News and views about the sugar markets, policy, trade and analysis which I've found interesting.

French sugar beet area estimated down 5.2%

French sugar beet area estimated down 5.2%

8 Apr 2020 (Agreste) The Ministry of Agriculture and Food estimates that in 2020, the area sown to cereals will decrease by 4.3% to 7.3 million hectares. Rapeseed would continue to decline (-2.8% over one year and -25.1% compared to 2015-2019). The area sown to sugar beet is estimated to decline by 5.2% to 423,000 hectares.

agreste.agriculture.gouv.fr
SAC: Caribbean sugar in good shape but more protection is needed

SAC: Caribbean sugar in good shape but more protection is needed

6 Apr 2020 (Loop News Caribbean) The Caribbean’s sugar industry has been described as healthy by the Sugar Association of the Caribbean (SAC). Investments worth over US$250million have been made into the regional sugar industry with the goal of increasing production, efficiency and moving to higher-value food-grade products to meet the demand of the Caribbean Community (CARICOM) market. “Changes to the traditional European Union (EU) market, which destroyed any preferential value for African, Caribbean and Pacific (ACP) sugar producers, has inspired a new regional vision for sugar, as a modern, efficient agro-industry, providing food security and livelihoods for over 400,000 Caribbean citizens,” the spokesman said.

loopnewscaribbean.com
Two-thirds of sugar beet drilled as weather turns drier

Two-thirds of sugar beet drilled as weather turns drier

3 Apr 2020 (Farmers Weekly) Nick Morris, head of central agriculture at beet processor British Sugar, says about two-thirds of the crop is now drilled, with the expected beet area up 4% at 104,000ha, from just over 100,000ha last year. After a slightly later start than usual, good winds through March have helped land dry out quickly on all but the heaviest of soils. “The crop has gone in really well and it’s been a great start to the season, with drying winds in March leading to a continuous drilling period unbroken by bad weather,” he says.

fwi.co.uk
Get Canzuk done!

Get Canzuk done!

6 Apr 2020 (Jonathan Saxty for the Daily Telegraph) "No one is suggesting Canzuk shares a currency. Indeed, Canada had its own currency during the British Empire’s heyday. No one is suggesting pegging currencies. No one is suggesting Saskatchewan makes laws for New South Wales (or vice versa). But these countries are family and no, we are not talking about ethnicity (I, for one, would extend Canzuk to all sixteen Commonwealth Realms). We are talking about the very fabric of these places: values, ideals and place in the world".

telegraph.co.uk
How COVID-19 may disrupt food supply chains in developing countries

How COVID-19 may disrupt food supply chains in developing countries

2 Apr 2020 (IFPRI) The organization of food supply chains (FSCs) is strongly affected by the level of economic development and factors such as urbanization and globalization. COVID-19 will thus have different impacts on FSCs in poor vs. in rich countries. Tom Reardon, Marc Bellemare and David Zilberman identify these structural differences and draw out the implications of widespread lockdowns and possible policy responses.

ifpri.org
Les betteraviers veulent limiter les importations de sucre

Les betteraviers veulent limiter les importations de sucre

4 Apr 2020 (Le Betteravier) Faced with the sharp fall in sugar and ethanol prices that has taken place in recent days since the coronavirus crisis, the CGB requests the French government and the European Commission to activate safeguard clauses on sugar imports.

lebetteravier.fr
Protecting the EU agri-food supply chain in the face of COVID-19

Protecting the EU agri-food supply chain in the face of COVID-19

4 Apr 2020 (European Parliamentary Research Service) Informative briefing on EU agri-food supply chain from the in-house research service of the European Parliament.

enrd.ec.europa.eu
The Biggest Chokepoint in the Global Food Supply Chain Is Trucks

The Biggest Chokepoint in the Global Food Supply Chain Is Trucks

3 Apr 2020 (Bloomberg) Truckers hauling food are facing delays across the globe in the latest disruption to supply chains snarled by the coronavirus pandemic. They’re enduring lengthy wait times in Europe because of restrictions that have been imposed to control the virus’s spread. In South America, local laws have at times conflicted with country-wide ordinances that deem hauling food an essential service, leaving supplies sometimes stuck in storage. In parts of Africa, the shuttering of public transportation means drivers aren’t even able to make it into work. And huge spikes in demand have caused lags for loading at some U.S. warehouses.

bloomberg.com
EEX gains majority OI share of Total Freight Market

EEX gains majority OI share of Total Freight Market

3 Apr 2020 (EEX Press Release) The European Energy Exchange (EEX) announces it has achieved another milestone in its Freight business by gaining the majority share of the open interest (OI) in the total Freight market (Futures and Options combined), thereby overtaking the market leader for the first time and setting a new record for the business. EEX’s performance in Dry Bulk Freight has seen major growth over the past 12 months, achieving double and triple digit increases throughout 2019. This period of sustained organic growth in conjunction with the completion of the NFX migration volumes which successfully concluded in February this year has resulted in EEX emerging as a major force in global freight trading.

eex.com
MME should review RenovaBio's goals, but distributors defend suspension of the program

MME should review RenovaBio's goals, but distributors defend suspension of the program

