation.

“People like Fiji sugar because they like the colour and the taste. This is a very good thing for us.

“We make more sugar, right quality, people like it, and we can sell it.

“So the next step after fixing the sugarcane mills, is producing the right quality of sugar.

“I have heard people crying because the price of sugar from Europe has increased.

“We now compete with Australia, Thailand and Indonesia. China is a big producer now and they sell at very low cost,” he said.

Mr Clark said we are ahead of our Pacific Island neighbours.

Mr Clark believes that even though the world price fluctuates, Fiji is capable of staying on top of the major sugar exporters’ list.

“And because of that  I believe we can deliver at a better price,” he said.

ISSUES RAISED AT THE TALANOA SESSION:

Sugarcane farmers raised concerns about the land issue stating that they are required to pay a large sum of rent. It was discovered that some farmers now pay $1000 which is triple the amount that they used to pay.

Farmers had also requested that FSC repair the road in the area as they face difficulty in transporting their harvested sugar cane to the mill.  FSC assured them that the matter will be dealt with quickly.

Sri Lanka consumer protection agency warns errant traders raising price of sugar

Source: http://www.colombopage.com


Sri Lanka’s consumer protection agency, Consumer Affairs Authority (CAA) warned the errant traders that the agency has strengthened the detection and will take stern action against the errant traders who raise price of sugar.

Releasing a statement the CAA said as white sugar falls under the category of essential goods, permission must be obtained from the authority before any increase in price.

Accordingly the statement said any price hike pertaining to white sugar violates CAA policy.

The Consumer Affairs Authority has also taken steps to inform importers of essential goods of the regulation.

The government on Wednesday increased the Special Commodity Levy on one kilogram of imported to Rs 23.00 from Rs 13.00, but said that there is no impact on the selling price of sugar in the market as the world market price on sugar is continuously declining.

The Government said it intends to pass the benefit of the increased levy to the farmers engaged in sugarcane cultivation.

Coalition For Sugar Reform: US-Mexico Sugar Announcement A Bad Deal

Source: https://www.perishablenews.com


Washington, DC – The Coalition for Sugar Reform released a statement following the joint U.S.-Mexico announcement regarding negotiations on Mexican sugar imports:

“Today’s announcement is a bad deal for hardworking Americans, and exemplifies the worst form of crony capitalism. The agreement in principle does not address the fact that the price of sugar in this country is already 80 percent higher than the world price. In fact, it will result in higher prices, costing U.S. consumers an estimated $1 billion a year. What the agreement does do is solidify that it’s time for Congress to shoulder the responsibility of fixing this broken program in the 2018 farm bill if not before. U.S. sugar policy should empower America’s food and beverage companies to create more jobs, not put hundreds of thousands of good-paying U.S. jobs at risk just to benefit one small interest group.”

The United States is a net importer of sugar, and until the U.S. sugar industry filed anti-dumping and countervailing duty cases in February 2014, there was free trade in sugar between the United States and Mexico since early 2008. Mexico has become an integral part of the North American sugar trade and is a critical supplier of sugar to the United States.

Learn more about how Congress can make U.S. sugar policy work for America at www.SugarReform.org.

About the Coalition for Sugar Reform:

The Coalition for Sugar Reform (www.SugarReform.org) represents consumer, trade, and commerce groups, manufacturing associations, and food and beverage companies that use sugar — including confectioners, bakers, cereal manufacturers, beverage makers and dairy companies — as well as the trade associations for these industries.

Source: Coalition for Sugar Reform

Gov’t reduces cost of milk and sugar

Source: https://citizentv.co.ke


The government has reduced the price of milk and sugar. The State, on Thursday, June 8 announced a reduction in the price of these commodities in an attempt to cushion consumers from the rising cost of living, a situation that has become a campaign tool for the opposition.

This move will see the price of milk reduce from Ksh 60 to Ksh 50 and a reduction of the price of sugar from Ksh 160 to Ksh 120 going by the current market rates.

The prices are expected to be effective as from Monday, June 12, 2017.

