With high crude oil prices driving up freight rates, India has emerged as a preferred supplier of sugar over Brazil for markets in the Middle East, Eastern Africa and South Asia, reported Hindu Business Online.
Brazil – Hydrous-ethanol market contracts on reduced demand [Registered]
Combination of reduced supply from mills and weak demand has resulted in hydrous-ethanol market shrinking in Brazil. Since the beginning of the 2016/17 season in April through July, sales of hydrous ethanol from mills to distributors and then to retail have fallen by 15% compared with the same period last year, according to Valor Economico.
UK – Sugar sales fall by 14% in 2014 driven by negative media coverage [Registered]
Emma Clifford, Senior Food and Drink Analyst at Mintel, was unequivocal about the impact of media in driving intake. She said “Consumers’ attention to sugar has undoubtedly been heightened by the high-profile sugar debate during 2014 which has acted to demonise this ingredient to a certain extent.
Monthly Snapshot March [Registered]
According to FO Licht’s latest forecast, the sharpest decrease in output is expected in South America, where total output is seen falling by 3.4 mln tonnes year-on-year to 44.2 mln. Bulk of the reduction is from Brazil where sugar output fell 6.8% on the year to 31.956 mln tonnes (34.267).
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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