14 Oct 2020 (europa.eu) The European Commission has amended its weekly ACP/LDC sugar imports data spreadsheet. Imports into the UK and EU27 are separately recorded.
14 Oct 2020 (BDI, Medef, Confindustria) Ahead of the European Council on 15 and 16 October, the presidents of the major business associations BDI, Confindustria and Medef call on EU and UK negotiators to do everything in their power to reach an ambitious and comprehensive agreement in good time.
Germany, France, Italy: As members of the EU, we share the same interests and the same fundamental values and defend a globally unique model of a social market economy. Whatever happens after 31 December and in an increasingly risky and uncertain world, relations between us and our British colleagues, allies and friends will remain strong.
At this historic moment, we appeal to collective reason that this partnership can be built on a trusting and solid foundation.
13 Oct 2020 (europa.eu)
#Access2Markets is now live. Have a look https://europa.eu/!vN48RP
Product-by-product information on
* tariffs & taxes
* customs procedures
* rules of origin
* trade barriers
* product requirements
for all EU countries and for more than 120 export markets around the world.
13 Oct 2020 (André-Marie Bockiau via LinkedIn) RT Wanze Premier train de sucre 2020 Chaque fois 50 camions en moins sur la route.
Ce train en route pour Manufert Anvers, le terminal sucrier d’Euroports. Le sucre sera déchargé et stocké dans les silos dédiés de RT au terminal.
9 Oct 2020 (Farmers Weekly) Early yields from the sugar beet harvest are higher than expected after a tricky growing season hit by a spring drought and aphid-spread virus yellows.
9 Oct 2020 (The Herald, Zimbabwe) The Government is planning to give Lowveld sugar producer Tongaat Hulett Zimbabwe a 99-year lease for its sugar cane growing business as part of measures to guarantee the South Africa-headquartered firm’s investments in the country.
9 Oct 2020 (CAP Reform) The Commission has published without fanfare on its MFF website the breakdown of national pre-allocated ceilings for direct payments and rural development for the coming 2021-2027 programming period as well as their scheduling over the seven-year period.
9 Oct 2020 (Südzucker) The sugar segment's revenues were comparable to last year at EUR 1,112 (previous year: 1,121) million.
Sugar sales revenues were higher, but volumes were substantially lower, due in part to reduced sugar production during the 2019 campaign. In addition, the short-term positive effects of hamstering in the retail sector at the beginning of the fiscal year were negated over the further course of the year because of lower demand from the sugar processing industry due to measures to contain the corona pandemic. The segment was able to significantly trim its operating loss to EUR -56 (previous year: -93) million as foreseen. The improvement was driven mainly by higher sugar sales revenues due to price increases since the beginning of the 2019/20 sugar marketing year, which more than off-set lower sales volumes and higher production costs.
9 Oct 2020 (Agrana) Reporting on Agrana's results for the first half of 2020/21, CEO Dr Johan Marihart wrote, "Thanks to ample rainfall in the summer, we expect very good yields ... also for sugar beet ... As a result of pest pressure and dry spring weather, only about 26,000 ha of sugar beet will be harvested in Austria ... However, if 38,000 ha of beet cannot be contracted in Austria for the next sugar marketing year by the middle of November 2020, the Leopoldsdorf sugar plant will be closed after this year's campaign.
9 Oct 2020 (Zuckerindustrie) On October 7, 2020 the Annual General Meeting (AGM) of Nordzucker approved the annual report presented by the company's management.
From the Nordzucker annual report published on 27 May: It is not currently possible to foresee the impact of the coronavirus pandemic on the level of demand or on prices. Accordingly, it is only possible to provide forecasts for the current financial year to a limited extent. At any rate, in the current 2020/2021 financial year our goal remains to again achieve positive earnings. Beyond this period and considering the fundamental data, we envisage an average price trend which will enable attractive beet prices, positive corporate results and appropriate dividends on the basis of our competitive cost structures and high beet yields.
