January 3, 2018March raw sugar settled down 0.02 cent, or 0.13 percent, at 15.31 cents per lb after peaking at 15.37 cents, its highest since Nov. 28. But focus on bearish fundamentals returned after closely-watched commodity analyst Green Pool on Wednesday raised its projections of a global surplus in 2017/18 to 10.43 million tonnes, up from a forecast of 9.8 million. [nL8N1OY1Q7
January 3, 2018Green Pool hinted at the potential for sugar price weakness as it lifted to a 15-year high its forecast for the extent of supplies of the sweetener, citing strong production prospects in the likes of India and Thailand. The Australian-based analysis group raised by 629,000 tonnes to 10.43m tonnes its forecast for the world sugar production surplus in 2017-18 - while reducing by 664,000 tonnes to 1.11m tonnes its estimate for the output shortfall last season.
November 2, 2017The global sugar market is poised for a surplus of 9.80 million tonnes 2017/18, Australia-based analyst Green Pool said on Tuesday, amid stronger production and sluggish consumption growth.
November 1, 2017The global sugar market is poised for a 2017-18 surplus of 9.8 million tonnes, Australia-based analyst Green Pool said.
Green Pool provides an independent view of global sugar and biofuels markets through consultancy and market analysis.
At Green Pool, we provide economic and market analysis to a select client base of growers, processors, consumers, government, investors, traders and hedge funds. We pride ourselves on being independent and privately owned. Our analyst team is comprised of a mixture of commercial practitioners and academics up to Masters and PhD level.
This means that in addition to having very broad, real world commercial experience, we can give totally independent advice – something that we feel is crucially important. Consequently, we are able to work closely with our clients to tailor solutions that fit their specific and individual needs and objectives.
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12:26 am, January 4, 2018Green Pool today publicly released new estimate of 17/18 surplus of 10.426 mln mt raw value. That is more than the… https://t.co/x7B2E4IhBb