The coronavirus pandemic has impacted society and all sectors of the economy, which has major consequences for the sugar-energy market. The prices of sugarcane products are down, distributors are canceling contracts and the production mix is ​​being modified. Amid this turmoil, the beginning of the commercialization of decarbonization credits (CBios) , created by RenovaBio, has a date already set: April 27. With the drop in demand for fuels, maintaining the goals set by the program is in question as the sector does not know whether the commercialization of biofuels should generate a sufficient volume of CBios and whether the distributors will have the financial conditions to buy them.

novacana.com
EU sugar stocks are OK

EU sugar stocks are OK

2 Apr 2020 (sugartraders) The European Commission reports that EU sugar stocks in January 2020 were a bit lower than usual, but seemingly adequate.

instagram.com
African Continental Free Trade Area to suffer setback

African Continental Free Trade Area to suffer setback

02 Apr 2020 (bilaterals.org) Economist Tapiwa Mashakada has said the African Continental Free Trade Area is going to suffer a serious setback as a result of the Covid-19 pandemic.

bilaterals.org
Shoprite thanks frontline workers with R102 million pay bonus

Shoprite thanks frontline workers with R102 million pay bonus

2 April 2020 (Independent Online) The Shoprite Group has announced a once-off R102 million appreciation bonus for its shop floor and distribution centre employees.

iol.co.za
Call for tenders for a study on the consequences of the end of EU sugar quotas

Call for tenders for a study on the consequences of the end of EU sugar quotas

31 Mar 2020 (European Commission) The European Commission has opened a tender for a Study on the Adaptation Strategies of the Sugar Supply Chain After the End of the Sugar Quotas. Deadline: 4th May 2020, 12 PM.

ted.europa.eu
First meeting of the Withdrawal Agreement Joint Committee

First meeting of the Withdrawal Agreement Joint Committee

31 Mar 2020 (gov.uk) Readout from the first meeting of the Withdrawal Agreement Joint Committee.

gov.uk
Tongaat Hulett invests in Mozambique sugar factory

Tongaat Hulett invests in Mozambique sugar factory

30 Mar 2020 (African Review) South African company Tongaat Hulett has promised to invest around US$29.5mn to boost sugar production in Mozambique. According to [Tongaat Hulett], the sugar companies will launch their 2020 production on 7 April. The target is for a total production of 213,000 tonnes of sugar, of which 60,000 tonnes will be refined white sugar, required by the confectionery and soft drinks industry, the source noted.

africanreview.com
Consultoria Green Pool projeta excedente global de açúcar de 0,3 mi t em 2020/21

Consultoria Green Pool projeta excedente global de açúcar de 0,3 mi t em 2020/21

30 March 2020 A consultoria Green Pool afirmou nesta sexta-feira que agora espera um superávit global de açúcar na temporada 2020/21, com a pandemia do coronavírus reduzindo a demanda e uma guerra de preços do petróleo incentivando mais produção do adoçante no Brasil.

canaonline.com.br
Brexit: EU-UK meeting to go ahead via video link

Brexit: EU-UK meeting to go ahead via video link

28 Mar 2020 (BBC) The government insists the coronavirus crisis will not slow its timetable for reaching a trade deal.

bbc.co.uk
British Sugar boss hails farmers’ remarkable resilience in testing times

British Sugar boss hails farmers’ remarkable resilience in testing times

27 Mar 2020 (Eastern Daily Press) British Sugar’s new agriculture director has thanked East Anglia’s resilient army of sugar beet growers for their “remarkable” efforts to gather their crop during a testing, rain-soaked winter. The British Sugar factory at Wissington in west Norfolk eventually closed on Sunday night, following the completion of the campaign at Cantley and Bury St Edmunds. The company’s fourth factory at Newark is expected to remain open until April 5, offering the final chance for any remaining beet to be delivered. Despite all the challenges, Mr Watson estimated that 99pc of the crop will have been harvested by the end of the campaign, with good sugar content and a yield expected to be well above the five-year average of 75 tonnes per hectare.

edp24.co.uk
EU sugar market data update

EU sugar market data update

27 Mar 2020 (European Commission) The EC publishes notes based on its most recent EU sugar market presentation on Thursday, 26 March 2020. For more “Brussels” sugar information, please refer to the Commission site: https://ec.europa.eu/info/food-farming-fisheries/farming/facts-and-figures/markets/overviews/market-observatories/sugar

ec.europa.eu
WTO members continue efforts to advance agriculture negotiations despite COVID-19 crisis

WTO members continue efforts to advance agriculture negotiations despite COVID-19 crisis

26 Mar 2020 (WTO) WTO members continue exchanging views on various issues in the agriculture negotiations and the possible options for a positive outcome through written communications while WTO meetings are suspended in response to the COVID-19 outbreak.

wto.org
EU commodity price dashboard

EU commodity price dashboard

24 Mar 2020 (European Commission) Monthly summary of commodity price data for the most representative agricultural products and consumer food prices (not now including the UK).

ec.europa.eu
Fresh produce: “Ration now” warn food policy experts as UK panic buying exacerbates crisis

