All Eyes On India for a Breakout

Oliver Chapman

The futures range has been narrowng in recent months (see chart below).
A breakout either way from this trend will provide momentum for the world market.
With the worlds surplus concentrated and currently stored in India the direction of the market greatly depends on Indian exports.
Indian production has started very strongly and stocks are building, on top of this farmers are not being paid for their cane.
If the government enhances export incentives ahead of May’s election the market could trade significantly lower.
If this doesn’t occur then the sugar market is much more balanced in the short and medium term.

Sign Up For Your Free Account On Czapp

Want to receive free tailored notifications straight to your inbox?

Join Czapp

The EU’s FuelEU regulation for shipping equates biofuels to fossil fuels.
The bloc argues that this will prevent emissions from land use change and biodiversity loss.
But ethanol producers on both sides of the Atlantic are taking legal action.

Frank Zaworski

16 hours ago

2 min

Domestic sugar prices have strengthened.
Producers are still being incentivised to use C-molasses for ethanol production.
General elections are starting later this month.

Samia Ohiduzzaman

5 days ago

1 min

Victor Lima

7 days ago

1 min read

Safra 2023/24 fecha com o ATR a BRL 1,2028.
O preço do ATR é o mais alto já registrado e 3% acima da safra 2022/23.
Apesar da queda do preço do açúcar, em 2024/25 ainda esperamos um valor alto do ATR.

Ana Zancaner

2 weeks ago

2 min