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Analyst Insights

CS Brazil – Sugar Production 7.9mmt ahead yoy

  • Despite rains disrupting crushing pace this fortnight, cumulative sugar production is 7.9 ahead yoy.
  • If dry weather continues, there is a risk of ag. yield decrease for the coming months.
  • This could result in a sooner than expected end of the crop.

Catarina Junqueira

4 years ago

1 min read

Can India Export Sugar Today? 11th September 2020

  • With the No.11 futures around the 12c/lb range this week, raw sugar export parity sits well within negative territory; 19c/lb is where we’ll see Indian unsubsidized raws exports for 2020/21 become competitive. 
  • The No.5 futures have kept their range this week; USD 485/mt is where we’ll see Indian unsubsidized low-quality exports for 2020/21 become competitive. 
  • The USD/INR FX has strengthened this week and reduced the attractiveness of exports. 

Fiona Tan

4 years ago

1 min read

September 2020 Sugar Statshot: Oversupplied in 2020/21

  • Global sugar production will total 176.7m tonnes in 2020/21, up 14.3m tonnes year-on-year and almost identical to that of 2018/19.
  • Even with the COVID-induced fall in consumption, the world will still produce 5m tonnes more sugar than it consumes, meaning stocks will rise throughout the 2020/21 season.

Ben Seed

4 years ago

1 min read

A Wet August Saves Pakistan’s Cane

  • Pakistan had 112% more rain than usual last month, which improved yields after a dry July. 
  • This means it should produce 5.1m tonnes of sugar in 2020/21, up 300k tonnes year-on-year.
  • The increase also comes as many former cotton farmers now plant sugarcane to earn more money.

Fiona Tan

4 years ago

1 min read

NEW! Sustainable Agriculture: Origins and Evolutions

  • This is the first piece of a larger series focussing on Sustainable Agriculture.
  • We’ll discuss its importance when trying to meeting our current global food needs without compromising our future needs. 
  • The series is brought to you by Mark Oulton, former Manager and Trader at Cargill (18 years) and Global Research Manager at SGS (11 years). 

Mark Oulton

4 years ago

4 min read

Sugar Futures Positioning and CFTC Update 7th September 2020

  • Before the CFTC data collection, it was a quiet week in the No.11 market with the net spec position barely changing as price remained within a 20 point range.
  • Since, however, price has fallen sharply, putting to bed concerns about a rally in the near future.
  • In white sugar, there was no notable change to the significant net spec long as prices remain steady above $350/mt.

Jack Haslam

4 years ago

1 min read