Fresh produce: “Ration now” warn food policy experts as UK panic buying exacerbates crisis

24 Mar 2020 (Food Ingredients First) Leading food policy experts from a UK university are warning Britain’s supplies of fresh fruit and vegetables, which predominantly come from Spain and Italy, could be severely disrupted by the coronavirus crisis.

foodingredientsfirst.com
IFPRI Resources and Analyses on COVID-19 (also known as Coronavirus)

IFPRI Resources and Analyses on COVID-19 (also known as Coronavirus)

24 Mar 2020 (IFPRI) The International Food Policy Research Institute is curating a series of analyses from IFPRI researchers and guest contributors on the impacts of the COVID-19 pandemic on national and global food and nutrition security, poverty, and development. The web page will continue to be updated with new analyses in the coming weeks and months.

ifpri.org
Research group assures South Africans that the country has ample food supplies

Research group assures South Africans that the country has ample food supplies

23 Mar 2020 (Creamer Media) South Africans should not be concerned about the availability of food during the current Covid-19 pandemic according to assurance given by the Bureau for Food and Agricultural Production (BFAP), a Pretoria/Tshwane-based nonprofit organisation.

engineeringnews.co.za
China is not the hero in this darkest hour

China is not the hero in this darkest hour

23 Mar 2020 (Ian Birrell via Unherd) Beijing wants to restore national pride by shifting the narrative from trouble-maker to rescuer.

unherd.com
Cristal Union running at lower capacity due to ethanol slump

Cristal Union running at lower capacity due to ethanol slump

20 March 20 (Reuters) - French sugar and ethanol group Cristal Union said on Friday it was running at low capacity due to a slump in ethanol demand, despite a rise in table sugar output and a surge in production of pharmaceutical alcohol to make sanitary gel. Global ethanol producers have been suffering from a slump in margins on the fuel linked to concerns over the economic impact of the coronavirus outbreak and the recent collapse in oil prices. “We are running at two-thirds of our ethanol capacity, 300% on pharmaceutical ethanol, 120-150% on table sugar and even level on industrial sugar,” Cristal Union CEO Alain Commissaire told Reuters.

uk.reuters.com
UK Coronavirus Emergency Bill looks to 'keep food supply flowing'

UK Coronavirus Emergency Bill looks to 'keep food supply flowing'

19 March 2020 (FoodNavigator) The UK government unveiled its Coronavirus Emergency Bill, legislation that would give it sweeping new powers to respond to the COVID-19 outbreak. The legislation aims to minimise disruption and safeguard key industries, including ‘supporting the food industry to maintain food supplies".

foodnavigator.com
Coronavirus could deliver 17 million-TEU blow to container shipping

Coronavirus could deliver 17 million-TEU blow to container shipping

18 March 2020 (FreightWaves) SeaIntelligence Consulting CEO says impact from coronavirus pandemic could total about 10% of global volumes.

freightwaves.com
Could falling prices hinder sugar reformulation?

Could falling prices hinder sugar reformulation?

18 Mar 2020 (FoodNavigator) Sliding sugar prices in the wake of the virus pandemic, may handicap, though not stop, reformulation efforts, according to experts. Jack Winkler, Emeritus Professor at London Metropolitan University told FoodNavigator he was confident that the current drop in sugar prices would not impact reformulation in the long term because the two dominant sweeteners (aspartame and AceK) are now out of patent, they have become commodity products cheaply made in China and elsewhere. "They are now so cheap, at 5% or less the cost of sugar, that no real world fall in sugar prices will make up the difference", he said. He therefore believes falling sugar prices will retard but not stop reformulation efforts.

foodnavigator.com
Pound could drop to near-parity with the dollar if market chaos continues

Pound could drop to near-parity with the dollar if market chaos continues

19 Mar 2020 (The Daily Telegraph) City analysts fear the pound could drop to an all-time low amid market chaos triggered by coronavirus, potentially bringing it close to parity with the dollar. Sterling might fall to $1.04 according to strategists at Japanese bank Nomura. They warned the outbreak had caught sterling at a moment of extreme vulnerability as Britain grapples with a national crisis coinciding the deadline to extend Brexit talks.

telegraph.co.uk
Mozambique: Tongaat Hulett Promises Investment in Mozambican Sugar

Mozambique: Tongaat Hulett Promises Investment in Mozambican Sugar

19 March 2020 (allAfrica.com) The South African company Tongaat Hulett, the majority shareholder in the Xinavane and Mafambisse sugar mills, in the Mozambican provinces of Maputo and Sofala respectively, has promised to invest about 500 million rands (about 29.5 million US dollars) to reactivate production.

allafrica.com
Forget about Brexit

Forget about Brexit

19 Mar 2020 (The Article - Denis MacShane) And so it follows that a total Brexit by the end of June — most likely a no-deal crash-out — will be quietly put in the pending file. It was always absurd to have 25,000 of the best and brightest in Whitehall working day and night on Brexit when every policy and administrative brain in Whitehall should be focused on steering the nation through the coronavirus crisis.

