• A record 1.4mmt of Thai Raws are going to be carried into 2020, competing with new season production.
  • We expect there to be 900k tonnes of Q1 demand for this rolled sugar.
  • This leaves at least 500k tonnes of these carried raws without an obvious home.
  • Along with displacement of new crop demand, this large carry could put pressure on storage capacity at the peak of next season’s stocks.

Thai Raws Closing Stock Profile

undefined
A blue diamond shape with the white letters C and Z overlapping in the center, set against a light gray background.

Will Langston

More from this author