Jim Horvath President and Chief Executive Officer

Size: px
Start display at page:

Download "Jim Horvath President and Chief Executive Officer"

Transcription

1 Changes and Challenges in the Sugar Industry Jim Horvath President and Chief Executive Officer American Crystal Sugar Company

2 Bloomquist Lecture Series Al s Name Is Synonymous With Progressive Beet Sugar Production In The Red River Valley He Is A Pioneer Who Influenced The New Generation Cooperative Movement In The U.S.

3 Bloomquist Lecture Series Al s Groundbreaking Work Fathered The Purchase Of American Crystal His Bold Vision Transformed The Status Of Valley Sugarbeet Producers From Growers To Owners Today, American Crystal Is The Largest Beet Sugar Cooperative In The U.S.

4

5 U.S. Sugar Market

6 North Dakota Montana Minnesota American Crystal Sugar Company

7 How Did American Crystal Become A Sugar Industry Leader?

8 American Crystal s Strategy Expand Take On Calculated Increased Risks Lower Fixed Cost Per Unit Lower Variable Cost Per Unit Make More Money!

9 Harvested Acres 148% , ,000

10 Recoverable Sugar Per Acre 100% Cwt Cwt

11 Slicing Capacity - Tons Per Day 127% , ,800

12 Processing Campaign 30% Days Days

13 Sugar Production Million Cwt 475% Million Cwt

14 Quality Payment System Tonnage + Sugar Content Beet Payment

15 Cooperating With Fellow Cooperative s

16 Agri-Product Marketing

17 Sugar Marketing

18 Estimated Sales Share By Marketer United Sugars - 31% Domino - 23% Imperial - 22% Amalgamated - 10% 18 C&H - 7% Western - 5% Monitor 2% Beet Cane Cargill - 1% million hundredweight Source: USC and Industry Estimates

19 Cooperative Presence Today, 7 Out Of 9 Producers In The Beet Sugar Side Of The Market Are Cooperatives Accounting For 90% Of The Domestic Beet Sugar Volume

20 American Crystal Strategy Worked!

21 Gross Revenue (Millions) 1973 $164 Million 406% 2003 $829 Million

22 On-Farm Profits (In $Millions) Est. Fiscal Year

23 But Now, American Crystal s Successful Growth Strategy Is Threatened

24 Our Business Is Pressured By: Farm Bill 2. Potential Trade Agreement Impacts 3. Core Product Challenges 4. Critical Operating Mass

25 Farm Bill

26 2002 Farm Bill 2002 Farm Bill Oversupplied Marketplace Market Allocations Reduced U.S. Production American Crystal Impact 10% Sugar Volume Reduction Reduce Acres from 500,000 to 450,000 Increased On-Farm and Company Costs

27 2. Trade Agreements

28 Domestic Vs. World Markets Every Sugar Exporting Country Subsidizes Its Sugar Industry Then Dumps It s Excess Product On The World Market U.S. Prices And Prices Of Sugar Producing Countries Are Triple World Dump Market Prices

29 Domestic Vs. World Markets U.S. Does Not Export Sugar U.S. Limits Domestic Producers In Order To Import A Regulated Amount Of Import Sugar Result: Every Sugar Exporting Country Wants To Sell More Foreign Government Subsidized Sugar Into The U.S. Market

30 U.S. Sugar Market About 10 Million Tons Domestic Production = 8.5 Million Tons Import Agreements = 1.5 Million Tons

31 Problem: Increased Imports Shrinks Size of Domestic Marketing Allotment Reduces U.S. Sugar Production Forces Farmers to Plant More Acres of Alternative Crops: Corn, Wheat, Soybeans, Canola, etc.

32 Administration s Free Trade Philosophy Better Economies Support Peaceful Democracies You Can t Make An Omelet Without Breaking A Few Eggs Is Sugar One Of The Free Trade Eggs?