thearticle.com
             Sugar Shipments To Go Ahead This Year

Sugar Shipments To Go Ahead This Year

19 Mar 2020 (Fiji Sun) Fiji’s sugar exports this year will still go ahead. The Fiji Sugar Corporation’s next export shipment of sugar will not take place until July and would give the company time to see the impact COVID-19 might have on shipping, said FSC CEO Mr Graham Clark. As for this year’s sugar export, Mr Clark said normal planning was ongoing. On messages being received from overseas buyers, he said generally they were managing supply delays and trying to give early warnings if necessary.

fijisun.com.fj
Suedzucker says sugar supply secure despite high demand

Suedzucker says sugar supply secure despite high demand

18 March 2020 (Reuters) “Currently, the supply of our customers is guaranteed despite high demand.” Suedzucker, Europe’s largest sugar refiner, said on Wednesday sugar supplies are secure despite heavy demand as some European consumers stockpile during the coronavirus crisis. “As a producer of food and animal feed, we are part of the ‘critical infrastructure’’ that receives special support from politics and authorities to ensure that people in many countries continue to be supplied with food,” said Suedzucker CEO Niels Poerksen in a statement.

uk.reuters.com
World’s 2020 sugar consumption view cut by 2 mln T due to pandemic – Czarnikow

World’s 2020 sugar consumption view cut by 2 mln T due to pandemic – Czarnikow

18 Mar 2020 (Financial Post) International sugar trader Czarnikow on Monday cut its estimate for global sugar consumption this year by nearly 2 million tonnes, saying the coronavirus pandemic will reduce overall sugar use in countries that imposed lockdowns.

business.financialpost.com
Impact of COVID-19 on anti-dumping and anti-subsidy investigations

Impact of COVID-19 on anti-dumping and anti-subsidy investigations

16 Mar 2020 (Official Journal of the EU) The COVID-19 outbreak originally affecting mostly the People’s Republic of China, has spread to many other locations around the world. The safety measures aimed at limiting the spread of COVID-19 have an impact on parties involved in trade defence investigations located or closely interlinked with the areas affected by the virus. This notice therefore applies to all those parties.

eur-lex.europa.eu
Cristal Union switches biofuel unit to alcohol to meet disinfectant demand

Cristal Union switches biofuel unit to alcohol to meet disinfectant demand

17 Mar 2020 (Reuters) French sugar group Cristal Union will stop producing ethanol biofuel at one of its plants to switch it to alcohol as demand for disinfectants surges across the globe to counter a fast-spreading coronavirus.

reuters.com
Brexit: EU's demands in negotiations with UK revealed in draft treaty

Brexit: EU's demands in negotiations with UK revealed in draft treaty

13 Mar 2020 (The Guardian) Britain will have to guarantee “uniform implementation” of Brussels’s state subsidy rules while the European Court of Justice will hand down rulings to British courts, under the EU’s vision of the future relationship with the UK. A 441-page treaty draft, obtained by The Guardian, spells out in full legal text for the first time the demands that Brussels will make of David Frost, the UK’s chief negotiator, in the next round of talks.

theguardian.com
Abschluss Rübenlieferungsvertrag 2020-2022

Abschluss Rübenlieferungsvertrag 2020-2022

13 Mar 2020 (Liz Online) The EU sugar market is recovering after two difficult years. The 2019 harvest showed that, despite a dry and hot summer, the sugar beet can make good use of favourable autumn weather and convert it into good yields. Against the backdrop of the sugar price recovery, Pfeifer & Langen guarantees beet growers a market price of at least € 400 / t sugar for the 2020 harvest. In the flex price model, taking into account all bonuses and fringe benefits, the beet price is around € 32 / t of pure beet; in the security model, it is around € 32.40 / t of pure beet (each plus VAT and minus individual freight cost sharing).

liz-online.de
COVID-19: Bösch Boden Spies flags operational volatility, critical bottlenecks ...

COVID-19: Bösch Boden Spies flags operational volatility, critical bottlenecks ...

13 Mar 2020 (Food Ingredients First) “We are currently facing obstacles and restrictions on container transport routes, rail and road freight, ports and terminals,such as blockades, plant closures by manufacturers and suppliers, disinfection requirements and quarantine restrictions,” the Managing Directors of Bösch Boden Spies say in a joint statement.
“In addition, a lack of available equipment and capacity limitations on the part of shipowners, as well as denied access to ports and terminals, and the refusal of customs authorities to clear goods to and from certain countries, are all factors that have to be considered,” they clarify.

foodingredientsfirst.com
EU and UK negotiators have today jointly decided not to hold next week's negotiations

EU and UK negotiators have today jointly decided not to hold next week's negotiations

12 Mar 2020 (Twitter) EU - UK joint statement: Given the latest #COVID-19 developments, EU and UK negotiators have today jointly decided not to hold next week's round of negotiations in London, in the form originally scheduled. Both sides are currently exploring alternative ways to continue discussions, including if possible the use of video conferences.

twitter.com
Exclusive: French sugar group Tereos asks suppliers for price reductions

Exclusive: French sugar group Tereos asks suppliers for price reductions

12 Mar 2020 (Reuters) - French group Tereos, the world’s third-largest sugar maker, has asked regular suppliers for price reductions to help it cope with tumbling sugar prices, letters sent to suppliers showed.