9 Oct 2020 (@sugartraders) EU reported sugar prices remained at 378 €/t in August, according to latest European Commission data. A @MSPowerBI chart here https://bit.ly/eusugarpx has further interactive details.
8 Oct 2020 (Geospacial World) British Sugar is working with leading satellite analytics company, Rezatec, to help achieve greater efficiencies in their supply chain and processing factories who are providing field-level crop classification of sugar beet and other crops.
8 Oct 2020 (Food Navigator) Critics have rounded on the UK government’s voluntary sugar reduction plan -- which calls for a 20% cut from the food industry in key products by the end of this year -- after a report revealed it is heading for failure.
8 Oct 2020 (PHE - gov.uk) Public Health England publishes third annual report on industry action to reduce sugar levels in products that contribute most to children’s sugar intakes.
7 Oct 2020 (Le Betteravier Français) Selon l'ITB, la baisse du rendement betteravier au niveau national est de 17 % par rapport à la moyenne quinquennale. L'institut prévoit une moyenne de 72 t/ha à 16°S.
7 October 2020 (Euractiv) French lawmakers on Tuesday (6 October) approved a draft bill allowing sugar beet growers to use pesticides that were banned [in a misguided effort] to protect honeybees, a move welcomed by farmers hit by crop disease but condemned by green groups as more backsliding by the by the government.
6 Oct 2020 (Farmers Weekly) Plans to introduce a new tariff rate quota (TRQ), allowing greater access for raw cane sugar from global suppliers, could be scrapped if there is a free-trade deal with the European Union, allowing unimpeded access for continental sugar instead.
5 Oct 2020 (AgriOrbit) South Africa’s sugar industry has weathered many storms in recent years. These include with the sugar tax, various droughts and plunging world sugar prices dealing fatal blows to an already unstable sector. Since the sugar value chain has been identified as an important agricultural sector in terms of employment, a sugar masterplan has been implemented.
5 Oct 2020 (ChiniMandi) The coronavirus pandemic has already affected the sugar industry by affecting demand, disturbing the supply chain and financially impacting the stakeholders. The industry is playing a waiting game.
1 Oct 2020 (abc NEWS) Ireland’s Supreme Court has issued a ruling declaring that the bread served at Subway does not actually meet the legal definition of “bread” because of its high sugar content.
1 Oct 2020 (S&P Global Platts) The October 2020 contract of the ICE NY11 sugar futures contract expired on Sept 30 with the preliminary delivered volume at 2.62 million mt, the highest historical volume the October contract.
Preliminary indications are that the deliverers were COFCO (24,734 lots) Raizen (23,513) Glencore (3,263) and Enerfo (89) with Wilmar receiving 25,650, Alvean 14,700 and LDC 11,249. All the sugar delivered was Brazilian apart from 89 lots of Argentinian.
30 Sep 2020 (DMCC) DMCC has announced the launch of the DigitalSugar Trading Platform (DigitalSugar.io) in partnership with the world’s largest sugar refinery, Al Khaleej Sugar, and Universa Blockchain.
28 Sept 2020 (The New Yorker) Forget artificial sweeteners. Researchers are now developing new forms of real sugar, to deliver sweetness with fewer calories. But tricking our biology is no easy feat.
28 September 2020 (julianprice.com) As usual, the CXL India/European Union sugar quota of 10,000 tonnes was hugely oversubscribed, according to European Commission data published today. The Indian CXL allocation coefficient is 1.612903%.
28 Sept 2020 (ISO) Given the latest measures announced by the UK government, the ISO plans to hold a "hybrid conference", a major live and digital event that seamlessly moves between the physical and virtual worlds. The ISO will have experts addressing topics that mark our lives and shape our future, delivering relevant content that will reach many more people that we normally do in London to promote sound strategies and actions that equip us to best address the challenges ahead.
