Sugar Prices Improve on GOI Intervention It seems that the government of India (GOI) has finally heeded the sugar industry’s demand and will create a buffer stock. With the Indian Sugar Manufacturers Association now boosting its sugar production forecast to 32 MMT, 2018/19 opening stocks are projected to be over 10.8 MMT versus the 8.3 MMT estimated in the first week of April (Click here). Exports are not expected to be more than 0.2-0.3 MMT as domestic sugar prices are much higher. 2018/19 sugar production will also likely be high as it is cyclical, and this will lead to further pressure on prices as the ending stocks will further rise. GOI is formulating a plan to safeguard the sector so that as sugar prices move up, the industry...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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