All Eyes On India for a Breakout

  • The futures range has been narrowng in recent months (see chart below). 
  • A breakout either way from this trend will provide momentum for the world market. 
  • With the worlds surplus concentrated and currently stored in India the direction of the market greatly depends on Indian exports. 
  • Indian production has started very strongly and stocks are building, on top of this farmers are not being paid for their cane. 
  • If the government enhances export incentives ahead of May’s election the market could trade significantly lower. 
  • If this doesn’t occur then the sugar market is much more balanced in the short and medium term.  

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SAF pode ser um impulsionador de demanda para etanol e milho

SAF Could Create Demand Driver For Ethanol, Corn

  • If SAF production can be scaled up, it will create a major new demand driver for corn ethanol.
  • But US authorities are lagging behind in finalising guidelines.
  • A Brazilian company has been given the green light to produce SAF from corn ethanol.

Frank Zaworski

1 week ago

3 min

India: Sugar vs Ethanol? 13th March 2024

  • Domestic sugar prices have weakened.
  • The ban on B-molasses means processors must use C-molasses to produce ethanol.
  • Mills pressuring the government for support with revenue generation.
Adelia Lei

Samia Ohiduzzaman

2 weeks ago

1 min