Asia Analysis

  • Thai Raws Nominations Picking Up

    Wednesday, 5 September, 2018

    Thailand Q3 raws nominations starting to pick up. Australian cane crushing looks normal. Chinese mills make good sales in July, which could continue in August / September.   Read this analysis…

  • China: A home for Indian sugar?

    Monday, 4 June, 2018

    Chinese/Indian bilateral sugar deal could reduce raws and whites demand from other origins. Thai crop finishing; new worries over raws quality, whites in surplus and have converged with futures. Philippines likely to import whites after poor sugar crop. Read this analysis…

  • Domestic Prices Falling in China – Will destocking continue?

    Thursday, 10 May, 2018

    Thailand March raws exports slight increase. About 50% of Thai March top whites destination is actually meant for China’s demand. China domestic prices under pressured, destocking expectation has reduced. Read this analysis…

  • Thai/Indian Crop Revisions

    Wednesday, 11 April, 2018

    Thai crop revision to 132m tonnes cane, 14.5m tonnes sugar; both records. Indian crop revision to 31m tonnes sugar, also a record. Both countries have the potential to add to global white sugar supply. Read this analysis…

  • Pakistan exports set to reach 2m mt

    Monday, 26 March, 2018

    Pakistani domestic prices are rising; we still expect 2m tonnes exports this season. Chinese domestic prices are falling; further import controls ahead? Record production means full raws storage in Thailand. Read this analysis…

  • Risk Around the Thai Premium

    Wednesday, 28 February, 2018

    Pakistan is increasing its pace of world market exports. This is potentially negative for East Asian and Indian Ocean whites cash values. Chinese white sugar smuggling has slowed; this could be negative for the whites premium. Read this analysis…

  • Indian Surplus

    Monday, 12 February, 2018

    Pakistan is subsidising whites exports. Is India about to follow? China is yet to issue raw sugar import licenses which could be lower than the market expects. This year’s Thai crop looks excellent, but is leading to high stocks as offtake has been slow. Read this analysis…

  • Record H2’18 Thai Raws Availability?

    Tuesday, 23 January, 2018

    Thai sugar production forecast increased by 440k tonnes to 12.3m tonnes, a record. H2’18 Thai raws availability likely to be the highest we’ve ever seen. Pakistan may have exported its full 2m tonnes subsidised whites programme by end-May. Read this analysis…

  • Record Thai Crushing Pace

    Tuesday, 2 January, 2018

    As of 23rd Dec, Thailand cumulative cane crushed has reached 14.58mmt; up by 24% y-o-y China production has been progressing well despite a later start in Guangxi. Read this analysis…

  • Australian Buffer Tonnage Reduced

    Tuesday, 5 December, 2017

    Australian crushing coming to an end. Productions seems to have disappointed, with 250kmt less sugar available for World Market. Crushing has begun in India, as of 30th Nov, production is up by 44% y-o-y. Read this analysis…

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