The government spokesperson, Eric Kiraithe, explained that the reduction in the price of these two commodities has taken time because the government was trying to avoid bottlenecks that the maize flour subsidy program has faced.

“In April, the government waived duty on imported sugar and powdered milk which is coming to effect now. We have been deliberating on the logistics with the dealers and stakeholders to ensure that we do not face the same challenges we encountered with the maize,” Kiraithe said in reference to a Kenya Gazette notice dated May 11 that waived tax following the countrywide drought that saw a rise in the price of basic commodities.

The Government spokesperson told off opposition leader Raila Odinga over his claims that Jubilee had opted to ship in maize from Mexico instead of Ethiopia in order to capitalize on various costs that might accrue from the importation.

He termed Raila’s assertion that the maize from Ethiopia was cost-effective as ‘misguided’.

Kiraithe  said that the state had sent a delegation led by Agriculture Cabinet Secretary, Willy Betty, to Ethiopia to negotiate maize import costs.

“President Uhuru Kenyatta sent a delegation to Ethiopia in February this year and the government has so far allowed for the importation of 13,000 metric tonnes of maize into Kenya,” he said.

Kiraithe explained that after engaging the millers who had an interest in importing maize it was agreed by Kenyan officials that importing maize from Ethiopia would be costly.

“It became clear that a 90kg bag of maize from Ethiopia would retail at between Ksh 4,400 and Ksh 5,000 given the obtaining dependent variables. The notion that this maize will be cheap is, therefore, grossly misguided,” Kiraithe said.

MP wants Kidero prosecuted over Mumias Sugar collapse

Source: https://www.nation.co.ke


Mumias East MP Benjamin Washiali, who has said Nairobi Governor Evans Kidero should be prosecuted over the collapse of Mumia Sugar Company.

An MP has called for the prosecution of Nairobi Governor Evans Kidero for “killing” Mumias Sugar Company.

In what could rekindle a blame game over the struggling sugar miller, Mumias East MP Benjamin Washiali claims the former Mumias Sugar boss should be held responsible for woes the company is going through.

While the MP alleges Dr Kidero contributed to the downfall of the company, the Nairobi governor has previously denied any wrongdoing, saying he left the firm in 2013 when it was still in good financial health.

But the decision to drag him back into the fold for blame emerged after opposition politicians said the government had contributed to killing sugar factories in western Kenya, which has been the main source of livelihood for people there.

National Super Alliance (Nasa) leaders spoke as a letter surfaced claiming that Mr Washiali had tried to seek money from Mumias for Jubilee campaigns.

On Friday, the MP termed the document a forgery and instead pushed back the blame to opposition leaders, saying they looked the other way when it came to Mr Kidero.

“A critical look at the ailing sugar sector shows that key Nasa leaders engineered the fall of sugar companies in Western Kenya and are today using the proceeds they milked from the firms to finance the opposition,” he claimed.

On Tuesday, Deputy President William Ruto accused Nasa leaders, previously in the coalition government, of taking Mumias to its knees.

“Mr Kidero should tell his friend (Raila) to repay the debts he owes the sugar factory so that farmers who are suffering due to financial difficulties and poor management of the factory in the past can be paid their money,” he said at Matungu in Kakamega County.

The Odinga family officially deny owing Mumias money and have explained that the transaction they did with the company was through a secured bank loan.

Mumias Sugar Company, the largest sugar miller in the country, was making profits until 2012, when it plunged into huge losses.

In 2015, President Uhuru Kenyatta, during a tour of western Kenya, presented to the management of the company, a Sh1 billion bailout cheque and announced a revival strategy that included undertaking a rights issue to raise approximately Sh4 billion.

But those efforts are still to bear fruit, with the country still experiencing sugar shortages. This week, Agriculture Cabinet Secretary Willy Bett said his ministry has intervened to lower the price of sugar, which currently goes for Sh150 a kilo.

“Sugar prices have been addressed and by next Monday, the price of 1kg of sugar will start retailing at Sh120,” he said.