25 September 2020 (Bloomberg) Some of the industry’s prominent analysts are divided on whether the market will face a surplus or deficit in the season starting next month. The difference in opinion lies on how much the pandemic will slash consumption or prompt top producer Brazil to make more lucrative sugar at the expense of cheaper ethanol.
25 September 2020 (The Times) There is cautious but growing optimism in Whitehall that there will be a Brexit deal.
24 September 2020 (BW agrar) With the restructuring measures initiated and the reduced sugar production, Südzucker has set the course for being able to operate in a much more flexible manner on the market. Growers can expect their company not to have to sell under pressure at low world market prices. Rather, it should be able to select the customers who will enable it to offer the best prices, Dr. Schechter promised.
He made it clear that beet prices have been supported in the last two years because the company has made money in its other segments. Without the raw material protection premium of seven euros and more paid out, the risk for cultivation to an unusually high extent would have been too high. Dr. Schechter assured the beet growers of this support in the future, if there is a need for it.
22 September 2020 (terre-net.fr) Les professionnels de la betterave et du sucre ont présenté mardi au ministre de l'agriculture un plan de transition visant à réduire l'impact sur l'environnement de la ré-autorisation provisoire des insecticides néonicotinoïdes jusqu'en 2023.
17 Sept 2020 (ePure) E10info.eu answers common questions about production, use and availability of ethanol petrol blend that helps reduce greenhouse gas emissions.
16 Sep 2020 (Le Betteravier Français) Selon les derniers prélèvements effectués par l’Association de recherche technique betteravière (ARTB), le rendement moyen betteravier pourrait reculer de 15 % cette année par rapport à la moyenne quinquennale de 87 t/ha. Principales causes de cette baisse historique : la jaunisse virale et la sécheresse.
16 Sep 2020 (ARTB / Apic Consulting) Interesting report on organic beet sugar production in the European Union.
"Traditionally fuelled by organic cane sugar imports, this market segment is getting increasingly attractive for major European sugar companies which have multiplied initiatives and investments in the development of organic beet sugar."
16 Sep 2020 (@sugartraders) EU sugar average reported prices fall by 1 €/t in July, latest @euagrifood data shows:
Whilst EU+UK average prices continue to stagnate, the data also show that since the lockdowns, the gap between average prices and prices in the sugar "deficit" Region 3 south and east of Europe has been steadily rising.
See https://bit.ly/eusugarpx for interactive data.
15 Sep 2020 (@sugartraders) Notwithstanding recent reports of EU+UK #sugar production of 16.1 million tonnes, JRC MARS @EU_ScienceHub today maintains forecast beet yields just 0.7% lower than their estimate last month and 2.1% below the five year average. Basis average sucrose yields and @EUAgri area estimates, the MARS forecasts would give EU+UK production of ≈ 17.0 million tonnes.
14 Sep 2020 (Reuters) The European Union is heading for a significant drop in sugar output this year after fields were devastated by pests and dry weather, making the bloc a net importer and pressuring a fragile sugar industry, analysts say.
14 September 2020 (gov.uk) Seeking views on an ATQ for raw cane sugar which would apply to imports into the UK from 1 January 2021.
We want to know what you think about the future of the autonomous tariff rate quota (ATQ) for sugar. This quota sets the volume of raw cane sugar that can enter the UK tariff free before the UK Global Tariff rate applies. In particular, we want to know:
- your thoughts on whether the UK should have a sugar ATQ or not?
- what volume of an ATQ you would like to see, if at all?
- the effect of any sugar ATQ on your sector or business?
10 Sep 2020 (NOAA) La Niña is here and likely to continue through the winter.
10 Sep 2020 (Bloomberg) Brazil’s biggest sugar producer Raizen Energia SA is in talks to acquire a local unit of Louis Dreyfus Holding BV, according to people familiar with the matter.
