Analyst Insights

• Heavy rains break drought in the UK.
• Neonicotinoid insecticide use approved for sugar beet.
• Beet plantings to start soon, once weather dries out.

• European area planted to sugar beet is the 2nd lowest in 6 years.
• Beet prices paid to farmers have risen by as much as 50% this year.
• High beet prices need to be sustained for growers to commit further to the crop.

• In Maharashtra more mills than normal have closed due to a lack of cane.
• With production failing to meet earlier forecasts, it is unlikely more exports will be permitted.
• White and raw sugar export margins have increased as global market prices have strengthened.

• We think Centre South (CS) Brazil will crush 597m tonnes of cane this year.
• Sugar output will be the second highest on record at 37.6m tonnes.
• This follows excellent rainfall in Q1, boosting cane yields.

• China’s sugar consumption is recovering after it lifted COVID controls.
• High sugar prices drive end consumers to seek cheaper alternatives.
• Higher liquid sugar and premix demand could replace some raw sugar demand.

For those seeking more than just analysis of the Dollar Index as a benchmark for currencies as a whole, this report looks at 8 major spot Forex pairings that make up the lions’ share of the vast global FX marketplace while ensuring that critical diversity key to the successful investor.

• Brazil might become one of the world’s largest corn exporters.
• Brazilian corn is now cheaper than the US corn.
• Chinese companies turn to alternative suppliers to diversify imports and increase food security.

• The threat of deglobalization has hung over the economy since 2020.
• The data shows that regionalisation has accelerated, and certain countries are decoupling faster than others
• But this doesn’t necessarily jeopardise maritime trade.

• Investor selling of risky assets hits EU carbon market.
• Prices fall 15% in one week.
• Traded volume was the highest since Russia invaded Ukraine.