Doing the splits

Doing the splits

27 Jan 2020 (Jonathan Kingsman) This week, in an interview with Bloomberg, Sunny Verghese, the CEO and co-founder of Olam International, announced that his company would be splitting into two parts.

commodityconversations.com
The UK would be right to prioritise an EU trade deal over the US

The UK would be right to prioritise an EU trade deal over the US

24 Jan 2020 (Institute for Government) Opening up a full-scale negotiation with the US at the same time as the EU could actually end up increasing the pressure on the UK. The UK is like a customer that must choose between two incompatible set-menus. It gets a choice, but it doesn’t get to shape the menu.

instituteforgovernment.org.uk
EU and 16 WTO members agree to work together on an interim appeal arbitration arrangement

EU and 16 WTO members agree to work together on an interim appeal arbitration arrangement

24 Jan 2020 (European Commission) Commissioner for Trade Phil Hogan said: “This statement testifies to the high importance that the EU and the participating WTO members attach to retaining a two-step dispute settlement process in WTO trade matters. The multiparty appeal arbitration arrangement will guarantee that the participating WTO members continue to have access to a binding, impartial and high-quality dispute settlement system among them. Let me underline again that this remains a contingency measure needed because of the paralysis of the WTO Appellate Body. We will continue our efforts to seek a lasting solution to the Appellate Body impasse, including through necessary reforms and improvements.”

trade.ec.europa.eu
Growers mull Tongaat Hulett mill deal

Growers mull Tongaat Hulett mill deal

22 Jan 2020 (Shukela Sugar Magazine) “For many years, growers have called for equity participation in the milling and refining business, which would allow for their increased participation in the sugar industry value chain. The initiative is providing this opportunity, which is revolutionary for the industry,” company’s CEO Gavin Hudson said.

shukela.co.za
Uphill battle for EU-Mercosur pact

Uphill battle for EU-Mercosur pact

22 Jan 2020 (Euractiv) There’s a strong sense of déjà vu. Belgium’s region of Wallonia is trying to block the EU-Mercosur free-trade agreement, just like it previously attempted with CETA, the EU-Canada free trade agreement. But how serious is that?

euractiv.com
Indian Sugarcane Farmers’ Protest Intensifies Ahead of Bolsonaro’s Visit

Indian Sugarcane Farmers’ Protest Intensifies Ahead of Bolsonaro’s Visit


22 Jan 2020 (Newsclick.in) As farmers point out, if India loses the dispute, in the absence of the present support policies, the sugarcane sector, that employs over 50 million farmers and over 5,00,000 sugar mill workers may face an imminent collapse.

newsclick.in
Bilan 2019 et perspectives 2020 (EU Sugar Balance Sheet and Perspectives)

Bilan 2019 et perspectives 2020 (EU Sugar Balance Sheet and Perspectives)

23 Jan 2020 (Le Betteravier) Remarquons aussi que sur le marché européen, les prix spot (ventes de sucre journalières non contractées) atteignent plus de 400 euros voire 450. La fermeture définitive de plusieurs sucreries européennes ainsi que l’abandon de la culture de la betterave par un nombre significatif d’agriculteurs sans trouver de repreneur accentuera la diminution de la production de sucre européen en 2020.

cbb.be
European Commission to discuss EU sugar market transparency and increased price reporting

European Commission to discuss EU sugar market transparency and increased price reporting

22 Jan 2020 (Swedish Board of Agriculture) Member states will be required to report more representative prices for agricultural products and more about trade than at present so that market transparency can increase in the food chain. The meeting of the Arable Crop Management Committee will discuss implications for the EU sugar market on 29 January 2020 and the new legislation will come into force on 1 January 2021.

jordbruksverket.se
The UK's war on sugar has stalled

The UK's war on sugar has stalled

22 Jan 2020 (Wired) The government has asked the food industry to cut sugar in ten major product groups by 20 per cent. But as the deadline looms, progress is painfully slow.

wired.co.uk
Decisions and Resolutions of the 110th Session of the ACP Council of Ministers | ACP