33 Central American Free Trade Agreement (CAFTA) Guatemala, El Salvador, Nicaragua, Honduras, Costa Rica, Dominican Republic Current WTO Access 300,000 Tons Increased Access Year One 119,000 Tons Year ,000 Tons Thereafter 3,200 Tons/Year More

34 CAFTA Implications Disrupted Market Place Lower Prices Reduced Domestic Allocations Year One 9,000 American Crystal Acres Year 15 13,000 American Crystal Acres Bad Trade Precedent Using Battle Plans to Defeat CAFTA

35 Australia Sugar Was Totally Excluded Australia Is A Developed Country

36 Mexico - NAFTA Terms of NAFTA Permit Unrestricted Merged Mexican and U.S. Sweetener Markets HFCS Replaces Sugar in Mexican Soft Drinks Displaced Sugar Seeks A Home In U.S. Market Working Toward A New Agreement with a Set Amount of Access to U.S. Market with Shared Consumption Growth Deal Would Be Favorable to Unrestricted Mexican Access to U.S. Market

37 Other Trade Threats South Africa Customs Union Morocco Thailand Panama/Andean WTO (World Trade Organization) Cuba Still Looms

38 Common Theme: U.S. Production Gets Reduced $

39 Given a level playing field, America will out-perform the competition, and America will continue to be a world leader. -- President George W. Bush March 9, 2004

40 Common Theme: Fight for Fair Trade and/or Limited Access $

41 3. Core Product Challenges

42 Sugar Consumption Trends U.S. Sugar Sales for Domestic Food Use: Change from Previous Year, Fiscal Thousand short tons Forecast * Average Increase: +151,000 tons/year Average Decrease: -136,000 tons/year Source: USDA, January 2004 * Based on overall allotment quantity. -317

43 Recent Drivers Slow General Economy Manufacturing Globalization Of Sugar Containing Products Alternative Sweeteners Obesity Low Carbohydrate Diets

44 Be Proactive Sugar Contains 15 Calories Per Teaspoon Sugar Is Naturally Fat-Free Differentiate Sugar (Sucrose) From Other Sweeteners (High Fructose Corn Syrup) Inactivity Is The Real Culprit In the Obesity Epidemic

45 4. Managing Critical Mass

46 Managing Critical Mass Purchased Three Beet Factories and Allocations from Imperial Sugar Company Sidney Sugars Incorporated Sidney, Montana Acquisition Added 30,000 Valley Acres Sidney Sugars Plants About 40,000 Acres Profitable Subsidiary

47 Managing Critical Mass Purchased Pacific Northwest Sugar Company Plant Not Operable Pure Marketing Allocation Value Acquisition Provided 40,000 Additional Valley Acres Positive Return On Investment

48 Managing Critical Mass Made The Investments To Minimize Negative Impacts of Marketing Allocations, Trade Agreements, and Consumption Trends

49 Managing Critical Mass Maintain 2004 Crop Acres at 500,000 Supports Shareholders On-Farm Profitability Maximizes Manufacturing and Marketing Volume

50 Internal Strategic Initiatives

51 Efficiency Improvements Agriculture Gold Standards Storage Excellence Balance Sugar Recovery With Slice Rates Maintenance Excellence Safety Technology & Training Product Quality Cost Management

52 American Crystal s Business Is Like A Marathon Without A Finish Line

53 Do not go where the path may lead, go instead where there is no path and leave a trail. -- Ralph Waldo Emerson

54 What Questions May I Answer For You?

World of sugar PAGE 54

World of sugar PAGE 54 World of sugar More than 1 countries produce sugar, about 8% of which is made from sugar cane grown primarily in the tropical and sub-tropical zones of the southern hemisphere, and the balance from sugar

More information

Acreage Forecast

Acreage Forecast World (John Sandbakken and Larry Kleingartner) The sunflower is native to North America but commercialization of the plant took place in Russia. Sunflower oil is the preferred oil in most of Europe, Mexico

