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Sugar, ingredients and biofuel market information and resources.
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Trade Finance Terms: Broker Lines and Facilities

One of the challenges that comes with using deriviatives to manage price risk is the requirement to manage and finance margins, which can be done by using broker lines and margin funding. In this article, we take a look at margining in more detail and also how it can be financed. What is Margining? Margins […]

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Price Risk Management: How We Use Derivatives

What are Derivatives? Before we can begin looking at different types of derivatives-based risk management in detail, we first must understand what derivatives are. Simply put, a derivative is a form of financial tool that is reliant upon (or derived from) an asset (often referred to as the ‘underlying asset’). Derivatives and risk management Derivatives […]

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The Sugar Market: In Transition? | Czarnikow

We expect prices to bottom in H1’19, if they haven’t already. However, high global sugar stocks will make it hard for the market to strengthen significantly. We therefore expect market action to be choppy in 2019. [3,000 words/15 minutes’ reading time] This article first appeared for paying subscribers last week.

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Cheap Sugar – Changing Behaviour? | Czarnikow

Since the V’18 expiry the sugar market has rallied strongly London Sugar Week showed most people are no longer bearish Is the sugar market surplus really over? [2,650 words/13 minutes’ reading time] This article first appeared for paying subscribers last week. No-One Knows Anything Any More

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2015/16: Deeper Sugar Deficit | Czarnikow

Global sugar production falls 6.5% in 2015/16, to 174.1m mtrv (metric tonnes raw value). 2015/16 is in deficit by 11.4m mtrv, the second largest production deficit on record.

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Sugarcane production and water risks; a longer term view | Czarnikow

Weather risk in the sugar market is usually seen as coming about when heavy rainfall disrupts crushing – just as we have seen in Brazil this season.

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