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Analyst Insights Ben Seed

96 Insights

Ben Seed

Ben joined Czarnikow’s analysis team in 2016 on a year long internship before returning to the University of Bath to complete an Economics Degree. Since re-joining in August 2018, Ben has led the data insights team in expanding the range and quality of data available internally and to clients through Czapp. Ben spent 3 months in Czarnikow’s Singapore and Bangkok offices to expand his knowledge of the region and help roll out the latest data processes. He is now also responsible for the Sugar Market View published each week on Czapp.

WTO Rules Against Indian Sugar Subsidies

  • India’s subsidies for sugar production are in breach of World Trade Organisation (WTO) rules.
  • The country will therefore refrain from offering subsidies in 2022.
  • Sugar prices are close to a level where India can export without a subsidy, though.

Ben Seed

2 years ago

3 min read

The World Needs More Sugar…Can Europe Help?

  • Global sugar production is hardly growing, whereas consumption is increasing by around 1% each year.
  • The EU’s been a key supplier, but growing beet is now more challenging.
  • Sugar beet prices may need to climb to around 35 EUR/mt to see EU beet acreage increase.

Ben Seed

2 years ago

5 min read

The World Needs More Sugar…Can India Help?

  • India may become a net importer of sugar.
  • We don’t think Indian cane production will be able to keep up with increasing ethanol demand.
  • Any increases in cane acreage will likely go towards ethanol rather than sugar in the coming years.

Ben Seed

2 years ago

6 min read

The World Needs More Sugar…Who Can Help?

  • Sugar production has hardly grown in the past 10 years.
  • Sugar and ethanol consumption continues to grow.
  • Which countries might be able to increase output, and at what price?

Ben Seed

2 years ago

1 min read

Can India Export Sugar Today? 5th November 2021

  • Raw sugar exports are now viable at 19.9 c/lb, whilst white sugar exports are workable at 500 USD/mt.
  • This means Indian white sugar exports are viable at today’s prices.
  • Domestic sugar prices have in India have dropped again to 34 INR/KG.

Ben Seed

2 years ago

1 min read

Can India Export Sugar Today? 7th October 2021

  • Indian raw sugar exports should be workable above 20.6c/lbs for raws and 516 USD/mt for whites.
  • This is 0.6 c/lbs above the March No.11 and just 6 USD/mt above the No.5
  • We think India can export 7m tonnes of sugar in the coming season, 4m tonnes raws and 3m tonnes whites.

Ben Seed

3 years ago

1 min read

Sept’21 Sugar Statshot: 2021/22 Production Meets Consumption

  • We think the world will produce 174.32m tonnes of sugar in 2021/22.
  • If it does, it’ll have 400k tonnes more sugar than it needs to satisfy consumption.
  • Any further crop reductions throughout the season could change this, though.

Ben Seed

3 years ago

1 min read