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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.

Sugar Futures and Market Data: 7th November 2022

  • Raw and refined sugar speculators retreat back towards neutrality.
  • Consumers continue to aggressively buy into No.11 weakness.
  • The white premium has slowly recovered back to the 100USD/mt threshold.

Jay Kindred

1 year ago

2 min read

Can India Export Sugar Today? 3rd November 2022

  • The white sugar price in Maharashtra has weakened to 33.8INR/mt over the last week.
  • At the same time raw sugar prices have strengthened slightly to almost 18.5c/lb.
  • This means that by last season’s rules, both raw and white sugar exports would be viable.

Jay Kindred

2 years ago

1 min read

Sugar Futures and Market Data: 31st October 2022

  • The raw and white sugar markets continue their decline through last week.
  • The No.11 has fallen enough to see consumer buying pick back up after a month of little action.
  • Raw sugar speculators closed many of the recently opened long positions.

Jay Kindred

2 years ago

2 min read

Sugar Statshot: Global Surplus Grows Despite CS Brazil Forecast Decrease

  • Global production in 2022/23 falls marginally as several producers face bad weather.
  • However, sugar beets in the EU-27 have faired slightly better than expected after the summer heatwave.
  • Despite poor harvest conditions Russian production expected to improve on 2021/22 season.

Jay Kindred

2 years ago

2 min read

Can India Export Sugar Today? 27th October 2022

  • The No.11 has weakened through 18c/lb.
  • Raw sugar exports are no longer viable without physical premiums (based on last season’s rules).
  • White sugar exports are still viable, though the margin has narrowed (based on last season’s rules).

Jay Kindred

2 years ago

1 min read

Sugar Futures and Market Data: 24th October 2022

  • Both No.11 and No.5 prices have fallen over the last week.
  • This will not yet be reflected in the CFTC data which shows speculators furthering their long position.
  • Likewise, raw sugar producers continued to capitalise when the market was rising.

Jay Kindred

2 years ago

2 min read

Can India Export Sugar Today? 20th October 2022

  • Domestic prices in Maharashtra have strengthened back to 34,500INR/mt.
  • INR values continue to weaken and have broken through 83INR/mt.
  • Raw and white sugar exports are viable (based on last season’s rules).

Jay Kindred

2 years ago

1 min read

Sugar Futures and Market Data: 17th October 2022

  • Recent strength in the No.11 and No.5 slowed in the last week.
  • Raw sugar speculators are net long raw sugar for the first time since July.
  • Raw sugar producers, added a considerable volume of hedges.

Jay Kindred

2 years ago

2 min read

Can India Export Sugar Today? 13th October 2022

  • The No.11 has strengthened almost 80 points over the last week.
  • The Rupee has weakened to 82 vs the US Dollar.
  • Raw and white sugar exports are viable (based on last season’s rules).

Jay Kindred

2 years ago

1 min read

Sugar Futures and Market Data: 10th October 2022

  • No.11 and No.5 prices strengthened last week.
  • Raw sugar speculators drift closer towards a neutral position as future price direction is less clear.
  • The sugar white premium has fallen below 100USD/mt, the first time since February.

Jay Kindred

2 years ago

2 min read

Can India Export Sugar Today? 6th October 2022

  • The INR has stopped weakening this week, unable to break through 82INR to the US dollar.
  • No.11 values have softened below 18c/lb over the same period.
  • This means that raw sugar exports are not viable without physical premiums, however white sugar exports are still workable without.

Jay Kindred

2 years ago

1 min read

Sugar Futures and Market Data: 3rd October 2022

  • Both raw and white sugar prices are drifting sideways-to-low.
  • Raw sugar speculators have failed to maintain another short build
  • White sugar speculators are slowly reducing the large long position as prices stall.

Jay Kindred

2 years ago

2 min read