August 24, 2017The global sugar surplus is expanding as Brazil, Thailand and the European Union drive world production to record, according to Green Pool Commodity Specialists. Supplies will outpace demand by 7.1 million metric tons in the 2017-18 season that starts in October in most countries, a 29 percent increase from a May forecast.
August 23, 2017Commodities consultancy Green Pool increased its estimate for global sugar production in 2017-18 by 28% to a 7.14 million metric ton surplus compared with its previous forecast in early May.
July 3, 2017Green Pool highlighted the threat to sugar consumption from the likes of health concerns and rival sweeteners as it raised by 837,000 tonnes its forecast for the looming world sugar production surplus. The Australia-based sugar consultancy revised up to 5.55m tonnes its forecast for the global output surplus in 2017-18, taking it to the largest since 2013-14.
May 24, 2017It’s not this year’s price crash that haunts the $150 billion sugar industry. It’s the fear of worse to come. Raw sugar’s 16 percent drop ranks it bottom of the 22 raw materials on the Bloomberg Commodity Index. Shocks to demand in top consumer India and prospects of more European supply are helping shift the market to a surplus, hurting prices. Yet beyond such market dampeners, hang darker clouds. After decades of stable demand growth, almost doubling per person since 1960, the world is heading for a tipping point as shoppers turn against the cola and candy blamed for an obesity epidemic in the rich world. At the same time, sugar has to compete with cheap syrups increasingly used in processed food. "Growth is not what it’s been," Tom McNeill, managing director of Green Pool, said in an interview. "There is undoubtedly a move by global bottlers and by a lot of global food manufacturers to reduce the sugar content in their products."
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11:03 am, September 23, 2017Sugar prices end week with a fall. Several banks & others projecting wide range of avg price for 2018. Fundamentals still looks gloomy to us
12:10 pm, September 19, 2017News that China will implement a national E10 ethanol blend by 2020 raised eyebrows, but may be good news for ethanol exporters short term?
5:08 pm, September 18, 2017Raw sugar prices surged Friday despite weak expiry of Oct white sugar, seeing just 14k whites delivered. Hurricane Jose stays away from cane
3:37 pm, September 15, 2017Global sugar prices stuck in tight range before Oct whites expiry. White sugar premiums being crushed. Cuba & Florida cane damaged by Irma
5:10 pm, September 12, 2017Sugar prices hike to 14.29 c/lb Monday as prelim reports show limited damage to Florida cane crop. Cuba not so lucky. Chart forming wedge