Adrian Torrebiarte

Adrian joined the analysis team in 2022, right after graduating from Babson College in Boston, MA, with a bachelor’s degree in finance. He has experience interning at a cement factory and micro-finance bank in Guatemala. Adrian is currently responsible for writing content for the Americas (excluding Brazil) and creating data tools and services for PET, Starches, and other commodities.

Ask the Analyst: How is the Guatemalan Crop Doing?

  • Guatemala should produce approximately 2.47 million tonnes of sugar for the 2023/24 season.
  • Unusual rain in November has caused a decrease in Guatemalan production.
  • There will be fewer Guatemalan sugar exports in the already tight world market.

Adrian Torrebiarte

1 month ago

2 min read

Aging Palm Oil Trees in Asia Could Cause Supply Deficit

  • Malaysia and Indonesia produce 85% of the world’s palm oil.
  • But their palm plantations are aging, threatening low yields.
  • Rapid growth in palm oil production in Central America could help boost global supply.

Adrian Torrebiarte

1 month ago

3 min read

November Rain Delays Cane Harvest in Guatemala

  • We project Guatemala will produce 2.76 million tonnes of sugar this season.
  • November rains delayed harvest, but production seems to be on track.
  • Mexico’s poor crop and yields means it will likely continue importing from Guatemala.

Adrian Torrebiarte

3 months ago

2 min read

Ask the Analyst: Will the Mexican Sugar Crop Rebound?

  • We project Mexico will only produce 5 million tonnes of sugar this season.
  • Mexico’s poor crop and yields means it will likely continue importing.
  • This will lead the US to have to import more sugar from the world market.

Adrian Torrebiarte

3 months ago

2 min read

US Announces Third Raw Sugar TRQ Re-Allocation of 2023

  • The US announces a third TRQ re-allocation of around 225,000 tonnes. 
  • Brazil, Australia, and Guatemala have been given the most TRQ re-allocation. 
  • This means a little less sugar for the world market.  

Adrian Torrebiarte

3 months ago

2 min read

High No.16 Prices can Increase World Sugar Shortage

  • High Duty Sugar entering the United States has doubled in the past five years.
  • Brazil and Guatemala are the two largest origins of high duty sugar.
  • This means a little less sugar for the world market.

Adrian Torrebiarte

4 months ago

3 min read

Guatemala 10% Ethanol Blend Postponed to 2025

  • Guatemala will adopt a 10% ethanol blend from 2025, not 2024 as previously intended.
  • Guatemala is already self-sufficient in ethanol production.
  • The EU and USA may soon need to import from other sources.

Adrian Torrebiarte

6 months ago

2 min read

Potential Trade Sanctions on Mexican Sugar by the US

  • Mexico’s President ban on GM corn to be contested internationally.
  • This could halt USD 3b in trade, primarily American corn arrivals.
  • Mexican sugar flows to the U.S. could also be halted.

Adrian Torrebiarte

6 months ago

3 min read

El Niño’s Effect in North America

  • The American Climate Prediction Center has confirmed an El Niño this year.
  • Dry conditions could cause cane yields to fall in Mexico.
  • American wheat and corn should benefit.

Adrian Torrebiarte

7 months ago

2 min read