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Analyst Insights Jay Kindred

161 Insights

Jay Kindred

Jay joined Czarnikow full time in 2021 following a one year internship in 2019. As an intern he focused on the development of tools and dashboards to advance effective communication of data throughout the business and to clients. Jay is currently responsible for analysis of the European sugar sector, alongside contributing premium reports for Czapp and presenting our current market view to clients. He holds a bachelor’s degree in economics from the University of Bath.

Supply Crunch Opportunity for EU Rapeseed?

  • Ukraine crisis, and an Indonesian export ban is cutting global vegetable oil supply. 
  • This is compounding a drought hit South American soy, and Canadian rapeseed supply.  
  • High prices encouraging more rapeseed planting in EU, UK.  

Jay Kindred

2 years ago

5 min read

Sugar Statshot: 2021/22 Crop Finishes Strongly

  • Global production in 2021/22 is rounding off to become second highest on record. 
  • This should help deliver a large surplus heading into 2023. 
  • Production in Ukraine next year could be less disrupted than previously thought.  

Jay Kindred

2 years ago

2 min read

Can India Export Sugar Today? 12th May 2022

  • With the No.11 around 18.5c/lb, raw sugar exports are unworkable, with parity reached at 19.1c/lb. 
  • White sugar exports still earn around 20USD/mt more on the world market, with exports preferred when the No.5 is above 481USD/mt. 
  • The rupee has strengthened to above 77INR per US dollar, moving the export parities higher.  

Jay Kindred

2 years ago

1 min read

Will Rising Interest Rates Affect Supply Chains?

  •  A further interest rate rise in the US becomes the latest in a trend of rate increases globally. 
  • In this week’s Ask the Analyst, we discuss how this could affect commodity supply chains. 
  • If you’d like us to answer one of your questions in an upcoming edition, please email will@czapp.com. 

Jay Kindred

2 years ago

2 min read

Can India Export Sugar Today? 5th May 2022

  • Raw sugar exports are not currently workable as they are 0.6c/lb below the 19.3 c/lbs parity level. 
  • White sugar exports still earn around 20USD/mt more on the world market, with exports preferred when the No.5 is above 486USD/mt. 
  • There is currently around 1m tonnes of sugar left uncontracted from the 2021/22 Indian crop.  

Jay Kindred

2 years ago

1 min read

Sugar Futures and Market Data: 4th May 2022

  • Sugar speculators have been put under pressure. 
  • Consumers are still very poorly hedged. 
  • The white sugar net spec position has reduced after months of increase.  

Jay Kindred

2 years ago

1 min read

Can India Export Sugar Today? 28th April 2022

  • The No.11 has weakened below the 19.2c/lb needed to allow raws exports without a physical premium.  
  • Whites exports remain viable above 483 USD/mt and earn around 50 USD more than domestic sales. 
  • Maharashtra’s white sugar price remains volatile, spiking as high as 38,400 USD/mt in the last week.  

Jay Kindred

2 years ago

1 min read

Ask the Analyst: Are Sugar Crops Fertiliser Intensive?

  • Fertiliser supply lines have been disrupted by Russia’s invasion of Ukraine. 
  • In this week’s Ask the Analyst, we discuss how fertiliser disruption could hit the world’s sugar crops. 
  • If you’d like us to answer one of your questions in an upcoming edition, please email will@czapp.com.  

Jay Kindred

2 years ago

2 min read

Can India Export Sugar Today? 21st April 2022

  • The No.11 has weakened and now sits closer to parity with domestic sales (19.3 c/lb). 
  • Whites export margins have narrowed but remain 50 USD/tonne above the parity point (486 USD/tonne). 
  • Maharashtra’s whites price has been volatile over the last week, reaching a peak of 37,110 INR/tonne.  

Jay Kindred

2 years ago

1 min read