Opinion

Sugar and Biofuel market information and resources
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A path of cooperation between Proterra Foundation and VIVE Programme
Boosting cooperation in the sugarcane and sugar beet supply chains. We are pleased to announce that the ProTerra Foundation and the VIVE Programme have joined forces to explore a path of cooperation and mutual recognition of their efforts to promote sustainable agriculture and food supply chains. In January 2019, The ProTerra Foundation and the VIVE Programme embarked upon a benchmarking exercise of the ProTerra Standard and the VIVE Sustainable Supply Programme.
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Benchmark Announcement: Smartcane BMP
In October 2018 Smartcane BMP and VIVE agreed to explore whether aligning the two programmes could relieve the administrative pressures of achieving compliance to multiple sustainability standards, whilst at the same time offering a unique product to market harnessing the strengths of the respective schemes.
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The Sugar Market: In Transition?
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?
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.
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Czarnikow Annual Review 2017 Market Report
2017 was characterised by extremely difficult trading conditions. Many major trading houses were poorly positioned throughout the year, which led to an accumulation of losses.
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Czarnikow Annual Review 2016 Market Report
In 2017, it looks as though the sugar market will move back into a surplus position, following two years of deficit production. The sugar market has already reacted strongly. Speculators have removed their record long position in the market, which was reached in October 2016.
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2015/16: Deeper Sugar Deficit
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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Czarnikow Annual Review 2015 Market Report
The sugar market has been in surplus for four years. This has made trading conditions difficult; prices have been declining and volatility has reduced. But is this set to change?
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The Inconvenient Truth about Sugar Consumption (it’s not what you think)
The rise in obesity is a problem. And it is being blamed on a rise in the consumption of sugar. However, while global sugar consumption is rising in aggregate, in the developed total world sugar consumption has been surprisingly stable.
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Sugarcane production and water risks; a longer term view
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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Sugar and the Commodity Supercycle
While Asian economies have high growth potential, they will become increasingly in need of the agricultural production of the west.
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Consumption statistics, the production surplus and the market
The surprising thing about the sugar market today is that analysts are in consensus: The balance sheet is in surplus and stock levels are rising.
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Sugar in 2013: Any Change in the Outlook?
At first glance it looks as though sugar will be in for quiet year. However, as prices fall so too does the incentive to produce, while demand will be encouraged by rising affordability.
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Running Low On Gas: The Competition For Ethanol Feedstocks
The global ethanol market has grown 400% in the last decade, driven by the United States and Brazil.
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Outlook for the Global Sugar Economy
The outlook for the global sugar economy does not look good. From what I have heard so far at this conference the Indian sugar industry is in a bad place financially. But it’s not alone. The global sugar economy seems to be in a pretty bad place: It seems as though almost everyone is losing money.
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