9 Sep 2020 (UK Parliament) To make provision in connection with the internal market for goods and services in the United Kingdom (including provision about the recognition of professional and other qualifications); to make provision in connection with provisions of the Northern Ireland Protocol relating to trade and state aid; to authorise the provision of financial assistance by Ministers of the Crown in connection with economic development, infrastructure, culture, sport and educational or training activities and exchanges; to make regulation of the provision of distortive or harmful subsidies a reserved or excepted matter; and for connected purposes.
8 Sep 2020 (Bloomberg) Output jumped when quotas were scrapped, turning the EU into a net exporter in the 2017-18 season. But the trend quickly reversed as a global price slump discouraged plantings and forced producers to shutter beet-processing plants to cut costs. For the 2020-21 season, EU imports are forecast to exceed exports by about 600,000 tons, U.S. government data show.
“We are importing more and more instead of exporting as there is just no surplus available,” said Timothe Masson, an agronomist at French growers’ association CGB. “As long as prices stay low, acreage will drop and production will be lower.”
3 Sep 2020 (European Parliament Think Tank) ‘Transparency’, ‘Traceability’, ‘Sustainable standards’, ‘good agricultural practices’ and ‘zero-deforestation’ are all fine terms which [alongside many others] have emerged in connection with the cocoa sector’s certification process. ... Budgets prepared by cooperatives to justify the use of premiums reflect structural flaws in certification and access to information. Serious questions arise surrounding deforestation, child labour and the payment of premiums. Social investment is minimal and consumers’ perception diverges from the reality.
28 August 2020 (The Gleaner) Jamaica’s oldest sugar estate, Worthy Park, will take full ownership of the rights to the Jamaica Gold brand once the terms are agreed with Appleton Estate, a subsidiary of J. Wray & Nephew Limited, JWN, which is exiting the market. It ends a partnership in retail sugar distribution that is less than a year old between two estates that have been around for two to three centuries.
The companies purchased the brand from sugar marketer Jamaica Cane Products Sales, JCPS, in 2019, while it was winding up the business after descending into losses, having lost its marketing monopoly for sugar as the sector decentralised.
28 August 2020 (Eastern Daily Press) British Sugar is predicting a 15pc drop in sugar beet yields for the forthcoming harvest after extreme weather and diseases put a dent in a decade of crop improvements. “For the crop in the ground, we predict we will be 15pc down on yield – two thirds of that is weather-related and one third is virus-related".
24 August 2020 (Le Betteravier) Les rendements betteraviers sont fortement handicapés par les attaques de jaunisse combinées avec la sécheresse. Les pertes atteignent 40 % dans les zones les plus touchées.
24 August 2020 (NFU Sugar) British Sugar and NFU Sugar are pleased to have concluded negotiations for one-year and three-year sugar beet contracts from 2021
23 August 2020 (Platts Insight) Fierce competition for the 1 million metric tons raw value central African sugar market is altering trade flows within Sub-Saharan Africa.
23 August 2020 (Bloomberg) For the past half century, a small group of European banks has financed the trade in natural resources, forging a symbiotic relationship with the commodity traders that put them at the heart of an enormous expansion in global commerce.
Now that trend is in reverse. ABN Amro Bank NV announced it would quit commodity trade finance. BNP Paribas SA is reviewing its involvement and may shut down its specialized unit, Bloomberg reported earlier this month. Rabobank Group is also reviewing the business. They are not alone: after a string of collapses and scandals that have handed the banks billions of dollars in losses, almost every leading lender is looking again at its presence in the sector.
Managing imports to the European Union through tariff rate quotas (TRQs).
20 August 2020 (Bloomberg) U.K. and European Union officials fear a Brexit deal is at risk of slipping through their fingers, with little progress made on key topics that were identified as the biggest obstacles as long ago as March.
19 August 2020 (Eastern Daily Press) East Anglia’s sugar beet farmers fear an “unjustified and unnecessary” new zero-tariff quota on imported cane sugar could expose them to unfair competition from less-regulated overseas growers.