Czarnikow is a sugar and ethanol trading, advisory and supply chain management firm.
Operating globally from offices in 12 countries, Czarnikow has a reputation for high levels of client service and ethical standards throughout the supply chain and is renowned for its world-class market information and analysis.
01 September 2015
We forecast India could produce a record amount of sugar in the coming season. From 28.6m tonnes in 2014/15 (the previous record in 2006/07 was also 28.6m tonnes), we think production will grow to around 28.9m tonnes. This is a remarkable outcome given that India has been in domestic surplus for the preceding 5 years and domestic prices are 22% lower than they were 12 months ago. The prospect of increasing stocks will also add to the pressure on the government to assist exporters, which could have negative effects for the world market.
16 June 2015
Global sugar production in 2014/15 was the highest on record, at 187.1m mtrv (metric tonnes raw value).
This eclipses the previous high of 185.5m mtrv recorded in 2012/13. This is despite sugar prices falling to multi-year lows. Our first outlook for 2015/16 is that production could be the second highest on record at 186.0m mtrv, though this view is dependent on the CS Brazilian crop. Nevertheless, we calculate the 2015/16 deficit at 1.7m mtrv at this early stage.