More information

IANSA Seminar Presentation

IANSA Seminar Presentation ENERGY UK Ltd. IANSA Seminar Presentation Thursday 22 nd August Raw Sugar Price - Spot Futures Month 2 000 mt Global Sugar Balance (May / Apr basis) 190 000 180 000 170 000 160 000 08/09-8.6 mmt 09/10-6.2

More information

2009 Outlook of the U.S. and World Sugar Markets,

2009 Outlook of the U.S. and World Sugar Markets, Agribusiness & Applied Economics Report No. 646 July 2009 2009 Outlook of the U.S. and World Sugar Markets, 2008-2018 Won W. Koo Richard D. Taylor Center for Agricultural Policy and Trade Studies Department

More information

Impacts of the U.S.-Central America Free Trade Agreement on the U.S. Sugar Industry

Impacts of the U.S.-Central America Free Trade Agreement on the U.S. Sugar Industry Special Report 03-3 December 2003 Impacts of the U.S.-Central America Free Trade Agreement on the U.S. Sugar Industry Prepared for Senator Byron Dorgan Won W. Koo Richard D. Taylor Jeremy W. Mattson Center

More information

Growing Trade & Expanding Markets. Presentation to the Canadian Horticultural Council Trade and Marketing Committee Fred Gorrell March 14, 2018

Growing Trade & Expanding Markets. Presentation to the Canadian Horticultural Council Trade and Marketing Committee Fred Gorrell March 14, 2018 Growing Trade & Expanding Markets Presentation to the Canadian Horticultural Council Trade and Marketing Committee Fred Gorrell March 14, 2018 Outline Sector Snapshot Export Trends & Opportunities Trade

More information

BACKING AMERICA S BEET AND CANE PRODUCERS

BACKING AMERICA S BEET AND CANE PRODUCERS BACKING AMERICA S BEET AND CANE PRODUCERS > > 11,000 family farmers grow sugar on 2 million acres. > > Sugar generates 142,000 jobs and adds $20 billion to the economy. Sugar Farming States Sugarbeet Factory

More information

2012 Outlook of the U.S. and World Sugar Markets,

2012 Outlook of the U.S. and World Sugar Markets, Agribusiness & Applied Economics Report 692 April 2012 2012 Outlook of the U.S. and World Sugar Markets, 2011-2021 Won W. Koo Richard D. Taylor Center for Agricultural Policy and Trade Studies Department

More information

July marks another month of continuous low prices

July marks another month of continuous low prices July marks another month of continuous low prices In July 2018, the ICO composite indicator price decreased by 2.9% to an average of 107.20 US cents/lb, which is the lowest monthly average for July since

More information

Global Wine Report SAN JOAQUIN VALLEY WINE GROWERS ASSOCIATION NOVEMBER 29, 2017 DEDICATED BROKERS IN 8 COUNTRIES

Global Wine Report SAN JOAQUIN VALLEY WINE GROWERS ASSOCIATION NOVEMBER 29, 2017 DEDICATED BROKERS IN 8 COUNTRIES Global Wine Report SAN JOAQUIN VALLEY WINE GROWERS ASSOCIATION NOVEMBER 29, 2017 DEDICATED BROKERS IN 8 COUNTRIES GLOBALLY BASED TO BUILD YOUR BUSINESS WORLDWIDE 1 INTRODUCTION Ciatti Co à 8 Regional Offices

More information

Global Hot Dogs Market Insights, Forecast to 2025

Global Hot Dogs Market Insights, Forecast to 2025 Report Information More information from: https://www.wiseguyreports.com/reports/3366552-global-hot-dogs-market-insights-forecast-to-2025 Global Hot Dogs Market Insights, Forecast to 2025 Report / Search

More information

US-MEXICO AGRICULTURAL PARTNERSHIP. March 2017

US-MEXICO AGRICULTURAL PARTNERSHIP. March 2017 US-MEXICO AGRICULTURAL PARTNERSHIP March 2017 Before 1994 Lack of clarity about trade and investment rules Lack of skills needed to compete in the global marketplace Limited competition Focus mainly on

