IMMEDIATE OBJECTIVE. The shares of the industrial sugar bowls aim to reach a price of $70 per 50 kilos bag.Â

In the tucumano sugar sector two realities cohabit. On one hand, the industrials complains because the price of the sugar doesn’t allow them to obtain profitability, in spite of the measures that were adopted so that through banks the financing of what was left of the harvest 2008 was done, in order to level the offer and demand of the product in the internal market. On the other hand, relating of the industry get ready with strong investments to participate in the business of the electric power cogeneration and of the biofuels production. Â

“This is more than to find petroleum”. With this sentence, the governor, José Alperovich, drew the importance that the alcohol production had for the province, in reference to the commercial agreement that the sugar company Los Balcanes has just reached with a company of Chile to provide it of 3,5 million tons of anhydrous alcohol. The leader also manifested his optimism on the evolution of the price of the 50 kilos sugar bag. He pondered the fact that in the last weeks the product went from $53 the bag to $66, and expressed his trust that in little time $70 per bag will be reached.

The industrial Jorge Rocchia Ferro, proprietor of Los Balcanes, confirmed that besides the commercial arrangement achieved with a chilean company, another agreement to sell 2,5 million alcohol liters to an european multinational was also reached . He revealed that in La Florida plantation the daily production of alcohol reaches the 280.000 liters, volume that – he estimates – will get to 340.000 in 2009 and to 500.000 liters per day starting from 2010.

The future

“We are adapting to adhere to the obligatory cut of 5% of alcohol for naphthas starting from 2010. We believe that the sugar-cane plantations are renewable oil wells and that the future of the plantations will be closely linked with the energy cogeneration and the biofuels production”, underlined Rocchia Ferro. He said that once all the sugar plantations sink to the processes of electricity cogeneration and biofuels, the sugar activity will generate incomes during the whole year and not only in the months that the harvest lasts. “With these business one will be able to replace the sugar exports at low prices”, he advanced.

He highlighted that the sector works in actions tending to reduce the environmental impact of the industrial processes. “The emission of particles is practically decreasing to zero, and the treatment of the vinaza is being worked, through the fertirigation or of the incineration of this effluent”, he commented.

He advanced that the National Government has just authorized an increase of 2% of the sugar price in shelves, and he revealed that the futures of the sugar in the external market are ascending. “There are good perspectives in future”, the manager highlighted.

By Franco Vera

Source: La Gaceta