uk.reuters.com
Obscure firm bets big on Tongaat stake

Obscure firm bets big on Tongaat stake

9 Mar 2020 (Business Day) Evanstan Investments becomes one of the sugar producer's largest shareholders. Like Tongaat, Evanstan is based in KwaZulu-Natal. Its investment comes as the embattled sugar producer is taking steps to turn its fortunes around after financial irregularities resulted in inflated profits and assets. The company has been selling assets to reduce its debt, which stood at about R13bn.
The company recently announced it would sell its starch business to Barloworld for R5.35bn to reduce its debt.

businesslive.co.za
Can the Australia-UK free-trade deal deliver a sugar hit?

Can the Australia-UK free-trade deal deliver a sugar hit?

9 Mar 2020 (The Australian Financial Review) One country that hold at least part of the answer to Tate & Lyle’s problems is Australia. “Australia won’t be the cheapest suppliers, because of the distance, and because of the existing markets they have in Asia. But we also know they’re one of the highest quality suppliers in the world,” says Mr Mason. That’s why Tate & Lyle reckons a free-trade agreement (FTA) between Britain and Australia can’t come soon enough.

afr.com
The food revolution

The food revolution

9 Mar 2020 (UBS) What does the future of food look like? What factors will impact food production most? How will supply chains adapt? These are the main themes we explore in this report. We know that the technology needed to revolutionize the food system already exists. The trouble is that it’s being developed in silos with limited integration.

ubs.com
Brexit in Historical Perspective: The Age of Britain in Europe

Brexit in Historical Perspective: The Age of Britain in Europe

31 Jan 2020 (The Gladstone Diaries) An excellent account of modern British history. One can only hope that the next fifty years will be more optimistic and productive that the last 50 for the UK.

gladstonediaries.blogspot.com
5 takeaways from the first round of Brexit talks

5 takeaways from the first round of Brexit talks

6 Mar 2020 (Politico) The good news? They got on. The bad news? It’s going to be tough.

politico.eu
Greener petrol at UK pumps to target emissions

Greener petrol at UK pumps to target emissions

5 Mar 2020 (BBC). The government is consulting on making lower carbon E10 the new standard grade of fuel for vehicles.

bbc.co.uk
Illovo Malawi trading statement for half year ending 29 February 2020

Illovo Malawi trading statement for half year ending 29 February 2020

4 Mar 2020 Illovo Sugar (Malawi) plc advises that profit after tax for the half year ending 29 February 2020 is expected to be lower than the previous corresponding period by at least 70%. This is mainly due to a decrease in domestic sugar sales volumes caused by an influx of illegally imported sugar.

mse.co.mw
Lekani Katandula is new Illovo Malawi managing director

Lekani Katandula is new Illovo Malawi managing director

4 Mar 2020 (Nyasa Times) Illovo Sugar (Malawi) plc has appointed their human resource director Lekani Katandula as the company’s new managing director, the first Malawian to hold that post. A statement made available to Nyasa Times by Illovo Sugar Africa group managing director Gavin Dalgleish, notes that Katandula takes over from Mark Bainbridge who recently departed the company.

nyasatimes.com
Beleaguered sugar industry welcomes minister’s decision not to increase tax

Beleaguered sugar industry welcomes minister’s decision not to increase tax

4 Mar 2020 (The South African) Raising the levy to 20% would have cost thousands more jobs in rural areas, cane growers’ body says.

thesouthafrican.com
EU green deal is a 1 trln euro diversion

EU green deal is a 1 trln euro diversion

4 Mar 2020 (Reuters) President Ursula von der Leyen’s European Commission says it will “mobilise” 1 trillion euros to help cut bloc-wide emissions in half by the end of the decade. All this would constitute a tangible sum to invest in decarbonising industry, transport and homes, were it nailed down. But it isn’t.

uk.reuters.com
EU-funded project to explore generating sugars from waste

EU-funded project to explore generating sugars from waste

4 Mar 2020 (Resource) The Value Added Materials from Organic Waste Sugars project has received €6,984,813 (£6,077,137) of funding from the Bio-based Industries Joint Undertaking (BBI JU) – a €3.7-billion (£3.2-billion) public-private partnership working to develop a sustainable bioeconomy in Europe – under the EU’s Horizon 2020 research and innovation programme. The VAMOS project will explore the commercial feasibility of generating waste sugars from household waste and using them to produce bio-based materials for a wide range of applications. 

resource.co
Commission proposes European Climate Law and consults on the European Climate Pact

Commission proposes European Climate Law and consults on the European Climate Pact

4 Mar 2020 (European Commission) Executive Vice-President for the European Green Deal Frans Timmermans added: “We are turning words into action today, to show our European citizens that we are serious about reaching net-zero greenhouse gas emissions by 2050. The European Climate Law is also a message to our international partners that this is the year to raise global ambition together, in the pursuit of our shared Paris Agreement goals. The Climate Law will ensure we stay focused and disciplined, remain on the right track and are accountable for delivery.”

ec.europa.eu
Marex Spectron sees ethanol parity in Brazil falling below 12 c/lb

Marex Spectron sees ethanol parity in Brazil falling below 12 c/lb

3 Mar 2020 (ChiniMandi) Marex Spectron sees ethanol parity in Brazil falling below 12 cents thanks to the recent collapse of the energy matrix brought upon by the coronavirus.