More information

MONTHLY COFFEE MARKET REPORT

MONTHLY COFFEE MARKET REPORT E MONTHLY COFFEE MARKET REPORT February 2014 February 2014 has seen significant developments in the coffee market, with prices shooting upwards at a startling rate. The ICO composite daily price has increased

More information

Sugar and Sweeteners Outlook

Sugar and Sweeteners Outlook United States Department of Agriculture Electronic Outlook Report from the Economic Research Service www.ers.usda.gov SSS-248 Feb. 5, 2007 Sugar and Sweeteners Outlook Stephen Haley Beet Sugar Production

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

Estudio de las Cadenas de Valor de Maíz Blanco y Frijol en Centroamérica, IICA, RED SICTA, Cooperación Suiza en America Central, 2013.

Estudio de las Cadenas de Valor de Maíz Blanco y Frijol en Centroamérica, IICA, RED SICTA, Cooperación Suiza en America Central, 2013. REGIONAL MARKET FUNDAMENTALS Central America February 24, 2017 ABOUT THIS REPORT This report provides an overview of typical production and market behavior in Central America staple grains market. The

More information

UTZ Coffee Statistics Report 2017

UTZ Coffee Statistics Report 2017 UTZ Coffee Statistics Report 2017 UTZ is the largest certification program in the world for sustainable coffee More than 480,000 coffee farmers and workers benefit from the UTZ program UTZ certified coffee

More information

LETTER FROM THE EXECUTIVE DIRECTOR COFFEE MARKET REPORT. November 2004

LETTER FROM THE EXECUTIVE DIRECTOR COFFEE MARKET REPORT. November 2004 International Coffee Organization Organización Internacional del Café Organização Internacional do Café Organisation Internationale du Café E LETTER FROM THE EXECUTIVE DIRECTOR COFFEE MARKET REPORT November

More information

Exports to 193 countries

Exports to 193 countries 2019 The world s 6 th biggest steel exporter Exports to 193 countries 37.3 million tons crude steel production in 2018 Official Name: Republic of Turkey Capital City: Ankara Currency: Turkish Lira (TRY)

More information

M03/330/S(2) ECONOMICS STANDARD LEVEL PAPER 2. Wednesday 7 May 2003 (morning) 2 hours INSTRUCTIONS TO CANDIDATES

M03/330/S(2) ECONOMICS STANDARD LEVEL PAPER 2. Wednesday 7 May 2003 (morning) 2 hours INSTRUCTIONS TO CANDIDATES c PROGRAMA IB DIPLOMA PROGRAMME PROGRAMME DU DIPLÔME DU BI DEL DIPLOMA DEL BI M03/330/S(2) ECONOMICS STANDARD LEVEL PAPER 2 Wednesday 7 May 2003 (morning) 2 hours INSTRUCTIONS TO CANDIDATES! Do not open

More information

U.S. Produce Imports from Mexico

U.S. Produce Imports from Mexico USDA iiiiillllllllll United States Department of Agriculture U.S. Produce Imports from Mexico Linda Calvin and Steven Zahniser U.S. Department of Agriculture Economic Research Service Presentation to the

More information

Dairy Market. November 2017

Dairy Market. November 2017 Dairy Market Dairy Management Inc. R E P O R T Volume 20 No. 10 November 2017 DMI NMPF Overview U.S. Cheddar cheese prices hit a 10-month high in October, while butter prices softened but remained well

More information

Vegetable Imports Approaching 20% of Total

Vegetable Imports Approaching 20% of Total Vegetable Imports Approaching 20% of Total Domestic Supply The taste of imported vegetables has become more familiar to the palates of Japanese consumers in recent years. According to the Ministry of Finance,

More information

Coca-Cola beverages bring a refreshing taste to consumers.

