2008 July 11 | IndusLatin

Promoting India Latin America Collaboration

India’s 2008 cane crop to fall, sugar prices may rise

July 11th, 2008 Posted in Commodities, Food and Beverages, India

Reuters
Sugar output in India, the world’s biggest producer after Brazil, was an all-time high at 28.4 million tonnes last year, adding to bulging global stocks, which helped prices plunge.

Trade officials forecast this year’s sugar output at 26-27 million tonnes, which will fall to as low as 21-22 million tonnes next year as farmers will be encouraged to switch to grains and oilseeds.

“Farmers look at the price situation and the market situation,” Agriculture Secretary P.K. Mishra told reporters. “Therefore, the cane area is likely to be less this year.”

Official data shows sugarcane planting from June 1 to July 4 fell to 4.28 million hectares from 5.17 million a year ago.

“The news of less cane planting in India comes along with news that sugar production in Australia and Brazil may drop and Brazil will divert more cane for ethanol as crude oil prices soar,” said Atul Pandey, senior manager of Bunge India Pvt Ltd.

Popularity: 6% [?]

Brazil, India, sugar

Argentina Will Produce Massive Wind Power Turbines

July 11th, 2008 Posted in Argentina, Energy

2 Comments »

EcoWorldly
Argentina will produce massive wind power turbines. This country of South America is using some of the biggest generators with de Eolis-15, that has 1,5 megawatts of power and almost 80 meters tall.

Río Negro and Neuquén, two of the southeast provinces in Argentina, along with the Science and Technology Department from Cutral-Có and Plaza Huincul-both municipalities with oil royalties- have joined each other to develop the wind turbine Eolis-15, designed by Invap to make the most of high speed winds.

This ambitious project is being financed by Rio Negro, who has already invested almost a million dollars in the project.

Popularity: 3% [?]