Centre South Brazil The Brazilian crushing season which commenced in April has progressed at record pace as dry conditions have dominated CS Brazil for most of 2024. These conditions are a double-edged sword, on one hand prolonged dryness is aiding a very fast sugar cane harvest, crushing and export of sugar. However, on the other…
The spot value of sugar fell to a 3-month low of 18.30 cents per pound last Thursday 12th of May before staging a remarkable recovery through the next few days to peak at 20.24 c/lb on Tuesday night. This quick run up in value has coincided with a weak Aussie dollar which has been trading…
Market Headlines Centre South Brazil The end of January has brought much needed rain to Centre-South Brazil, particularly Sao Paulo state where most of the country’s sugarcane is grown. As of the Jan 30th Brazil’s National Institute of Meteorology had issued a Red Warning for most of Sao Paulo state (see dark red shaded area…
Market Headlines Raw sugar prices remained well supported through the second half of September and into October as multiple fundamental factors combine to keep a floor in the world price: Drought and frost in Brazil has reduced the 2021 crop size by an estimated 75 million tonnes of cane (12%) compared to 2020. Brazil’s Centre…
Market Headlines Over the past month the sugar market has plateaued near its recent peak around $500 per metric tonne. A strengthening macroeconomic picture and continued concerns surrounding Brazil’s cane crop have buoyed the market.Brazil is more than 2 months into the official start of their crushing season. However, it is important to note that…
2021 Forward Pricing & Pool Update After beginning April at a spot value of 14.77 US cents per pound sugar sustained a rally for most of the period, peaking at 18.14 c/lb on the 12th of May. During the past 6 weeks MSF has filled a significant volume of grower orders via the 2021 season…
2021 Forward Pricing & Pool Update MSF filled 2021 grower individual forward pricing orders at $450 and slightly better on several occasions through the months of February and March. The 2021 price has since retreated to currently be hovering around $430 per metric tonne actual. On top of the good results achieved by individual growers…
Pool Update As at the 1st of October the 2020 Late Season Pool was 65% hedged on sugar and 55% hedged on currency at a Mark-to-Market value of $399.30 per Metric Tonne IPS. This represents a $3/MT IPS improvement from the August Advance value. Similarly, the value of the 2020 Shared Pool has improved by…
Pool Update Minimal hedging has been completed on the 2020 Late Season Pool since the previous pool update on 26th of August as ICE11 sugar futures prices tracked south for most of the past month. See below MSF’s 2020 Pool values. The 2020 Shared Pool continues to go from strength to strength having been revised…
MEDIA RELEASE Wednesday 18 July 2018 UNLIKELY PARTNERSHIP EMERGES FROM THE CANE FIELDS On the surface, a link between a national car rally event and the sugarcane industry may seem unlikely, but after working together on operational requirements for Targa Great Barrier Reef, it quickly became evident that MSF Sugar and Targa Australia have an…
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