Coca-Cola beverages bring a refreshing taste to consumers. Coca-Cola beverages bring a refreshing taste to consumers. BEVERAGES DIVISION DELIVERING REFRESHING SOFT DRINKS Swire Beverages manufactures, markets and distributes refreshing soft drinks to consumers

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

More information at Global and Chinese Pressure Seal Machines Industry, 2018 Market Research Report

More information at   Global and Chinese Pressure Seal Machines Industry, 2018 Market Research Report Report Information More information at https://www.htfmarketreport.com/reports/1320915 Global and Chinese Pressure Seal Machines Industry, 2018 Market Research Report Report Code: HTF1320915 Pages: 150

More information

The supply and demand for oilseeds in South Africa

The supply and demand for oilseeds in South Africa THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

and the World Market for Wine The Central Valley is a Central Part of the Competitive World of Wine What is happening in the world of wine?

and the World Market for Wine The Central Valley is a Central Part of the Competitive World of Wine What is happening in the world of wine? The Central Valley Winegrape Industry and the World Market for Wine Daniel A. Sumner University it of California i Agricultural l Issues Center January 5, 211 The Central Valley is a Central Part of the

More information

The source of about 7 percent of the world s calorie supplies, sugar is an

The source of about 7 percent of the world s calorie supplies, sugar is an Sugar Policies: Opportunity for Change Donald Mitchell 10 The source of about 7 percent of the world s calorie supplies, sugar is an important commodity in many countries, accounting for 10 percent or

More information

Coffee Season 2013/14 Finishes in Balance but Deficit Expected Next Year

Coffee Season 2013/14 Finishes in Balance but Deficit Expected Next Year Coffee Season 2013/14 Finishes in Balance but Deficit Expected Next Year Coffee prices were volatile again over the course of September, mostly reacting to weather news from Brazil. Daily prices fell initially

More information

Autumn Press Conference October 19, Name of chairman

Autumn Press Conference October 19, Name of chairman Autumn Press Conference October 19, 2006 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve

More information

Edgar A. Cordero Executive Vice. Colombian Coffee. September 27th, 2011

Edgar A. Cordero Executive Vice. Colombian Coffee. September 27th, 2011 Edgar A. Cordero Executive Vice President Colombian Coffee Federation, Inc. September 27th, 2011 Colombian Coffee Grower s Federation (FNC) The FNC is a private non-profit organization, founded in 1927

More information

U.S. Dry Bean Market Update: 2018

U.S. Dry Bean Market Update: 2018 U.S. Dry Bean Market Update: 2018 Suzanne Thornsbury and Jennifer Bond U.S. Dry Bean Convention U.S. Dry Bean Market Update: 2013 Dr. Suzanne Bonita Thornsbury Springs, FL and Hodan Farah Wells July 24,

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

DEVELOPMENTS IN TURKISH STEEL INDUSTRY AND OUTLOOK

DEVELOPMENTS IN TURKISH STEEL INDUSTRY AND OUTLOOK DEVELOPMENTS IN TURKISH STEEL INDUSTRY AND OUTLOOK Dr. Veysel YAYAN Secretary General Turkish Iron and Steel Producers Association OECD Steel Commitee Meeting 17-18 May 2007, İstanbul 1 Crude steel production

More information

Record exports in coffee year 2017/18

Record exports in coffee year 2017/18 Record exports in coffee year 2017/18 Total coffee exports increased each year since 2010/11 with a new record reached in 2017/18 at 121.86 million bags, 2% higher than 2016/17. In the twelve months ending

More information

Outlook For Mexico As A Supplier of Sugar To The U.S. Oscar Cruz-Barney

Outlook For Mexico As A Supplier of Sugar To The U.S. Oscar Cruz-Barney Agricultural Outlook Forum Presented: February 23-24, 2012 U.S. Department of Agriculture Outlook For Mexico As A Supplier of Sugar To The U.S. Oscar Cruz-Barney OUTLOOK FOR MEXICO AS A SUPPLIER OF SUGAR

More information

Dairy Market R E P O R T

Dairy Market R E P O R T Volume 18 No. 8 Dairy Market R E P O R T August 2015 DMI NMPF Overview Milk prices in many major milk-producing countries have plummeted to levels that are producing severe financial stress for their farmers.

