Analyst Insights

• US corn plantings made a good start.
• Wet weather in the middle of last week helped soil moisture.
• There are rumours China has cancelled corn purchases, but no confirmation.

• The last operating sugar mill in Texas is closing.
• The Rio Grande Valley Sugar Growers Mill produced around 44,000 tonnes per year.
• The closing of the mill could lead to a potential TRQ increase.

• Power sector emissions dropped 24% amid sharp growth in renewables
• Industrial emissions fell 7%
• Decline was more than expected, may lead to renewed EUA price weakness

Daily Market Price Updates and Commentary

• Both No.11 and No.5 sugar futures have traded sideways in the past week.
• Commercial participants remain active, with producers capitalising on higher prices.
• The K/K white premium has strengthened.

• Further urea price erosion is expected in the next couple of months.
• Processed phosphate prices are decreasing with increased Chinese exports.
• Global ammonia markets are in surplus with lack of industrial demand.

• PTA futures buoyed by higher upstream costs, steadily improving fundamentals.
• China PET resin export prices rise slowly, restrained by oversupply and upcoming new capacity.
• Raw material forward curve shows only slight USD 10/tonne premium through to Sept.

Daily Market Price Updates and Commentary

• Thai cassava farmers are incentivised to harvest crops early.
• This has resulted in steady yield declines and production stagnation.
• There is also pressure on the demand side as Laos increases production.

• Sustainability in packaging is no longer optional – it is essential for survival.
• But how can F&B companies integrate sustainability without a huge supply chain overhaul?
• Here are some fast solutions that don’t need to disrupt operations.

• 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.

Daily Market Price Updates and Commentary