Decisions and Resolutions of the 110th Session of the ACP Council of Ministers | ACP

20 Jan 2020 (ACP Secretariat) The 110th Session of the Council of Ministers of the African, Caribbean and Pacific (ACP) Group of States was held on Saturday 7 December 2019 at the Kenyatta International Convention Centre in Nairobi, Kenya. Download the signed documents from the ACP website.

acp.int
EBRD supports operations of Louis Dreyfus Company

EBRD supports operations of Louis Dreyfus Company

22 Jan 2020 (European Bank for Reconstruction and Development)
Farmers across eight countries will have better access to markets and knowledge-sharing programmes (including management of risks arising from climate change), as part of the expansion of the operations of the Louis Dreyfus Company (LDC), with support from the EBRD. The EBRD is providing a US$ 100 million financing facility to LDC, a leading merchant and processor of agricultural products and a partner of the EBRD since 2000, to facilitate the company’s regional expansion in Bulgaria, Egypt, Kazakhstan, Poland, Romania, Tajikistan, Turkey and Ukraine.

ebrd.com
No free trade deal without 'equivalence', Coveney warns

No free trade deal without 'equivalence', Coveney warns

20 Jan 2020 (Raidió Teilifís Éireann) The Tánaiste has warned that the European Union will not agree to a free trade agreement with the UK unless it signs up to "equivalence" in the way goods are produced in the UK and the EU.

rte.ie
Growth Gateway announced at UK-Africa Investment Summit

Growth Gateway announced at UK-Africa Investment Summit

20 Jan 2020 (UK Govt) The UK announced the Growth Gateway - a service to help African, UK and other international businesses trade with and invest in each other - at the UK-Africa Investment Summit in January 2020.

gov.uk
Sugar's surge to two-year high has Brazilian mills considering output change

Sugar's surge to two-year high has Brazilian mills considering output change

15 Jan 20 (Reuters) Brazilian sugar mills are considering increasing their raw sweetener output at the expense of ethanol for automobile fuels after sugar futures surged to a two-year high this week, analysts said this week.

uk.reuters.com
Suedzucker posts higher third quarter profit despite sugar losses

Suedzucker posts higher third quarter profit despite sugar losses

15 Jan 2020 (Reuters) “The EU sugar market remains desolate with prices too low for profitable production,” a Suedzucker spokesman said. “World market prices are rising and we expect an improvement in EU sugar prices but this could take around 18 months.”

uk.reuters.com
EU average reported domestic sugar price rises slightly to 335 €/t

EU average reported domestic sugar price rises slightly to 335 €/t

14 Jan 2020 (EC) The European Commission has today reported that the average EXW refined (EEC2 quality) sugar price rose 3 €/t to 335 €/t in November 2019. The average price in the "deficit" Region 3 (mainly southern Europe) was reported up 4 €/t to 403 €/t.

ec.europa.eu
10th Annual Geneva Sugar Conference | S&P Global Platts

10th Annual Geneva Sugar Conference | S&P Global Platts

14 Jan 2020 (S&P Platts) The Geneva Sugar Conference has earned its place as 'the must attend' event for sugar professionals. Now in its 10th year, the conference (on April 21-22, 2020) is world-renowned and attracts 300 producers, refiners, traders and buyers annually as they look to better understand the global trends, regional risks and defining issues impacting you today. * Including Julian Price! *

spglobal.com
The sugar tax is only a ‘success’ if you ignore the evidence

The sugar tax is only a ‘success’ if you ignore the evidence

13 Jan 2020 (The Spectator) Sugary drinks consumption – not to mention sugar consumption overall – has been on the decline for years. People’s desire to cut back on their fizzy drink intake was prevalent long before the sugar tax was introduced. Both before and after its implementation, we’ve seen an overall decrease in consumption, yet an increase in obesity.

blogs.spectator.co.uk
Internal EU27 preparatory discussions on an EU/UK Free Trade Agreement

Internal EU27 preparatory discussions on an EU/UK Free Trade Agreement

13 Jan 2020 (European Commission) Internal preparatory discussions on future relationship with the UK. Union policies and actions, including the Internal market with its four freedoms, form a unique ecosystem underpinned by instruments and structures that cannot be separated from each other.