More information

Impacto de la roya sobre la cadena del café. Renaud Cuchet Managing Director Efico Central America

Impacto de la roya sobre la cadena del café. Renaud Cuchet Managing Director Efico Central America Impacto de la roya sobre la cadena del café Renaud Cuchet Managing Director Efico Central America TOPICS 1. THE SITUATION IN LATIN AMERICA 2. HOW COFFEE BUYERS PERCEIVE THE RUST CRISIS ü Question # 1:

More information

Coffee prices rose slightly in January 2019

Coffee prices rose slightly in January 2019 Coffee prices rose slightly in January 2019 In January 2019, the ICO composite indicator rose by 0.9% to 101.56 US cents/lb as prices for all group indicators increased. After starting at a low of 99.16

More information

2014 Outlook of the U.S. and World Sugar Markets,

2014 Outlook of the U.S. and World Sugar Markets, Agribusiness & Applied Economics Report No. 725 August 2014 2014 Outlook of the U.S. and World Sugar Markets, 2013-2023 Won W. Koo Richard D. Taylor Center for Agricultural Policy and Trade Studies Department

More information

HIGH FRUCTOSE CORN SYRUP-THE WILDCARD IN THE U.S.-MEXICO SWEETENER MARKET. Juan A. Cortina Gallardo

HIGH FRUCTOSE CORN SYRUP-THE WILDCARD IN THE U.S.-MEXICO SWEETENER MARKET. Juan A. Cortina Gallardo Agricultural Outlook Forum Presented: February 24-25, 2011 U.S. Department of Agriculture HIGH FRUCTOSE CORN SYRUP-THE WILDCARD IN THE U.S.-MEXICO SWEETENER MARKET Juan A. Cortina Gallardo HIGH FRUCTOSE

More information

GLOBAL SUPPLY UPDATE GLENN PROCTOR FEBRUARY 7, 2018

GLOBAL SUPPLY UPDATE GLENN PROCTOR FEBRUARY 7, 2018 GLOBAL SUPPLY UPDATE GLENN PROCTOR FEBRUARY 7, 2018 21 DEDICATED BROKERS IN 8 COUNTRIES GLOBALLY BASED TO BUILD YOUR BUSINESS WORLDWIDE INTRODUCTION - CIATTI CO 8 REGIONAL OFFICES WORLDWIDE - WINE, GRAPES,

More information

Coffee market trends Kristina Sorby, RDV

Coffee market trends Kristina Sorby, RDV Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Background paper to World Bank Agricultural Technology Note 30, Toward more sustainable

More information

COFFEE: A LOOK FORWARD TO 2030

COFFEE: A LOOK FORWARD TO 2030 COFFEE: A LOOK FORWARD TO 2030 José Sette Executive Director International Coffee Organization Sintercafé, Costa Rica 11 November 2017 WHO WE ARE The International Coffee Organization (ICO) is the main

More information

Sample. TO: Prof. Hussain FROM: GROUP (Names of group members) DATE: October 09, 2003 RE: Final Project Proposal for Group Project

Sample. TO: Prof. Hussain FROM: GROUP (Names of group members) DATE: October 09, 2003 RE: Final Project Proposal for Group Project Sample TO: Prof. Hussain FROM: GROUP (Names of group members) DATE: October 09, 2003 RE: Final Project Proposal for Group Project INTRODUCTION Our group has chosen Chilean Wine exports for our research

More information

QUESTION NO 2809 ANSWERED ON Regulation of release of sugar

QUESTION NO 2809 ANSWERED ON Regulation of release of sugar QUESTION NO 2809 ED ON 19.12.2011 Regulation of release of sugar 2809 SHRI BALAVANT ALIAS BAL APTE (a) whether a mechanism to regulate release of sugar is in force; (b) if so, the details thereof and its