“Only a couple of weeks ago we were comfortably preparing for a sugar market in 2020 trading at or above the ethanol parity, which we expected to be in the 13.50/14.00 c/lb range. But then came the collapse of energy prices as expectations of the spread of the coronavirus became even more alarmist,” Robin Shaw, Head of Sugar Analysis at Marex Spectron, told ChiniMandi.

chinimandi.com
Elizabeth Truss outlines bold new era for trade

Elizabeth Truss outlines bold new era for trade

3 Mar 2020 (gov.uk) Speech given by Secretary of State for International Trade to the WTO General Council, the first since the UK took its independent seat.

"We will encourage and empower small countries to play a role in shaping the global trading system, to trade their way out of poverty, and seek a fairer deal".

gov.uk
Britain plays hardball in Brexit trade talks

Britain plays hardball in Brexit trade talks

3 Mar 2020 (Politco) The Europeans came prepared to play three-dimensional chess, but the British seem to have shown up dressed to play rugby instead. The start of negotiations on future relations between the United Kingdom and the European Union has turned into an unsporting mismatch. British Prime Minister Boris Johnson no longer seems to care about objectives his government signed up to just a few months ago, leaving Brussels struggling to hold London to common standards once the Withdrawal Agreement transition period the two sides negotiated expires at the end of this year.

politico.eu
'The crisis is behind us,' says French sugar group Cristal Union

'The crisis is behind us,' says French sugar group Cristal Union

28 Feb 2020 (Reuters) “We are rising, for us the crisis is behind us,” CEO Alain Commissaire told Reuters in an interview. Demand for ethanol should also be helped by the EU’s “Green Deal” aimed at achieving carbon neutrality by 2050, Commissaire said.“The implementation of the Green Deal will inevitably lead to more ethanol,” he said. “Not everyone can move to electric cars, so there must still be liquid fuels, and these liquid fuels need ethanol.”

reuters.com
Our future relationship with the EU: Chancellor of the Duchy of Lancaster's statement

Our future relationship with the EU: Chancellor of the Duchy of Lancaster's statement

27 Feb 2020 (gov.uk) The Chancellor of the Duchy of Lancaster spoke in the House of Commons about the Government's approach to the UK's future relationship with the EU.

gov.uk
Fireworks expected at Hippo Valley AGM

Fireworks expected at Hippo Valley AGM

27 Feb 2020 (PaZimbabwe) Fireworks are expected at listed sugar producing firm Hippo Valley Estates’ annual general meeting (AGM) today where the firm’s minority shareholders will question certain financial decisions by the majority shareholder, which allegedly prejudiced them.

pazimbabwe.com
5 areas to master after Brexit - KGH Customs

5 areas to master after Brexit - KGH Customs

27 Feb 2020 (KGH Customs) Now that the United Kingdom has officially left the EU and the implementation phase has started, it is vital to accelerate preparations for the 1st of January 2021 when the customs borders will apply.

kghcustoms.com
WUR, CERN and CORMEC join forces to protect commodity and financial markets

WUR, CERN and CORMEC join forces to protect commodity and financial markets

27 Feb 2020 (Wageningen University & Research - WUR). During a visit to CERN, WUR economist, professor Joost Pennings realised there are similarities between the billions of particle collisions in CERN's Large Hadron Collider and the high-speed trading on commodity futures markets in which multiple orders per nanosecond are placed. Most transactions, or collisions, show no anomalies. But when they do, this may lead to new, groundbreaking insights for both economists and physicists.

wur.nl
Council gives go-ahead for EU/UK talks to start and adopts negotiating directives

Council gives go-ahead for EU/UK talks to start and adopts negotiating directives

25 Feb 2020 The Council adopted a decision authorising the opening of negotiations for a new partnership with the UK, as well as negotiating directives for the talks.

consilium.europa.eu
The future for food, farming and the environment: policy statement (2020)

The future for food, farming and the environment: policy statement (2020)

25 Feb 2020 (DEFRA) We intend to phase out Direct Payments in England over a seven year agricultural transition period (2021 to 2027). This will provide a managed transition away from the Common Agricultural Policy and free up funding to reinvest in public goods and create a farming sector fit for the future.

gov.uk
Trade Policy Review: European Union

Trade Policy Review: European Union

25 Feb 2020 (WTO) Members expressed great interest in the negotiations under GATT Article XXVIII on the apportionment of the EU's bound tariff rate quotas. In this regard, Members expected the process to be inclusive and provide compensation, where necessary, to maintain access. The point was also made that negotiations between the UK and the EU on their future trade relationship should not adversely affect interests of third countries.

