Tag: Sugar Cane

May 29, 2011 General Ag News and Notes Post a Comment

HC&S: Sugar ‘at the top,’ can anything knock it off?

PUUNENE

Researchers from the U.S. Department of Agriculture and the University of Hawaii will arrive on Maui this summer to work with Hawaiian Commercial & Sugar Co. to study crops, growing conditions and other issues in developing biofuels on the island.

The 130-year-old plantation is working with federal and state partners to help determine not only its own future, but also the future of growing biofuel crops in Hawaii to power both the U.S. Navy’s Pacific Fleet and private vehicles across the state. The end result could be the development of a biofuel refinery for HC&S, said company General Manager Rick Volner Jr.

The goal is to transition HC&S into a leading “energy farm,” and develop the resources to sell commercial jet and diesel fuels to the government and private consumers.

Success could guarantee that the company would continue to employ around 800 people, and perhaps even more, company officials said.

“There are no firm deadlines for this project, but the sooner we can decide, the easier it will be for the board of Alexander & Baldwin (HC&S’s parent company) to fund some of these products, and obviously we will need to make some capital investments,” Volner said last week. “But we’re more interested in making the right decision than when we make it.”

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May 14, 2011 General Ag News and Notes Post a Comment

Brush fire burns sugar cane on Maui

A brushfire burned about 10 acres of cane field in Paia early this morning, Maui County officials reported.

Firefighters responded to the 1:22 a.m. fire at the Hawaiian Commercial & Sugar Co. site on Baldwin Avenue between Paia Elementary School and Rainbow County Park, Maui County spokesman Rod Antone said.

Plantation workers helped firefighters battle the blaze, which was declared under control by 3:30 a.m., Antone said. The cause of the fire is still under investigation. The fire may have started close to Baldwin Avenue. The cane burned was close to harvest and the company may be able to salvage some of the crop, officials said.

Brush fire burns sugar cane on Maui – Hawaii News – Staradvertiser.com

April 1, 2011 General Ag News and Notes Post a Comment

Stock buy foments talk of local firm’s breakup

One of Hawaii’s last venerable Big Five companies, Alexander & Baldwin Inc., could be under pressure to break itself up.

A New York hedge fund manager known to agitate for change in his investment targets bought nearly 10 percent of A&B along with a partner, it was announced yesterday. The purchase triggered expectations the 141-year-old kamaaina company will be split into pieces to elevate stock value.

Neither A&B nor the hedge funds would disclose what the intent of the A&B stock purchase — a $168 million deal — might be yesterday.

“We expect to have a constructive dialogue with them as we do with all of our shareholders,” said Suzy Hollinger, A&B’s director of investor relations.

But stock analysts with insights to A&B and people with ties to the 2,300-employee company say the play almost certainly is a breakup of the conglomerate’s three core businesses — ocean cargo transportation, commercial real estate and agriculture.

“Are the parts worth more than the whole? That’s what this comes down to,” said local stock analyst Randy Havre, echoing views of two other analysts who closely follow A&B.

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November 30, 2010 General Ag News and Notes Post a Comment

Sweet Future Expected for Sugar ETN — Seeking Alpha

Sugar for March delivery closed at 28.45 cents per pound on Monday — a little off its above-30-cent peak struck last month, but still double its May 2010 low.

And it looks like sugar may have higher to climb.

Global supplies of sugar are projected to lag worldwide demand this year for the third year running. According to a new report by Czarnikow Group, a London-based sugar and biofuel broker, the supply/demand deficit could run as high as 2.8 million metric tons from September 2010 to September 2011.

Of course, when you consider that total supply for 2010/11 is expected to rise to 168.4 million tons from last year’s 157.4 million, that deficit doesn’t seem like a huge gap. And generally, if sugar becomes too expensive to use, end-consumers can just switch to cheaper sweeteners, like corn-based syrups.

Still, one can make the argument that sugar should be higher, especially considering that growing consumption is expected in emerging markets like China, where we’ve yet to hit the limit of their commodity appetite. Plus, over the past few years, we’ve seen drawdowns in world inventories of the sweet stuff, a fact that helped boost prices up to ever-higher highs in 2007/08 and 2008/09.

The supply shortfall springs from poor growing weather we saw earlier this year. Remember that Brazilian bumper crop we talked about back in August? Yeah, not so much. Brazil, the world’s largest producer of sugar, saw sugar cane production declines from a hotter summer than usual, while similar drought conditions stunted Russian beet production and South African cane yields. Meanwhile, in Indonesia and Australia, the sugar cane harvest withered under a deluge of super-wet weather.

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November 28, 2010 General Ag News and Notes Post a Comment

Zip into the future

Mike Atherton’s employees call him “Coach” for good reason. Since he bought Maui Tropical Plantation in 2006, the affable entrepreneur has been overseeing a comprehensive game plan to re-energize the 26-year-old attraction.

“We’ve painted the buildings, pruned the trees, spruced up the landscaping, basically given the grounds a complete makeover,” Atherton said. “I’m an outdoors, hands-on guy; I get as dirty as my gardeners do, and I love it!”

A native of Stockton, Calif., Atherton comes from a distinguished family. His maternal great-grandfather was Benjamin Holt, founder of the Caterpillar equipment company. His paternal great-grandfather, the Rev. Isaac Warren Atherton, was a missionary in the Hawi-North Kohala area of the Big Island from 1878 to 1880. His paternal grandfather, Warren Atherton, was an attorney, judge and politician who’s best known for authoring the G.I. Bill.

Atherton and two partners have owned and operated Jesus Mountain Coffee Co. in Nicaragua for 30 years. They acquired the Coffees of Hawaii plantation on Molokai in 2002, and Atherton came to Maui three years later, seeking land to start a similar venture there.

“At the time, C. Brewer & Co. was shutting down and selling all its assets, including Maui Tropical Plantation,” Atherton recalled. “The plantation was an agri-tourism attraction that had been open since 1984, so it had a lot of established growth. It also had a big parking lot, a store, a restaurant, dedicated employees and a good reputation. It was perfect; it just needed some tender loving care.”

Armed with enthusiasm and fresh ideas, Atherton and his hui bought the 60-acre plantation and the surrounding 1,940 acres.

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November 22, 2010 General Ag News and Notes Post a Comment

Rain does little to ease drought

The statewide drought appears to be easing as cooler La Nina conditions bring more rain to Hawaii, according to the National Weather Service.

But farmers and ranchers said a protracted amount of rain is needed before they can recover from several years of extremely dry conditions.

Some areas, such as southwestern Kauai and leeward sections of the Big Island and Maui, did not receive significant rainfall in October, continuing extreme drought conditions, National Weather Service officials said Friday.

Late Thursday, thunderstorms along with lightning passed by Hawaii, and most of the anticipated heavy rainfall missed the islands.

The weather service reported 0.15 inches of rain Thursday at Honolulu Airport and 0.6 inches at Lihue Airport but none for airports in Hilo and Kahului.

In October, while many places reported less than normal rainfall, some areas exceeded their normal monthly average, including Haiku on Maui with 5.71 inches — 12 percent above normal — and Honaunau on the Big Island with 5.54 inches of rain, 7 percent above normal.

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