More information

Monthly Economic Letter

Monthly Economic Letter Monthly Economic Letter Cotton Market Fundamentals & Price Outlook RECENT PRICE MOVEMENT After some upward movement in April, most benchmark prices turned lower in early May. After climbing to the upper

More information

Sustainable Coffee Economy

Sustainable Coffee Economy Seeking a Balance Sustainable Coffee Economy Brazilian initiatives and experience Environmental Sustainability Respecting the limits of capacity Economic Sustainability support of ecosystems Rational and

More information

Assessing Trends in the Fruit Market: Opportunities for Fruit Juices. by Dr. Eric Thor, S.A.M and Aninditta Savitry

Assessing Trends in the Fruit Market: Opportunities for Fruit Juices. by Dr. Eric Thor, S.A.M and Aninditta Savitry Assessing Trends in the Fruit Market: Opportunities for Fruit Juices by Dr. Eric Thor, S.A.M and Aninditta Savitry Background on Fruit Juice Market Issues Total Market Size since 1993 Imports and Exports

More information

Growing divergence between Arabica and Robusta exports

Growing divergence between Arabica and Robusta exports Growing divergence between Arabica and Robusta exports In April 218, the ICO composite indicator decreased by.4% to an average of 112.56, with the daily price ranging between 11.49 and 114.73. Prices for

More information

MONTHLY COFFEE MARKET REPORT

MONTHLY COFFEE MARKET REPORT E MONTHLY COFFEE MARKET REPORT June 2013 Coffee prices fell sharply in June 2013, as market fundamentals, combined with an uncertain macroeconomic outlook, drove the ICO composite indicator price to its

More information

CHAPTER 7.1 FOCUS ON FAIRTRADE PRODUCTS COFFEE

CHAPTER 7.1 FOCUS ON FAIRTRADE PRODUCTS COFFEE CHAPTER 7.1 FOCUS ON FAIRTRADE PRODUCTS COFFEE MONITORING THE SCOPE AND BENEFITS OF FAIRTRADE SIXTH EDITION 2014 77 MONITORING THE SCOPE AND BENEFITS OF FAIRTRADE SIXTH EDITION 2014 78 7.1 Fairtrade Fact

More information

DELIVERING REFRESHING SOFT DRINKS

DELIVERING REFRESHING SOFT DRINKS BEVERAGES DIVISION DELIVERING REFRESHING SOFT DRINKS Swire Beverages manufactures, markets and distributes refreshing soft drinks to consumers in Hong Kong, Taiwan, Mainland China and the USA. 46 215 PERFORMANCE

More information

Revised World Coffee Production Forecast Remains on Track for Record 140

Revised World Coffee Production Forecast Remains on Track for Record 140 United States Department of Agriculture Foreign Agricultural Service Circular Series FTROP 4-8 December 28 Revised World Coffee Forecast Remains on Track for Record 14 12 Million 6 kilo bags 1 8 6 4 2

More information

Outlook for the. ASEAN INTERNATIONAL SEMINAR ON COFFEE June 2012 Kuta, Bali, Indonesia

Outlook for the. ASEAN INTERNATIONAL SEMINAR ON COFFEE June 2012 Kuta, Bali, Indonesia Outlook for the World Coffee Market ASEAN INTERNATIONAL SEMINAR ON COFFEE 12 13 June 212 Kuta, Bali, Indonesia José Sette Head of Operations ICO Composite Indicator Price (in current terms) Monthly averages:

More information

CHAPTER 7.3 FOCUS ON FAIRTRADE PRODUCTS COCOA

CHAPTER 7.3 FOCUS ON FAIRTRADE PRODUCTS COCOA CHAPTER 7.3 FOCUS ON FAIRTRADE PRODUCTS COCOA MONITORING THE SCOPE AND BENEFITS OF FAIRTRADE SIXTH EDITION 2014 95 MONITORING THE SCOPE AND BENEFITS OF FAIRTRADE SIXTH EDITION 2014 96 7.3 Fairtrade Fact

