Adelia Lei, Author at Czapp

Ask The Analyst: What Happened at the 2024 Dubai Sugar Conference?

Sugar conference delegates struggle to determine price direction.
Sugar trade houses become increasingly Brazilian.
Indian Ferrari in the workshop this year.

Ben Seed

1 month ago

4 min read

Ask The Analyst: Mexico’s Lower Sugar Production, What Are The Impacts?

Mexico is still on track to produce 4.7 million tonnes of sugar.
Lower sugar production and high demand from the US keep domestic prices high.
With lower sugar production, Mexico will have to continue to import sugar.

Ben Seed

2 months ago

2 min read

Ask the Analyst: Why Is Raw Sugar Demand Weak In Q1’24?

Sugar prices remain high.
Lower demand from China, Indonesia and Bangladesh.
Some evidence of demand destruction.

Ben Seed

3 months ago

2 min read

Ask the Analyst: How Much Sugar Will India Divert To Ethanol?

India needs to divert more sugar to ethanol to meet its blending target.
But there is some uncertainty about ethanol prices for 2023/24.
Mills may divert less sugar than the previous year.

Ben Seed

5 months ago

2 min read

Ask the Analyst: Will Europe Export More Sugar?

The EU will export at least 800k tonnes in 2023/24.
Stock pressure easing with extended Ukrainian duty free imports.
Production still well below consumption.

Ben Seed

7 months ago

2 min read

Ask the Analyst: When Will India Export Sugar?

Indian sugar exports are unlikely before May 2024.
This puts global sugar supply under severe stress in H1’24.
We think India may be able to export 2m tonnes in 2023/24.

Ben Seed

8 months ago

2 min read

Ask The Analyst: Should We Be Worried About India’s Monsoon?

Monsoon rains are now better than normal in Uttar Pradesh.
Rainfall in Maharashtra and parts of Karnataka is still below average.
How could this impact sugar production?

Ben Seed

10 months ago

3 min read

Ask the Analyst: How Fast Can Sugar Production React To Higher Prices?

The world needs more sugar to be produced.
Sugar prices are close to decade highs.
How quickly can sugar producers increase output?

Ben Seed

11 months ago

3 min read

Ask The Analyst: How Much Sugar Will India Produce Next Season?

We think India will produce 32.5m tonnes of sugar in 23/24
This would leave room for at least 5m tonnes of exports.
Weather and government policy have a big role to play.

Ben Seed

1 year ago

2 min read

Ask The Analyst: What’s Causing The High White Premium?

White sugar demand is still strong.
Supply is struggling for many reasons.
This is pushing the white premium to unusually high levels.

Ben Seed

1 year ago

3 min read

Ask the Analyst: What’s Causing the High White Premium?

White sugar demand is still strong.
Supply is struggling for many reasons.
This is pushing the white premium to unusually high levels.

Ben Seed

1 year ago

3 min read

Ask the Analyst: Why Are European Sugar Imports So Strong?

EU-27 sugar imports are the highest in 6 years.
Sugar production has been falling in recent seasons.
Consumption has remained resilient despite attempts to tackle sugar intake.

Ben Seed

1 year ago

2 min read