Sugar
A second season of considerable global statistical surplus
Further increase projected for world production to record 185.2 mln tonnes
Global use to grow by 1.65%
A global trade surplus is expected in 2018/19
Ending stocks/consumption ratio to grow
World market prices at the lowest level since December 2008
Mixed picture in domestic sugar price dynamics
Special Focus - World bagasse-based cogeneration of energy – an update
World cogen capacity surges 43.5% since 2014
Commodity Prices
FAO Food Price Index fell 3.7% in July, down in all sub-indices.
Oil prices remain at a relatively strong level
World Fuel Ethanol
US production continues at pace, EPA administrator resigns
Brazil draws in record hydrous demand as gasohol remains at BRL4/litre
EU RED II positive for ethanol
Global fuel ethanol trade in 2018 expected to rise, US exports complete record 6 months
Brazil export programme yet to take off
Bioplastics and Biochemicals
Asia-Pacific region has 40% share of market for biodegradable bioplastics
Cogeneration
In Brazil, bagasse-power currently represents 6.7% of the country’s energy matrix
Alternative Sweeteners
US HFCS domestic offtake remains low, while producers are squeezed by higher corn prices
EU isoglucose production quotas removed, output rises modestly
Molasses
EU feed industry challenged by hot weather
Indian molasses prices steady, but next cane harvest only months away
Global molasses trade remains patchy
WTO Update
The next Ministerial Conference has been scheduled
BRICS leaders voice their support for the WTO
RTAs
NAFTA renegotiation remain slow
EU – Merocsur sees little progress
EU – Japan EPA concluded, but with little sugar impact
AfCFTA progressing at Nouakchott meeting
i-iii Executive Brief
1 World Sugar Market
1 World Balance
2 Supply
2 Production
10 Export Availability
12 Demand
12 Consumption
14 Import Demand
16 Brief(18)05 – Trade Balance for Raw and White Sugar
17 World Market Events and Prices
20 Currency Movements
22 Domestic Markets and Prices
24 Special Focus
24 World bagasse-based cogeneration of energy – an update
29 Commodity Prices
31 World Fuel Ethanol
31 Overview
32 Production
35 Consumption
37 Ethanol Trade
39 Prices
41 Bioplastics and Biochemicals
42 Cogeneration
43 Alternative Sweeteners
43 HFCS / Isoglucose
46 Intensive Sweeteners
47 Molasses
50 WTO Update
51 Regional Trade Agreements
52 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.