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- Here are the top articles from past week.
Raw Sugar Prices Slip as Front Month Discount Widens
Nasdaq | 27th September 2021
Raw sugar futures on ICE were low on Monday, with the October contract’s discount widening in the run-up to its expiry later this week as poor demand continued to undermine the market. October raw sugar SBc1 fell 0.8% to 18.94 cents per lb by 1406 GMT.
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Alberta Sugar Beet Growers Pushing for Federal Sugar Policy
MSN | 27th September 2021
According to the Alberta Sugar Beet Growers (ASBG), Canada only produces 8 to 10 percent of the sugar that is consumed within the country, something the organization wants to change. The group is pushing the federal government to implement a domestic sugar policy that would gradually increase the amount of Canadian sugar within Canada’s borders.
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Sri Lankan Food Importers Hit by US Dollar Shortages
The Free Press Journal | 26th September 2021
Over 1,000 containers of essential food items are stuck at the Colombo port as importers struggled to meet their import bills due to the US dollar shortage in the country. In recent weeks, prices of most essential goods have skyrocketed due to the falling local currency and high global market prices driven by the COVID-19 pandemic.
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Jet Fuel Offers Major New Demand Potential for Farmers
Agri Pulse | 30th September 2021
America’s corn and soybean farmers will soon start providing the feedstocks for sustainable aviation fuels, hence guaranteeing more profits. Colorado-based Gevo is building a comprehensive ag-based fuel operation in South Dakota that is expected to purchase 30 million bushels of corn to produce 340 million pounds of high-protein animal feed, 30 million pounds of corn oil, and 46 million gallons of jet fuel every year.
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India’s Oil Demand Ceiling Miles Away Despite Energy Transition
Hellenic Shipping News | 29th September 2021
According to Nayara Energy’s CEO, India is unlikely to see its oil products demand hitting the ceiling at least until 2035, although the energy transition process will create opportunities for the electric vehicle charging space and biofuels in the coming years. India’s fuel ethanol consumption is expected to reach nearly 3 billion liters in 2022 and 3.2 billion liters in 2023, up from an estimated 2.7 billion liters in 2021. That would equate to an ethanol blending rate of roughly 6.1% and displace 30,973 b/d of fossil fuels.
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Uttar Pradesh to Begin Ethanol Production from Cane from October
The Pioneer | 28th September 2021
Uttar Pradesh will commence ethanol production directly from sugarcane from the next cane crushing season starting from October. UP is the top producer of ethanol in India, and more use of the commodity for blending with petrol will help the industry to earn more revenue and clear the payment of the farmers.
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Algeria Bought 500,000 to 550,000 Milling Wheat in Tender
Hellenic Shipping News | 29th September 2021
Algeria’s state grains agency OAIC purchased about 500,000 tonnes to 550,000 tonnes of optional-origin milling wheat in an international tender. This was similar to estimates made on Tuesday evening after the tender closed. Estimates of purchase price remained around $364 a tonne c&f.
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Kazakhstan Resumes Grain, Flour Supplies to Afghanistan
APK-Inform | 29th September 2021
The director of the department of plant product production and processing at the Ministry of Agriculture, Azat Sultanov, said that Kazakhstan resumed supplies of grain and flour to Afghanistan. He added that Afghanistan is a key destination for flour and grains, and supplies are now expected to continue smoothly.
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U.N. Tenders For 200,000 Tonnes Wheat for Ethiopia
Nasdaq | 27th September 2021
A United Nations agency has issued an international tender to purchase about 200,000 tonnes of milling wheat on behalf of the Ethiopian government. The deadline for submission of price offers in the tender is Oct. 8. Four 50,000 tonne consignments are sought, with deliveries to be made to a series of inland destinations in Ethiopia. Delivery is required 90 days after contract signing or earlier if possible.
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Kazakh Entrepreneurs Promote Eco-Friendly Recycling Strategies to Tackle Problem of Plastic
The Astana Times | 30th September 2021
Kazakhstan’s Packaging Association, an organization that represents paper and package producing factories, suggested the government adopt a closed cycle strategy for processing used plastic bottles. This means all plastic waste should be collected by domestic recyclers, reprocessed and the earned money invested in infrastructure and promotion of cleaner, greener environmental practices.
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Texas A&M Researchers Receive $2 Million Grant to Develop More Efficient Plastic Waste Strategy
MSN | 30th September 2021
Researchers at Texas A&M have been given a $2 million grant from the National Science Foundation to create a more efficient strategy to deal with plastic waste. The team will use a collection of bacteria and fungi to degrade certain types of plastics. These microorganisms already occur in nature, but they degrade plastics naturally at an extremely slow rate. The research aims to find the optimal combination of these plastic-degrading microbes to make the process more efficient.
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From Recycling to Upcycling: A Smarter Way of Dealing with Plastic
Scimex | 29th September 2021
Globally only about 20% of waste plastics are recycled. Boosting that figure remains a challenge as recycling plastic cleanly can be expensive and usually produces lower-value products, often making it financially unviable. A new method from researchers at RMIT University can produce high-value products from plastic – carbon nanotubes and clean liquid fuel – while simultaneously upcycling agricultural and organic waste. Kalpit Shah, a Lead researcher Associate, says that this new approach could deliver significant financial and environmental benefits.
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Aussie Farmers Faring Well Despite COVID Headwinds
Dairy News | 29th September 2021
Australia’s dairy industry is on track for a slight increase in milk production this season. The current production forecast suggests rise of up to 2%, which would equate to a national milk pool of 8.8 to 9 billion litres.
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30 Animal Feeds Firms Close Shop in Kenya in Two Months
The Citizen | 28th September 2021
Thirty animal feed manufacturers have closed down in a span of two months as a shortage of raw materials and a sharp decline in demand from farmers pushed them out of business. Manufactures are grappling with a tight supply of important ingredients such as soya and sunflower cakes, whose prices have more than doubled after Zambia – which was Kenya’s key source market – imposed a ban on exports.
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