WASDE challenges expectations for domestic sugar & corn demand

Intriguing WASDE sugar forecasts this month: A look at the bottom line shows an increase of 118,000 short tons raw value (STRV) in 2019/20 ending stocks, perhaps prompting a sense of relief as supply and markets seem to be improving. But that does not [...]

Will Mexico revamp its sugarcane pricing system?

Weeklong mill grower blockade over: Sugarcane grower unions have lifted their blockades of cane mills across the country based on an agreement signed between the UNC grower union and the CNIAA, the “Sugar Chamber” representing Mexico’s milling and refining industry. More comprehensive data: The [...]

Brazil center-south sugar output down 5 percent

Cumulative sugar production at 20.01 MMT: From April through mid-September, center-south (CS) output is down 4.9 percent YOY and down 14.2 percent from the five-year average. Cumulative recovery is down 6.1 percent YOY at 45.7 kg of sugar per MT of cane. Per UNICA, [...]

Selling into weakness at decade lows is seldom a winning strategy

The #11 world sugar market has trended lower throughout most of 2019. The bears have been chasing a surplus crop in India as well as lower quality stocks of Thai raw exports that have caused weakness in nearby tape. Compounding the move lower, speculative [...]

Sugar price index clocks fifth month of gains

Sugar price index up YOY: FAO’s sugar price index was up 11.1 percent YOY in August (adjusted for inflation). This marks the fifth straight month of YOY gains after nearly two years of declines. For 2019 to date, the sugar price index is still [...]

China sugar industry plans to lobby for tariffs

Mills will be asking the Ministry of Commerce to extend tariffs originally set in 2017 that would support domestic sugar pricing, per Reuters. A year ago, the Chinese government levied tariffs on all out-of-quota (OOQ) sugar, which meant that developing nations were no longer [...]