Sugar
Deficit phase to continue in 2016/17
World statistical deficit to increase to 7.0 mln tonnes
Extremely tight trade balance
World sugar stocks to reduce to the lowest level since 2010/11
Global fundamentals support further strengthening of world prices
Most domestic prices yet to follow rises in world market values
Commodity Prices
World Bank still expects prices to fall in 2016…
…despite an upturn in the first half of the year
World Fuel Ethanol
Global production and consumption plateau
Higher mandated inclusion in US market…
… but producers face slim margins
Brazilian output to contract
Higher production and use in smaller mandated markets
Global trade to contract in 2016
Alternative Sweeteners
US HFCS offtake continues to contract
No country has yet authorised commercial use of fermentation stevia sweeteners
Molasses
Availability to remain limited in key Asian exporters
Poor competitiveness against grains in livestock feed
WTO Update
WTO Director General calls for action on Doha Round
RTAs
NAFTA: Suspension Agreements revisited
EU-Indonesia negotiations launched
EU-SADC EPA signed
Brexit and sugar
Executive Brief World Sugar Market World Balance Supply Production Export Availability Demand Consumption Imports Demand Brief(16)05 – Trade Balance for Raw and White Sugar World Market Events and Prices Currency Movements Domestic Prices Commodity Prices World Fuel Ethanol Overview Production Consumption Ethanol Trade Prices Alternative Sweeteners High Fructose Corn Syrup Intensive Sweeteners Molasses WTO Update Regional Trade Agreements World Sugar Balance Estimates The views expressed in this document are those of the ISO Secretariat. They do not necessarily represent the views of the ISO Members.