A closer look at sugar deliveries, demand growth USDA forecasts for demand growth

USDA estimates sugar deliveries for food use shrank by half a percent in 2017/18 and as of last WASDE forecasts a 0.6 percent increase for that volume in 2018/19 at 12.125 million STRV. This volume is unchanged from forecasts in the previous months, though [...]

Teaching sugarcane’s genome new bioenergy, biofuels, & bioplastics tricks

An international project is underway to sequence the sugarcane genome by 2020. One of the potential avenues for GM of cane will be the development of varieties better suited to the production of energy, fuels, and plastics. “Sugar is the last major cultivated plant [...]

Beware the Ides of March: Late, wet start for 2019 planting?

January and February saw substantial snowfall accumulation across the northern Central Plains, raising concerns about the volume of the spring thaw. The storm during Mar. 9-10 brought additional snowfall and blizzard conditions across the Dakotas, Minnesota, Wisconsin, and northern Michigan. Another event is forecast [...]

Updates on beverage & sugar taxes in Latin America & the Caribbean

Sweetened beverage sales in Jamaica, one study suggested, fell by more than 4 percent as a result of a 10 percent tax on sugar-sweetened beverages, with at least one researcher suggesting that the tax rate should be doubled. Citing rising obesity rates, the Jamaican [...]

Brazil center-south ethanol sales up as crush winds down ahead of the new campaign

For the 2018/19 April-March center-south cane campaign, crush through mid-February is up 3.6 percent YOY. With the sugar share at 35 percent for the season to date, cumulative sugar production reached 26.36 MMT, down 26.5 percent YOY. Cane ethanol production, meanwhile, is up 19.5 percent [...]

Updates on sugar & beverage taxes in North America

In the U.S., Connecticut’s governor is backing a proposed sweetener beverage tax of 1.5 cents per ounce—part of a series of taxes on e-cigarettes and related supplies, some bottled alcoholic beverages, and even plastic bags. The governor’s office estimates revenue for the sweetened beverage [...]

Noncommercials add to net short position on #11 world sugar

As of the week of Feb. 5, the most recent report available, total noncommercial positions shifted higher, to a three-week high, but remain near levels seen at the start of the crop year. Noncommercials added to both long and short positions in that week, [...]