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Tag: sugar
New sugar project deserves support
2015-01-16 08:18:57| Sugar Industry News
Some local leaders, including opposition MPs, have persistently resisted the project, alleging that it was a ploy by the government to grab their land. The land in question is mostly customary, which means no individual can claim bona fide ownership. Thus local leaders advised Madhvani Group and the government to engage the community. But even this did not work, until last week's announcement.
Tags: support
project
sugar
deserves
Mountains of world inventory keeping sugar in bear hug
2015-01-16 08:18:57| Sugar Industry News
Raw sugar on Intercontinental Exchange( ICE) in New York has seen a fall of 60 per cent from a 30-year high of 36.08 cents a pound since February 2011 as the world market remains overwhelmed by mountains of stocks in major production centres, including India and also big importing countries like China. London-based sugar advisory group C Czarnikow says in the past three seasons alone, as much as 21 million tonnes (mt) in raw sugar terms were added to world inventory. Notwithstanding unfavourable weather to impact production from Brazil to Australia during 2014-15 (October-September), the global surplus, according to International Sugar Organisation (ISO), will still be 473,000 tonnes. Czarnikow, however, thinks world production this season will be ahead of demand by 600,000 tonnes. Taking a contrary position, the US Department of Agriculture (USDA) says this season will be the first since 2009-10 to see a rundown in sugar inventories. USDA estimates inventory depletion of 1.41 mt. How much sugar the cane crop will yield depends on weather during the growing period and therefore, every season is marked by periodic revision of production estimates. What, however, is unlikely to undergo correction is the Czarnikow forecast of world use growing 2.1 per cent in 2014-15 to 182.5 mt.
Tags: world
keeping
bear
inventory
Ethiopia: Wonji-Shoa Sugar Factory Boosts Production to Ease Shortage
2015-01-15 07:30:56| Sugar Industry News
Wonji-Shoa Sugar Factory has started producing with full capacity making 7221 quintals of sugar per day to curb shortage of the sweetener that recently gripped the nation.
Tags: production
factory
ease
sugar
Kiwis don't want sugar tax
2015-01-15 07:30:56| Sugar Industry News
Few Kiwis want to see sugar taxed despite most seeing it as a health vice, a survey shows. Nearly two-thirds of respondents in the Southern Cross Health Society's annual health survey believed they should consume less sugar, and 73 per cent believed it was a contributing factor to the country's obesity problems.
Taxing sugar not the answer - Taxpayers' Union
2015-01-15 07:30:56| Sugar Industry News
Responding to the NZ Herald reporting on an opinion survey commissioned by the Southern Cross Health Society which had 39 percent of respondents supporting a tax on sugary drinks, Taxpayers\' Union Spokesman Ben Craven says:
Tags: answer
union
sugar
taxpayers
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