wto.org
Sucre : un marché haussier malgré la morosité ambiante

Sucre : un marché haussier malgré la morosité ambiante

25 Feb 2020 (Terres et Territoires) Pour la campagne à venir, l’Inde semble avoir une belle récolte de cannes à sucre. Le Brésil, pour qui la récolte s’annonce abondante va sûrement revoir son ratio de transformation d’éthanol à la baisse. Toutefois, en Europe, on sait déjà que les emblavements vont être réduits de 5 % en Allemagne et de 8 % en France. Malgré cette réduction de l’offre, le prix du sucre mondial ne va sûrement pas évoluer en fonction de la situation en Europe.

terres-et-territoires.com
La campagne betteravière est terminée

La campagne betteravière est terminée

18 Feb 2020 (Le Betteravier français) La sucrerie d’Étrépagny dans l’Eure a été la dernière à éteindre ses chaudières le 13 février. Le rendement national est estimé par la CGB à 84,8 t/ha à 16 °S, contre 82 t/ha à 16 °S en 2018-2019.

lebetteravier.fr
The Future Relationship between the UK and the EU

The Future Relationship between the UK and the EU

3 Feb 2020 (gov.uk) This statement sets out the Government’s proposed approach to the negotiations with the EU about our future relationship. There should be no tariffs, fees, charges or quantitative restrictions between the UK and the EU. There should be a protocol setting out appropriate and modern rules of origin, in order to facilitate trade between the parties to the greatest extent possible.

gov.uk
Campagne betteravière 2019-2020 Tereos : un bilan positif et confiant pour l'avenir

Campagne betteravière 2019-2020 Tereos : un bilan positif et confiant pour l'avenir

11 Feb 2020 (Terre-net.ft) Malgré la sécheresse estivale, Tereos dresse un bilan positif de la campagne betteravière 2019-2020 avec des rendements et des volumes au rendez-vous. Encouragée par le début du redressement des cours du sucre en Europe, la coopérative réaffirme confiance en l'avenir de la filière.

terre-net.fr
Punishing Cambodia is going to backfire on EU

Punishing Cambodia is going to backfire on EU

14 Feb 2020 (Nikkei Asian Review) Removing tariff-free access will drive Phnom Penh toward Beijing's orbit.

asia.nikkei.com
US packaged foods juggernaut under EU antitrust probe

US packaged foods juggernaut under EU antitrust probe

14 Feb 2020 (Euractive) US consumer goods group Mondelez International is being investigated for suspected anti-competitive practices covering EU several member states, a European Commission spokesperson confirmed to EURACTIV. The EU executive has concerns that the maker of Oreo, Milka and Toblerone may have restricted cross border sales of its products in the EU’s Single Market.

euractiv.com
EU sugar beet area seen falling again this year after factory closures

EU sugar beet area seen falling again this year after factory closures

12 Feb 2020 (Reuters) “Planting will decrease because we closed four mills,” Pierre Raye, director of the General Confederation of Beet Growers (CGB), said adding that the situation varied significantly between companies and regions. Marcello Moreira, head of market research at French producer Tereos, said he did not expect any decrease in the acreage for his company while noting other players in the French market could see a fall. “When you look into Europe, you have a mixed scenario but the net will be a decrease of around 2% in acreage,” he said.

reuters.com
Nestle axes low sugar chocolate over 'underwhelming' demand

Nestle axes low sugar chocolate over 'underwhelming' demand

13 Feb 2020 (Birmingham Mail) Low-sugar chocolate has been axed by Nestle just months after it was first launched. Milkybar Wowsomes were launched by the confectionery giant less than two years ago. Nestle said it is now working on new sugar reduction technology that it aims to introduce next year.

birminghammail.co.uk
Commission decides to partially withdraw Cambodia’s preferential access to the EU market

Commission decides to partially withdraw Cambodia’s preferential access to the EU market

12 Feb 2020 The European Commission has decided to withdraw part of the tariff preferences granted to Cambodia under the European Union’s Everything But Arms’ (EBA) trade scheme due to the serious and systematic violations of the human rights principles enshrined in the International Covenant on Civil and Political Rights.

trade.ec.europa.eu
European Commission to forbid Lithuania and Romania using neonicotinoids

European Commission to forbid Lithuania and Romania using neonicotinoids

11 Feb 2020 (ACT media) The European Commission adopted two decisions that forbid Lithuania and Romania from issuing unjustified emergency licenses for pesticides containing three types of neonicotinoids (imidacloprid, clothianidin and thiamethoxam, the EC said in a release.

actmedia.eu
COFCO executive does not see recovery in Thailand sugar crop soon

COFCO executive does not see recovery in Thailand sugar crop soon

10 Feb 2020 (Reuters) Chinese commodities trader COFCO said on Monday it did not predict a recovery in Thailand’s sugar crop any time soon. COFCO’s Managing Director Softs Marcelo de Andrade made his comments during a panel discussion at an industry conference in Dubai. Thailand’s sugar production in the 2019/20 crop year is likely to fall 28% from a year earlier to a nine-year low of 10.5 million tonnes, as drought curtails cane supplies.