ec.europa.eu
Agriculture in the European Green Deal – CAP Reform

Agriculture in the European Green Deal – CAP Reform

13 Jan 2020 (Prof. Alan Matthews) The Commission published its Communication on the European Green Deal in mid-December 2019. Previously flagged in Commission President von der Leyen’s Political Guidelines for the new Commission, it defines the key political objectives of the new Commi...

capreform.eu
Revealed: Boris’s blueprint for Brexit

Revealed: Boris’s blueprint for Brexit

11 Jan 2020 (The Spectator) For the first time since the referendum, the United Kingdom has a strong government that knows what it wants from Brexit. [...] Brussels sources have suggested that the first phase of talks will include only goods and fishing (the French, Danish and Dutch are keen on access to British waters). I’m told that the UK will simply reject this approach.

spectator.co.uk
Sugar production in Ukraine in 2019/2020 decreases by 19%

Sugar production in Ukraine in 2019/2020 decreases by 19%

10 Jan 2020 (open4business, Ukraine) Sugar production in Ukraine in the 2019/2020 marketing year (MY, September-August) decreased by 19% compared to the previous MY, to 1.48 million tonnes.

open4business.com.ua
Farmers want to share risks and rewards of producing sugar

Farmers want to share risks and rewards of producing sugar

9 Jan 2020 (Eastern Daily Press) Under-pressure farmers need fair rewards for the risks they take to grow sugar beet for the region's sugar factories, says Norfolk's new representative of this staple farming sector.

edp24.co.uk
From the CAP to the Green Deal, or from the Green Deal to the CAP?

From the CAP to the Green Deal, or from the Green Deal to the CAP?

8 Jan 2020 (Marie-Christine Ribera) As the co-legislators struggle to move forward on the CAP reform, the Green Deal is emerging as the number one priority, perhaps even the single priority, of the European Commission. The question is: should we make the CAP more “green” or should we use the Green Deal to reshape the CAP completely? The first option seems have been chosen, and that is a real pity.

linkedin.com
Theresa Villiers: 'Updated' Agriculture Bill will return to Parliament this month

Theresa Villiers: 'Updated' Agriculture Bill will return to Parliament this month

8 Jan 2020 (Oxford Farming Conference). The government is planning to bring an "updated" version of its Agriculture Bill back to Parliament this month, with the aim of passing landmark legislation by the Spring that will overhaul England's system of farming subsidies.

facebook.com
Farmers must keep 30 per cent of their BPS after Brexit, says NFU

Farmers must keep 30 per cent of their BPS after Brexit, says NFU

8 Jan 2020 (Farmers Guardian). The NFU has called for farmers in England to keep at least 30 per cent of their direct payments after Brexit.

fginsight.com
London Calling – what happens on January 31st?

London Calling – what happens on January 31st?

8 Jan 2020 (Capacity Now). This week the United Kingdom and the European Union are meeting in London to re-start the talks and the negotiations about post-Brexit future relations.

.kghcustoms.com
Europe needs a joined-up policy towards Africa

Europe needs a joined-up policy towards Africa

7 Jan 2020 (Financial Times) The EU should encourage free trade with a continent-to-continent deal. The AU wants a continent-to-continent agreement. While this will obviously take time, it is a worthwhile ambition, one that should be much easier now that 54 countries are moving rapidly to enact the African Continental Free Trade Area (AfCFTA), an agreement that removes 90 per cent of tariffs on intra-African trade. Yet despite this progress, AU negotiators sense resistance to the idea in Brussels.

ft.com
 			Graham Clark: FSC Ahead Of Time

Graham Clark: FSC Ahead Of Time

7 Jan 2019 (Fiji Sun) Mr Clark commended the efforts by members at the Lautoka Mill and those who helped schedule cane in line....

