sugar Archives

September Rains Could Decide India’s Sugar Export Limits

Posted on 20. September 2024

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Sugar: Supportive Scenario Brings Microclimate and Delivery Factors, Says Hedgepoint

Posted on 19. September 2024

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Sugar Prices Ease Slightly – Brazil Sets Record Exports

Südzucker Has to Issue a Profit Warning: Trade Cuts Sugar Prices Significantly

Posted on 17. September 2024

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Sugar: Price Decline Despite Supply Shortages

Major Sugar Price Cut by Türkşeker: Discount and Installment Options Announced

Posted on 16. September 2024

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Raw Sugar Prices Face Resistance at 20c/lb Mark Raw sugar prices continue to struggle in their attempt to break through the 20 cents per pound resistance level, despite some positive signals. According to Lívea Coda, a Sugar and Ethanol Analyst at Hedgepoint Global Markets, "Last week, weakness in the energy sector and broader macroeconomic concerns overshadowed some of the bullish signals that had emerged." While sugar prices did see a modest increase after the dollar correction on September 6, triggered by weaker-than-expected U.S. employment data for August, the market remained weighed down by other factors. Notably, the recent news of India potentially banning sugar exports did not have the expected impact, and prices ended the week lower. India's Role in Global Sugar Trade India, the world's second-largest sugar producer after Brazil's Center-South region, has reignited a central question in the market: Will India export sugar this season? The Indian government has indicated its intention to ban exports, aiming to meet its goal of achieving a 20% ethanol blending target by the 2025/26 season. However, the global trade consensus suggests that India’s participation in the sugar market is crucial, especially after Brazil's production took a hit due to recent drought conditions. "The lack of a final decision leaves room for the market, and for us, to remain cautiously optimistic about potential Indian exports, which could ease some of the supply squeeze during the Brazilian off-season," Coda notes. Indian Export Potential Tied to Prices For India to consider exporting sugar, prices would need to rise above the 20c/lb mark. Given the domestic pricing situation and the expected deficit in global trade flows, Indian mills may demand a premium, potentially pushing export parity above 21c/lb. "If the market is willing to pay, wouldn’t the government feel pressured to allow exports?" Coda asks. This is a possibility, particularly if production exceeds estimates, as was the case last season when many predicted a crop below 30 Mt due to the worst August monsoon in a century. However, production ultimately came in at 32 Mt, factoring in ethanol diversion. Cautious Optimism Prevails Despite the uncertainty, market experts remain cautiously optimistic. "A word of caution, however: if any export permission is granted, it will likely come after the new season starts and gains momentum," Coda warns.

Global Sugar Prices Struggle Amid Uncertainty Over Indian Exports and Market Pressures

Posted on 12. September 2024

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India’s Sugar Export Policy – A Cautious Wait Until December

Posted on 10. September 2024

Government Delays Sugar Exports Until… 🔹 For logged-out users (not logged in) Please register for a FREE membership to read this report. All reports on CMB News are free to […]

Global Sugar Prices Drop Amid Rising Cane Production Forecasts

Posted on 9. September 2024

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Sugar Prices Supported by Droughts and Wildfires in Brazil

Posted on 6. September 2024

Sugar prices are moderately higher today. The October raw sugar contract settled up 0.11 cent, or 0.6%, at 19.49 cents per lb. The October white sugar contract rose 1.8% […]

2024 Sugar Beet Harvest in Germany: Promising Yields Amid Disease Threat

Posted on 3. September 2024

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India’s Sugar Quota for September 2024. What are its implications for Exporters?

Posted on 2. September 2024

September 2024 Sugar Quota India’s… 🔹 For logged-out users (not logged in) Please register for a FREE membership to read this report. All reports on CMB News are free to […]

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