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Analyst Insights Stephen Geldart

96 Insights

Stephen Geldart

Stephen joined Czarnikow in 2008 and leads the Analysis Team, who provide leading-edge coverage of the sugar, ethanol, ingredients and packaging markets primarily on Czapp.com, Czarnikow’s online portal. Czarnikow’s analysis team also provide price risk management services for sugar producers, refiners and consumers, and regularly undertakes strategic consultancy work for energy majors, banks, and agricultural businesses. Before joining Czarnikow, Stephen began his career in the oil refining industry. He holds an MSci in Chemistry from Imperial College London.

Raw Sugar Demand Drops 20% in H1’23

  • Global refiners slow raw sugar purchases.
  • Raw sugar prices remain near decade-highs.
  • Refined sugar demand is normal.

Stephen Geldart

9 months ago

6 min read

Aspartame to be Reclassified by World Health Organization?

  • Reuters reports the WHO might be about to declare aspartame a possible carcinogen.
  • The move does not assess the level of risk nor does it take dose into account.
  • Major food safety authorities state aspartame is safe for human consumption.

Stephen Geldart

10 months ago

3 min read

What’s Happening to Sugar Demand?

  • Sugar futures spreads have collapsed.
  • Sugar supply remains extremely strained.
  • Is sugar demand worse than we’d thought?

Stephen Geldart

10 months ago

7 min read

What Does El Nino Mean for the Sugar Market?

  • The sugar market has rebounded thanks to fears of El Nino.
  • This can cause dry weather and poor cane growth in the Western Pacific.
  • But El Nino’s impact on the sugar market is complicated.

Stephen Geldart

11 months ago

9 min read

From the TXF Global Conference: Ensuring Food Security

  • Markets have responded to disruption to Black Sea grains shipments.
  • Energy security is an overlooked part of food security.
  • The commodity trade can use its influence to enhance sustainable food security.

Stephen Geldart

11 months ago

13 min read

How External Markets Are Influencing Sugar

  • I presented at the S&P Global Sugar Conference in Geneva this week.
  • My talk covered external markets and how they impact sugar.
  • Find out how everything is interconnected.

Stephen Geldart

1 year ago

19 min read

March 2023 Sugar Market Video

  • Can raw sugar keep rallying while other commodities retreat?
  • In the short term sugar supply seems to be constrained.
  • There’s also almost no investment in sugar production for the long term either.

Stephen Geldart

1 year ago

6 min read

February 2023 Sugar Market Video

  • Sugar consumption growth has slowed since the 2010s.
  • We break down the reasons why and show what could happen in the future.
  • This speech was first given at the Dubai Sugar Conference 2023.

Stephen Geldart

1 year ago

11 min read