fijisun.com.fj
European ethanol is ready to drive the EU Green Deal

European ethanol is ready to drive the EU Green Deal

11 Dec 2019 (ePURE) The EU’s new “Green Deal” demands a greater role for sustainable, low-carbon liquid fuels such as renewable European ethanol in order to meet ambitious new decarbonisation and air quality goals. As the European Commission unveils legislation in the coming months aimed at moving the EU toward climate-neutrality, it needs to focus on solutions that deliver results right now as well as in the future.

epure.org
Traidcraft Break the Rules with Transparency Coffee

Traidcraft Break the Rules with Transparency Coffee

6 Jan 2020 (Traidcraft). Traidcraft are planning to publish the actual price paid to the coffee farmer (on pack) plus how much goes to shipping, roasting, packing and profit. As far as I’m aware this will be a first.

traidcraftshop.co.uk
UK stands down on emergency preparations for no-deal Brexit

UK stands down on emergency preparations for no-deal Brexit

6 Jan 2020 (Reuters) Britain's emergency preparations for a no-deal Brexit have been halted "with immediate effect", as Prime Minister Boris Johnson's deal to leave the European Union is expected to be approved by members of parliament.

uk.reuters.com
Boris Johnson says UK will conduct tandem trade talks with EU and US

Boris Johnson says UK will conduct tandem trade talks with EU and US

7 Jan 2020 (Daily Mail) Britain will conduct post-Brexit trade talks with the US at the same time as it negotiates the terms of the UK's future relationship with the EU, Downing Street has signalled.

dailymail.co.uk
Tongaat Hulett releases ‘corrected’ financial results

Tongaat Hulett releases ‘corrected’ financial results

24 Dec 2019 (Farmer's Weekly South Africa). Using figures from a forensic investigation into and financial review of its results, Tongaat Hulett Limited’s (THL) board of directors has now been able to correct the company’s agricultural production, processing, and land conversion divisions’ financial results for the 2018/2019 year ended 31 March 2019.

farmersweekly.co.za
UK Sugar Beet Outlook 2020: Delicate issue of scale for root crop growers

UK Sugar Beet Outlook 2020: Delicate issue of scale for root crop growers

24 Dec 2019 (Farmers Weekly). A marginal increase in the basic 2020 beet price against the 2019 contract is welcome news for growers, especially given the drop in gross margins for alternative crops over the past year, driven by lower cereals prices. Looking ahead, Mr Blake believes the sugar sector may have less to fear from Brexit than other commodity sectors.

fwi.co.uk
Hippo Valley pins hope on Transitional Stabilisation Programme

Hippo Valley pins hope on Transitional Stabilisation Programme

25 Dec 2019 (Zimbabwe Chronicle). Part of Tongaat Hulett, Hippo Valley has embarked on a turnaround strategy, code-named ‘Project Crystal’, focusing on right-sizing and fixing the business fundamentals, leveraging the value chain and creating a platform for long-term growth. Hippo produced 239 000 tonnes of sugar in 2019 (2018: 197 000), a 21 percent increase from the last season, on the back of improved cane yields.

chronicle.co.zw
The EU opens the door for further duty-free imports from Moldova

The EU opens the door for further duty-free imports from Moldova

20 Dec 2019 (European Commission). On 19 December 2019, the Council of the EU formally endorsed an agreement granting Moldova additional preferential export opportunities to the EU. The thresholds triggering the anti-circumvention mechanism for wheat, barley, maize, sugar and processed cereals have also been raised, taking into account the trade patterns over the last few years.

trade.ec.europa.eu
Sugar: 2019 proves a year to forget and reset

Sugar: 2019 proves a year to forget and reset

30 Dec 2019 (Qld Country Post). Global sugar prices are well below the cost of production for even the most efficient producers such as Australia.

queenslandcountrylife.com.au
Feature: EU 2019-20 sugar output set to fall on weather, acreage cut | S&P Global Platts

Feature: EU 2019-20 sugar output set to fall on weather, acreage cut | S&P Global Platts

31 Dec 2019 (S&P Platts). In a forward looking post, Platts' Thomas Wigglesworth reports that EU sugar production in the 2019/20 campaign is set to fall for the second consecutive season due to tough growing conditions and a reduced area planted to sugar beet.

spglobal.com