3,000+
Viewed by
4.4
Ratings
15+
Countries Tracked
47
Suppliers Covered
14
Clients Served
5%
Savings Generated
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5-6 Percent
1.5 MMT
1.1 MMT
0.6 MMT
Category Intelligence on Sugar covers the following
Global supply surplus is expected to be 8-10MMT for 2017/18.EU has contributed to the surplus production globally, however, its consumption is stable with the market share of 11 percent
Global supply surplus is expected to be 8-10MMT for 2017/18 with excess supply from EU, India an Thailand.
Supply for 2017/18 has increase by 5-6 percent compared to previous year, whereas consumption growth is only 1.5-2%.
Production has been consistently increasing in all the major producing countries, significantly 38 percent increase in EU post sugar quota removal.The market is currently facing massive supply with high production from EU, Thailand and India.Anticipated El Nino conditions could be expected to curb the production in the Asian countries.Production in India dropped in 2016/17, however, increased by 46 percent in 2017/18, glutting the global market.
Exports in the global market were impacted with barrier in China for imports, however, with declining stock levels in China it could be expected to reopen the import trade by 2018/19.
Despite Brazil being the leading exporter, sugar exports dropped in June 2018, down by 2.12 MMT than May 2018.
With surplus supply of 24.5MMT hitting the market currently, plantings for 2018/19 is scaled down and the production could decline by 4 percent
Production in EU for 2017/18 has reached 21.15MMT, 16 percent higher after the quota removal in 2016/17
Quota Relaxation Impact:
Imports have declined by an approximate 45-50 percent in 2017/18 when compared to 2016/17 and the trend is expected to continue in 2018/19.
Import dependency has reduced drastically with removal of limitation in production.
Quota Relaxation Impact:
Europe could be expected to become net exporter in 2017/18 and 2018/19 with high production, however export prices are highly competitive.
Exports more than doubled this year, witnessing a consistent increase owing to surplus production this year and removal of export barriers.
Quota Relaxation Impact:
Raw material cost is the major impacting factor of the sugar price which contributes up to 80 percent of the production cost.
Sugar companies having diversified production segments other than sugar segment have been shielded from losses to certain extent.
Quota Relaxation Impact:
Sugar
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