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- We have all the Sugar, Ethanol, Grains, Dairy and PET news you need on the Czapp News Feed.
- The Czapp News Feed uses Artificial Intelligence to filter out only the relevant stories, so you don’t have to!
- Here are the top articles from past week.
Unusual Frosts in Brazil Seen Knocking Out Sugar Output
The Economic Times | 3rd August 2021
According to market analysts, Brazil’s sugar output is expected to fall heavily this year, which might continue until next year. This is due to the harsh winter conditions that have hugely affected different crops, including sugar.
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Kenya: Zimbabwean Sugar to Be Destroyed in Mombasa
All Africa | 3rd August 2021
Kenyan authorities plan on crushing 20,000 tonnes of condemned Zimbabwean brown sugar on August 3, 2021. Concurrently, the National Treasury lowered its cap on duty-free sugar import to Kenya from the Common Market for Eastern and Southern Africa (Comesa) to 210,163 tonnes from 300,000.
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ICM Announces Deal with Neomille to Design Plant in Brazil
Yahoo! Finance | 3rd August 2021
ICM signed a deal with Neomille to start a bio-refinery in the Brazilian state of Mato Grosso do Sul. This is expected to help increase biofuel production and boost the local economy.
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EU Corn Ethanol Margins Hit Eight-Year Low
Hellenic Shipping News | 5th August 2021
The simple ethanol crush margin from corn has been consistently deteriorating due to harsh weather conditions that led to delayed planting, reduced harvests, and poor crop quality. Brazilian agricultural consultancy lowered its production forecast from 85.3m tonnes to 82.2m tonnes.
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Wheat Nears Three-Month High on Global Crop Reduction
NASDAQ | 2nd August 2021
Chicago Board of Trade wheat futures hiked to $7.31-3/4 per bushel, reaching a three-month high. A recent annual U.S. crop tour predicted the average spring wheat yield in North Dakota at 29.1 bushels per acre this year – its lowest since 1993.
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Turkey Gets Offers In 515,000 Tonne Barley Purchase Tender
Hellenic Shipping News | 4th August 2021
Turkey’s state grain board TMO has received the lowest offer to buy 515,000 tonnes of animal feed barley at $275 per tonne. The offer was from trading house AP Zerno, but no purchase has been made yet because TMO waits for the lowest final offer before buying.
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Auckland Factory Producing Recyclable Meat Trays
1 News | 2nd August 2021
An Auckland packaging company has been designing recyclable PET meat trays with a plan to get rid of non-recyclable plastics by 2025. Currently, the factoryrecycles 5000 tonnes of PET a year, which it says could increase with some council changes and Government help.
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Procter & Gamble Adopts Recycled Plastic Packaging from Eastman
Market Watch | 2nd August 2021
Procter & Gamble Co. will now be using recycled plastics from Eastman to minimize the number of plastics that go to landfill. The two companies also agreed to collaborate in collecting hard-to-recycle plastics, which will be used to create more recycled materials.
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Angus Soft Fruits claims ‘UK first’ with 100% rPET Punnets
The Grocer | 2nd August 2021
Angus Soft Fruits, a Berry supplier, shifted from using 80% recycled material to 100% recyclable rPET punnets. The company says the move has helped eliminate over 150 tonnes of plastic a year from its supply chain.
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Cork Marts to Host Online Sale of 59 Dairy Cows
AgriLand | 5th August 2021
Cork Marts will host an online bidding event of 59 freshly calved dairy cows. Although it’s an online event, any interested buyer can book an appointment for prior viewing. The cows are all export tested, and transport and export clearance will be provided to those who buy four or more.
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Surge in Dairy Trade Stalls as Demand Weakens
Farming Independent | 4th August 2021
The demand for dairy commodities has greatly reduced, causing a significant market stagnation. Increased milk supplies, reopening of Europe’s food service sector, and slow Chinese demand for milk powders are among the top factors weakening the market.
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