Louisiana sugar vegetation nonetheless closed after Ida; cane fields being assessed

HomeStock

Louisiana sugar vegetation nonetheless closed after Ida; cane fields being assessed


By Marcelo Teixeira

NEW YORK, Aug 31 (Reuters)Two giant sugar refineries in Louisiana, which have been shut down earlier than Hurricane Ida hit the state, have been nonetheless not operational on Tuesday as the businesses assessed damages and waited for energy traces to be restored.

There have been additionally experiences of injury to sugarcane crops within the state, the second largest producer within the nation after Florida, however it would take some days for agronomists and farmers to guage the state of affairs, an skilled stated.

The Chalmette Refinery in Arabi, Louisiana, owned by the ASR Group, which produces the Domino model, has been closed since Friday. The plant has capability to provide 7 million kilos of refined sugar per day.

“Our groups started inspecting the refinery on Monday and preliminary indications are that harm is minimal. Staff are presently working to revive energy to the refinery,” ASR Group stated in a press release.

The corporate stated it would use accessible stock and refining capability at different vegetation to produce purchasers whereas it really works to renew operations at Chalmette.

Louisiana Sugar Refining, LLC additionally closed its refinery in Gramercy on Saturday. There was no phrase from the corporate on Tuesday in regards to the standing of the plant, however a supply accustomed to the state of affairs stated there have been no energy or communication methods engaged on Tuesday.

Kenneth Gravois, a researcher on the AgCenter of Louisiana State College, stated an evaluation of the cane fields might be made later within the week.

A U.S. sugar dealer stated there have been experiences of some fields with cane being blow over.

Lodged cane can nonetheless be harvested if it’s not beneath water, however it’s a costlier and harder operation.

If manufacturing is misplaced, the U.S. authorities may open extra lower-tax import quotas.

(Reporting by Marcelo Teixeira; Enhancing by Leslie Adler)

(([email protected]; +1 332 220 8062; Reuters Messaging: [email protected]https://twitter.com/tx_marcelo))

The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.





www.nasdaq.com