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Analyst Insights

Brazil Line Up: Lower Waiting Time to Berth

  • Around 500kmt of raws rolled from August to September.
  • August exports could end lower than estimated, but still a record.
  • September has already 1.9mmt nominated.

Ana Zancaner

4 years ago

1 min read

How Will the EU’s Poor Crops Impact the Molasses Market?

  • This week, we have seen the latest forecasts for Europe’s sugar beet crop.
  • The main areas of concern are France and Poland, with the yields forecast to be 6.2 t/ha and 5.4 t/ha lower than the five-year average respectively.
  • What does this mean for the beet molasses market in Europe?

Andrew Creasey

4 years ago

1 min read

Can India Export Sugar Today? 28th August 2020

  • With the No.11 futures on a downtrend this week, raw export parity is back to negative territory. 13.2 c/lb is where we will see Indian raw subsidized exports become competitive. 
  • The No.5 futures have maintained their range this week, allowing Indian whites exports to stay well within the positive range. 
  • The USD/INR FX has strengthened and reduced the attractiveness of exports.

Fiona Tan

4 years ago

1 min read

US Corn Shows Resistance Against Iowan Windstorms

  • Brazilian, European and Chicago corn all rallied last week on the back of strong exports.
  • However, Iowa fell 10% because they market expected the windstorms to cause more damage than they did.
  • The Pro Farmer crop tour revealed that the real problem for US corn could actually be drought.

James Brittain

4 years ago

2 min read

Brief Market Overview: Refined Market Slips as Expiry Approaches

  • White sugar prices have steadily declined over the last two weeks and now sit at $362/mt.
  • Thailand’s cane crop will be even worse than last year’s meaning its refined and whites output will be half what it was in 2019.
  • We are still wondering how big the EU crop will be this year following July’s heatwave and France’s battle with Beet Yellows Virus.

Will Langston

4 years ago

1 min read

Hurricane Laura: Louisiana’s Cane Crop at Risk

  • Hurricane Laura made landfall in Louisiana last night; this is the region’s strongest hurricane in the last 10 years.
  • It will hit some of Louisiana’s cane-growing regions, which account for 20% of US sugar production.
  • The cane and general harvesting infrastructure could be damaged by flooding and high winds.

Vincent O'Rourke

4 years ago

1 min read