Happy New Year! We hope you had a restful break and feel eager to tackle 2021 head on. In this vein, we’ve decided to compile some of the Opinions published over the festive period, just in case you feel a little out of touch…
Opinions You Might Have Missed Over Christmas
1. Container Danger: Box Shortages & Sugar
- A global container shortage is disrupting supply chains.
- If white sugar availability is hit, regional premiums and the white premium could strengthen.
- Meanwhile, global raw sugar demand could reduce if refiners are unable to ship their sugar.
2. Market Talk: Indian Sugar Production Continues at Record Pace
- India has already produced 7.4m tonnes of sugar this season; its fastest start on record.
- Uttar Pradesh, India’s primary sugar producing state, has produced 2.3m tonnes of sugar so far, up 200k tonnes year-on-year.
- Maharashtra, its second-largest sugar producing state, has produced 2.7m tonnes, up 77k tonnes year-on-year.
3. Czapp’s Most-Read Opinions in 2020
- It’s the end of the year, and what a year it’s been! It would have been impossible to predict 12 such unprecedented months and we were kept truly on our toes trying to keep up with all that was happening.
- 1,300 Opinions later and our coverage has been more varied than ever.
- Here, we take a look our 10 most-popular Opinions of the year.
4. India Exports a Record Amount of Sugar in 2020
- India has already exported a record 7.5m tonnes of sugar so far this year.
- This is a 25% higher than the previous record, held in 2019, where it exported 6m tonnes of sugar.
- Most of this has gone to Iran, Afghanistan and East Africa (Sudan, Somalia, and Ethiopia).
5. Russia’s Disappointing Beet Crop Tightens Molasses Supply
- Russian crop has been as disappointing as forecast; around 25-30% lower than last year.
- This has tightened the market for supply.
- The Black Sea beet molasses price has rapidly increased to reflect the lack of supply and difficulty in sourcing molasses in the region.
6. Fruit Juice Focus: Our End of Year Crop Round-Up
- This piece, brought to you by Fruit Juice Focus, comments on fruit crop performance around the world in 2020.
- By comparing this year’s data to the historic data, it paints a truly clear picture of all that’s been happening.
- The update focuses on orange, grapefruit, apple, peach, nectarine and more.
7. Market View: Farewell to 2020
- India’s sugar export subsidy means the world market is oversupplied with sugar in the short term.
- Refiners will probably wait for lower prices before buying further tonnage for 2021.
- Speculators aren’t in a position to buy a lot of sugar futures contracts for the time being.
8. Czapp Improvements in 2020
- 2020 was a big year for Czapp!
- We wrote over 1,300 Opinions and launched near to 20 Interactive Data products.
- Here’s a full rundown of what made its way onto the platform in 2020…
