Stephen Geldart

Associate Director

Stephen joined CZ in 2008 and leads the Analysis Team, who provide leading-edge coverage of the sugar, ethanol, ingredients and packaging markets primarily on Czapp.com, CZ’s online portal. CZ’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 CZ, Stephen began his career in the oil refining industry. He holds an MSci in Chemistry from Imperial College London.

Insight
  • April 28, 2025

Why is CZ’s Sugar Production Surplus for 2025/26 So Large?

Insight Focus We think the world will make 9.3m tonnes more sugar than...

Insight
  • April 4, 2025

What Trump’s New Tariffs Mean for Sugar

Mexican and Canadian sugar flows are unaffected for the time being. CA...

Insight
  • April 4, 2025

What Trump’s New Tariffs Mean for Sugar

Insight Focus Mexican and Canadian sugar flows are unaffected for the ...

Insight
  • December 19, 2024

Trump Proposes Tariffs on Mexican Sugar Imports

Insight Focus President-elect Trump has proposed tariffs on Mexican go...

Insight
  • September 19, 2024

Why Did Raw Sugar Rally Again And What Does it Mean?

Insight Focus  Raw sugar rallying again on enormous volume. Prices no...

Insight
  • July 8, 2024

Another Look at Brazil

Insight Focus Worries about CS Brazil’s cane crush have propelle...

Insight
  • June 24, 2024

BP Fire Starting Gun in Race for SAF Feedstock

Opinion Focus bp will acquire Bunge’s stake in their Brazilian c...

Insight
  • June 21, 2024

What Brazilian Real Weakness Means for Commodities

Opinion Focus The BRL has been one of the world’s worst-performi...

Insight
  • June 14, 2024

Focus on Brazil

Insight Focus The Brazilian real (BRL) is projected to weaken against ...

Insight
  • May 28, 2024

Exploring Sugar’s Downtrend

Insight Focus The sugar market is in a downtrend. This will be driven ...

Insight
  • March 26, 2024

March Sugar Market Webinar: Making Sense of Recent Prices

Insight Focus Sugar futures are once again trading in a range. Global ...

Insight
  • March 12, 2024

February Sugar Market Webinar: The EU Sugar Market in 10 Minutes

Insight Focus European sugar production should increase in 2024/25. Th...

Insight
  • February 1, 2024

A Look At Sugar Market Positioning Ahead of the March Futures Expiries

Insight Focus The sugar market has rebounded 20% from recent lows. Spe...

Insight
  • January 8, 2024

What Follows The Sugar Market’s December Collapse?

Insight Focus December’s 25% sugar price fall was mild by histor...

Insight
  • June 30, 2023

Aspartame to be Reclassified by World Health Organization?

Insight Focus Reuters reports the WHO might be about to declare aspart...

Insight
  • June 26, 2023

How Cane Biomass Can Increase Energy Security and Decarbonisation

Insight Focus Biomass is increasingly a source of revenue for cane mil...

Insight
  • May 30, 2023

From the TXF Global Conference: Ensuring Food Security

Insight Focus Markets have responded to disruption to Black Sea grains...

Insight
  • January 30, 2023

Czapp Explains: Types of Freight

Freight Course Overview Welcome to Czapp’s course on freight. We hop...

Insight
  • September 15, 2022

Inflation and Commodities: The Need for Investment

Inflation is probably transitory and structural. Reduced globalisation...

Insight
  • June 24, 2022

Ask the Analyst: How’s India’s Monsoon Going?

Insight Focus The monsoon is the lifeblood of India’s agriculture. G...

Insight
  • June 23, 2022

Czapp Explains: Physical Differentials

Sugar and other commodity prices, typically quoted as physical values,...

Insight
  • May 9, 2022

Should India Abandon Ethanol To Make Food?

Insight Focus High global food prices are helping India export its sto...

Insight
  • March 4, 2022

Is ‘Fortress Russia’ Self-Sufficient in Sugar?

Insight Focus Russia is normally self-sufficient in sugar. But more th...

Insight
  • March 4, 2022

Black Sea Sugar Freight Suffers Little War Disruption

Insight Focus Black Sea shipping is being disrupted by the Ukraine war...

Insight
  • February 7, 2022

Inflation & Commodities: A Contrarian View

Insight Focus Inflation is front-page news. The ‘long commodity’ t...

Insight
  • October 8, 2021

What the Energy Crisis Means for Inflation & Commodities

The world’s natural gas markets have gone berserk. Many non-energy c...

PET
Insight
  • May 28, 2020

May PET Update – Stabilisation

242 words / 1 minute reading time Global PET demand remains sluggish d...

Insight
  • August 30, 2019

Czapp Improvements in August 2019

What’s new? Quite a lot, actually.  We’ve continued to enhanc...

Insight
  • August 6, 2019

Sugar and the Move to Low Sulphur Marine Fuels

Demand for low sulphur marine fuels will rise in the coming months. A ...

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