Sugar Prices Under Pressure as Production Rises India’s 2017/18 sugar production totaled 6.94 MMT as of 15 December 2017, up 5.346 MMT (29.81 percent) versus the same date last year. The sugar manufacturing/cane crushing was delayed in 2016, and it began this year on 1 October. With higher sugar production of 25.1 MMT expected against last year’s 20.3 MMT, according to the Indian Sugar Manufacturers Association (ISMA), prices continue to slide lower. There is also a panic sale by mills in Maharashtra. While the spot price is close to $500/MT, they are selling sugar at $450/MT, a discount of almost 10 percent that is helping to drive prices down.
Per ISMA, production in Maharashtra totaled 2.55 MMT as of 15 December, up 47.82...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
