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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

Ask The Analyst: How Is The Start Of Thailand’s Cane Crush?

Thailand should crush 98.5m tonnes of cane this season.
Crushing is going to plan but there are a few warning signs.
Any hint of lower sugar output might lead mills to buyback futures hedges.

Ben Seed

1 year ago

2 min read

Ask the Analyst: White Premium; What Is It and How Is It Calculated?

The difference between raw sugar and white sugar prices is known as the white premium.
It directly impacts the availability of refined sugar.
To calculate, first convert raw sugar into USD/mt.

Ben Seed

2 years ago

2 min read

Ask the Analyst: What Markets Impact Sugar Prices?

Sugar prices tend to move with other Ags.
These Ags all face the same macro/external pressures, such as USD strength.
But sugar is also related to energy via ethanol.

Ben Seed

2 years ago

2 min read

Ask the Analyst: Why Are Sugar Markets Tight When There Is A Production Surplus?

Global sugar production will exceed consumption this year.
But refined sugar supply is very tight and raw sugar futures market is showing signs of stress.
How do you explain this?

Ben Seed

2 years ago

2 min read

Ask the Analyst: How Are High Energy Costs Affecting EU Sugar Producers?

Energy prices more than double EU sugar cost of production.
Sugar producers find ways to reduce natural gas usage.
If you’d like us to answer one of your questions in an upcoming edition, please email will@czapp.com.

Ben Seed

2 years ago

2 min read

Farmer Diaries (UK): Sugar Beet And Maize Struggle For Water

In this series, we’re following farmers around the world.
We’ll look at what they’re up to on the farm, hear their concerns, and celebrate their triumphs.
Here’s the link to the farmers’ bios in case you missed them.

Ben Seed

2 years ago

3 min read

Ask the Analyst: How Much Sugar Will Europe Lose To Heat?

Much of Europe is facing below normal vegetation growth and lack of soil moisture.
In 2018/19, sugar yields were 11% below average in areas with similar conditions.
This sort of yield loss across the EU & UK could reduce sugar production by up to 2m tonnes.

Ben Seed

2 years ago

2 min read

Ask the Analyst: Can India Export 8m Tonnes Of Sugar Next Season?

The Indian sugar industry is seeking permission to export 8m tonnes of sugar 2022/23.
In this week’s Ask the Analyst, we ask is this achievable.
If you’d like us to answer one of your questions in an upcoming edition, please email will@czapp.com.

Ben Seed

2 years ago

2 min read

Ask the Analyst: Currency Fluctuations and Indian Sugar Prices

In times of crisis, safe-haven currencies such as the dollar tend to rise, particularly against emerging market currencies.
In this week’s Ask the Analyst, we discuss how currency fluctuations impact Indian sugar prices.
If you’d like us to answer one of your questions in an upcoming edition, please email will@czapp.com.

Ben Seed

2 years ago

1 min read

Ask the Analyst: Indian Sugar Prices Hold Firm Despite Crude Oil’s Record Rally

Crude oil prices hit record highs following Russia’s invasion of Ukraine.
This week’s Ask the Analyst addresses why Indian sugar prices have been seemingly unscathed by this.
If you’d like us to answer one of your questions in an upcoming edition, please email will@czapp.com.

Ben Seed

2 years ago

2 min read

Ask the Analyst: How Strong Indian Sugar Exports Might Shake Global Trade

India could export 7mmt of sugar in 2021/22, up 960kmt tonnes from two seasons ago.
This week, we discuss the implications these flows might have on the world market.
If you’d like us to answer one of your questions in an upcoming edition, please email will@czapp.com.

Ben Seed

2 years ago

1 min read