FAO Sugar Price Index finally showing gains?

After falling 2.8 percent in 2018, FAO’s Food Price Index (FFPI) is down 2.7 percent YOY for the first four months of 2019. (The index, adjusted for inflation, uses as baseline food price data from 2002 through 2004.) Looking at monthly data, April 2019 [...]

WASDE: Bearish corn & soybeans, sugar more steady

In the May 10 WASDE report, USDA’s 2019/20 forecasts left corn and soybeans in bearish territory, while sugar showed stability. U.S. corn stocks-to-use (STU) ratio was projected at nearly 17 percent, with ending stocks for 2019/20 expected to rise 16 percent compared to 2018/19. [...]

U.S. East Coast sugar taxes update

For 2019, the sugar tax and other beverage regulations were the big story that wasn't. Instead, the two-cent-per-ounce tax, cup-size limits for food service, labeling requirement, etc. will have to wait till at least the next legislative session. This will shift attention—and intense lobbying [...]

Mexico sugar output higher still in 2018/19 & 2019/20?

FAS’s new GAIN report on Mexico pegs 2018/19 cane sugar production at 6.56 million metric tons (MMT), up 3 percent from 2017/18 output of 6.37 MMT. For 2019/20, sugar production is forecast slightly higher still at 6.57 MMT. Domestic consumption is seen lower, however, [...]

California beverage tax only mostly dead

Last year, then-Governor Brown surprised many by signing into law a fast-moving, 12-year ban on local soda taxes. Reports suggest that Brown had made the move to forestall a threatened voter initiative—backed by business groups—that would have made it significantly more difficult for counties [...]