An end of the surplus phase with global deficit of 4.8 mln tonnes projected for 2019/20
World output to reduce by 4.1 mln tonnes on the back of lower output in India
Will Brazil regain the position of the world’s largest sugar producer?
Global consumption growth to slow down
Considerable surplus stocks still overhanging the market
World prices remain locked in a narrow range
Depressed white sugar premium
Trade tensions pressure the global economic environment
Brazilian Real and Indian Rupee at weakest this year
India domestic prices rise as mill sales quota lowered
Special Focus - Ethanol yields from various feedstocks
How well-poised are sugar crops compared to other ethanol feedstocks in terms of ethanol yields and energy balances?
Brent Crude and WTI fall as estimates for oil demand growth lowered
Corn prices fall in August
Global production increases projected for 2019 and 2020, but not as large as in 2018
Consumption estimate for 2019 shows an 4.5% increase on previous year.
Consumption outlook supported by US E15 prospects, shifting consumer demand in Brazil and growth in Asia.
Ethanol prices in the US weaken in line with corn values, low by-product returns hurting profitability
Bioplastics and Biochemicals
In 2017, the global bioplastics market generated over USD24 bln
Thailand’s government promotes investment incentive packages to boost sector
Brazil’s BNDES approves loan for cogeneration plant in Minas Gerais
In India, the Punjab government will upgrade the cogeneration plant at Bhogpur Sugar Mill
US HFCS market share continues to decline
Corn price rise during 2019 increased the cost profile for HFCS
Allulose received boost by FDA ruling excluding it as a sugar from product labelling
Molasses prices in the EU have increased substantially in recent months
Beet pulp and molasses prices converge
Domestic molasses demand has increased through ethanol blending programmes in India and Thailand
Caseload continues to increase, now includes three panels on Indian sugar
EU-Mercosur agreement has been concluded, awaiting ratification
Nigeria commits to the African Continental Free Trade Agreement
i-iii Executive Brief 1 World Sugar Market 1 World Balance 2 Supply 2 Production 10 Export Availability 12 Demand 13 Consumption 14 Import Demand 17 Brief(19)05 – Trade Balance for Raw and White Sugar 18 World Market Events and Prices 21 Currency Movements 23 Domestic Prices 25 Special Focus 25 Ethanol yields from various feedstocks 28 Commodity Prices 30 Fuel Ethanol 30 Overview 30 Production 31 Consumption 32 Trade 33 Prices 34 Developments in Selected Countries 38 Bioplastics and Biochemicals 39 Cogeneration 40 Alternative Sweeteners 40 High Fructose Corn Syrup 43 Intensive Sweeteners 44 Molasses 48 WTO Update 49 Regional Trade Agreements 50 World Sugar Balance Estimates