Sugar
World statistical surplus to increase to 5.0 mln tonnes in 2017/18
Record world sugar production at 179.4 mln tonnes
A continuation of surplus phase in 2018/19?
World market values remain under downward pressure
Hedge funds net-short in New York since May
Special Focus - China’s safeguard measure on imported sugar – how has it affected imports?
Import duties on out-of-quota sugar increased to 95% this year
Commodity Prices
Oil prices recovering
World Bank expects little change in agricultural commodity prices
World Fuel Ethanol
Higher global production and consumption
Flat mandated inclusion in US market
Rebound in Brazilian output
Higher production and use in smaller mandated markets
Global trade to shrink in 2018
Bioplastics and Biochemicals
Total Corbion launches Bonsucro certified bioplastic
Cogeneration
In Brazil, energy from biomass to national grid increases
Nicaragua bagasse-based generating capacity increasing
Alternative Sweeteners
Further contraction in US HFCS offtake
Quotas abolished for EU isoglucose producers
PureCircle to roll out next generation stevia leaf
Intelligent tongue technology helps identify new stevia sweeteners
Molasses
Molasses prices expected to weaken
Significantly boosted production in EU will depress import demand
Boosted output in key exporters but limited rise in export availability
WTO Update
Significant gaps remain in negotiating stances
Members to decide what issues can be considered at November Ministerial.
RTAs
NAFTA renegotiation stumbles
TPP signatories still to determine next steps
EU-MERCOSUR negotiations reach critical stage
EU-India to relaunch trade talks
EU-Indonesia trade pact talks advance
EU-Australia discuss potential trade agreement
Eurasian FTA sugar concerns raised by Russia
i-iii Executive Brief 1 World Sugar Market 1 World Balance 2 Supply 2 Brief(17)07 – Mid-term Review 3 Production 12 Export Availability 13 Demand 14 Consumption 15 Import Demand 17 Brief(17)08 – Trade Balance for Raw and White Sugar 18 World Market Events and Prices 21 Currency Movements 23 Domestic Prices 25 Brief(17)09 – Sugar Policy Developments 27 Special Focus 27 China’s safeguard measures against imported sugar – how has it affected imports? 30 Commodity Prices 32 World Fuel Ethanol 32 Overview 32 Production 34 Consumption 37 Ethanol Trade 38 Prices 41 Bioplastics and Biochemicals 42 Cogeneration 43 Alternative Sweeteners 43 High Fructose Corn Syrup 46 Intensive Sweeteners 47 Molasses 51 WTO Update 52 Regional Trade Agreements 54 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.