uk.reuters.com
UK Government confirms plans to introduce import controls

UK Government confirms plans to introduce import controls

10 Feb 2020 (gov.uk). The UK government has confirmed plans to introduce import controls on EU goods at the border after the transition period ends on 31 December 2020. This approach will not apply to the flow of trade between Northern Ireland and Ireland, or between Northern Ireland and Great Britain.

gov.uk
Carbo Solutions 25th International Sugar Conference, Casablanca, 23 - 26 June 2020

Carbo Solutions 25th International Sugar Conference, Casablanca, 23 - 26 June 2020

The Carbo Solutions International Conference brings together the leading sugar experts and senior management of sugar mills and refineries from around the world.

conference.carbo-solutions.com
British farmers plough red line into Australia-UK FTA talks

British farmers plough red line into Australia-UK FTA talks

10 Fen 2020 (Financial Review, Australia) The Morrison government may have a fight on its hands to win market access for farm exports to Britain. "We would consider beef, lamb and sugar as sensitive sectors in the UK just as they're considered sensitive in the European Union," the National Farmers Union (NFU) international trade adviser Tori Morgan told The Financial Review.

afr.com
Plan for sugar beet to return to Scotland

Plan for sugar beet to return to Scotland

10 Feb 2020 (Farmers Weekly) Scottish Enterprise national opportunities director David Smith said sugar beet could help Scotland cut back on fossil fuels and reach net-zero emissions by 2045. “If this project is successful, the environmental benefits of sugar beet as an alternative manufacturing feedstock will be investigated for use across a wide range of sectors.”

fwi.co.uk
Australian Sugar Millers highlight contribution of sugar cane to renewable energy

Australian Sugar Millers highlight contribution of sugar cane to renewable energy

7 Feb 2020 (Australian Sugar Milling Council) The fourth factsheet explains how sugar mills generate renewable electricity using cane fibre is used as a fuel.

asmc.com.au
Corporate Social Responsibility of EU Sugar focuses on sustainability

Corporate Social Responsibility of EU Sugar focuses on sustainability

7 Feb 2020 CEFS and EFFAT report that, "Despite the ... market price decline, the report shares a positive story and presents a sector that is on a sustainability journey ... Beet sugar factories offer skilled, remunerative industrial employment and are often at the heart of the rural communities in which they operate. The factories generate important economic multipliers: supporting sugar beet farmers; providing food producers with high-quality, sustainable sugar; making bioethanol and molasses ... and animal feed from beet pulp".

cefs.org
Tereos sees improved results at last

Tereos sees improved results at last

7 Feb 2020 (ESM Magazine) French sugar group Tereos said a rebound in sugar prices and strong ethanol demand should help it boost its performance until the year-end after posting improved third-quarter results, although its debt level continued to rise.

esmmagazine.com
WTO launches revamped WTO Data portal

WTO launches revamped WTO Data portal

7 Feb 2020 (WTO) The WTO launched a revamped WTO Data portal and a new WTO API portal to improve access to its international trade statistics and other WTO-related information.

wto.org
UK consults on new Global Tariff Policy

UK consults on new Global Tariff Policy

7 Feb 2020 (DTI) The Department for International Trade has today launched a public consultation to inform the UK’s new independent global tariff policy.

gov.uk
Brazil to seek a Mercosur-UK trade deal similar to that with EU

Brazil to seek a Mercosur-UK trade deal similar to that with EU

6 Feb 2020 (Reuters) The Brazilian government will seek to strike a Mercosul-United Kingdom trade deal similar to that with the EU.

reuters.com
Thai raw sugar premiums hit historic highs on stronger Quota B results

Thai raw sugar premiums hit historic highs on stronger Quota B results

5 Feb 2020 (S&P Global Platts) Thai raw sugar cash premiums spiked to a historic high of 223 points over New York No. 11 May futures for May 1 to July 15 shipment window, up 28% on the day.

spglobal.com
ACP sugar producers want UK to provide new incentive

ACP sugar producers want UK to provide new incentive

3 Feb 2020 (The Gleaner) The United Kingdom’s withdrawal from the European Union on Saturday provides a “real opportunity” to create preferential access for sugar industries in the African, Caribbean and Pacific (ACP).

jamaica-gleaner.com
Boris Johnson sets out vision for UK-EU trade deal

Boris Johnson sets out vision for UK-EU trade deal

3 Feb 2020 (YouTube) Boris Johnson has said the UK must become champion of global free trade as he warned that protectionists were "gaining ground". The Prime Minister told those gathered at the National Maritime Museum in Greenwich that free trade was "being choked" and that "the mercantilists are everywhere, the protectionists are gaining ground".

youtube.com
Publishing statistics after the United Kingdom left the EU

Publishing statistics after the United Kingdom left the EU

1 Feb 2020 (Eurostat) Eurostat is making a new aggregate for the EU with 27 Member States available for some 2530 datasets, covering around 90% of all datasets including EU28 aggregates. During the transition period until the end of 2020, the UK is continuing to send data to Eurostat. This data will be loaded in the database and made available to users.

ec.europa.eu
India's sugar output seen falling, global deficit rises

India's sugar output seen falling, global deficit rises

1 Feb 2020 (Reuters) India's 2019-20 sugar production should fall to 26.9 million tonnes.

reuters.com