More information

Citrus: World Markets and Trade

Citrus: World Markets and Trade United States Department of Agriculture Foreign Agricultural Service Citrus: World Markets and Trade Oranges Global orange production for 2012/13 is forecast to drop over 4 percent from the previous year

More information

An Overview of the U.S. Bell Pepper Industry. Trina Biswas, Zhengfei Guan, 1 Feng Wu University of Florida

An Overview of the U.S. Bell Pepper Industry. Trina Biswas, Zhengfei Guan, 1 Feng Wu University of Florida An Overview of the U.S. Bell Pepper Industry Trina Biswas, Zhengfei Guan, 1 Feng Wu University of Florida Bell pepper is one of the most widely cultivated vegetable crops in the world. Characterized by

More information

Coffee market settles lower amidst strong global exports

Coffee market settles lower amidst strong global exports Coffee market settles lower amidst strong global exports The ICO composite indicator price declined by 1.2% in February 2018 to an average of 114.19 US cents/lb. Indicator prices for all three Arabica

More information

Role of RussiaandCIS on the world sugar market

Role of RussiaandCIS on the world sugar market IKAR Dmitry Rylko General director Role of RussiaandCIS on the world sugar market Growing self-sufficiency and/or growing efficiency of the world s biggest sugar import market Brazil, October, 009 IKAR

More information

Sugar: World Markets and Trade

Sugar: World Markets and Trade United States Department of Agriculture Foreign Agricultural Service November 2017 Sugar: World Markets and Trade Record Global Production Spurs Record Consumption Million Metric Tons, Raw Value 190 185

More information

Sugar and Sweeteners Outlook

Sugar and Sweeteners Outlook Sugar and Sweeteners Outlook SSS-251 Jan. 29, 2008 Stephen Haley David Kelch USDA Projects Greater Sugar Production in FY 2008 than FY 2007 Contents U.S. Sugar Mexico Sugar & HFCS EU Sugar Reform Sugar

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

MARCOS S. JANK. JAPAN BRAZIL Bilateral Dynamics and Partnership in the Agri-Food Sector

MARCOS S. JANK. JAPAN BRAZIL Bilateral Dynamics and Partnership in the Agri-Food Sector MARCOS S. JANK JAPAN BRAZIL Bilateral Dynamics and Partnership in the Agri-Food Sector JAPAN-BRAZIL BUSINESS COUNCIL Tokyo, Japan 24 th July 2018 Japan and Brazil Competitive Advantages in the Agri-Food

More information

Taiwan Fishery Trade: Import Demand Market for Shrimps. Bith-Hong Ling

Taiwan Fishery Trade: Import Demand Market for Shrimps. Bith-Hong Ling International Symposium Agribusiness Management towards Strengthening Agricultural Development and Trade III : Agribusiness Research on Marketing and Trade Taiwan Fishery Trade: Import Demand Market for

More information

Coffee: World Markets and Trade

Coffee: World Markets and Trade United States Department of Agriculture Foreign Agricultural Service Circular Series December 213 Coffee: World Markets and Trade 4 in Producing Countries to Continue Rising Million 6 Kilogram Bags 3 2

More information

GLOBAL DAIRY UPDATE KEY DATES MARCH 2017

GLOBAL DAIRY UPDATE KEY DATES MARCH 2017 MARCH 2017 GLOBAL DAIRY UPDATE European milk production decreased for the seventh consecutive month, while the US remains strong. The rate of decline in New Zealand production is easing. US exports continue

More information

For personal use only

For personal use only SEPTEMBER 216 GLOBAL DAIRY UPDATE European milk production has decreased for the first time since early 215, with volumes in June down 2 compared to last year. Last week we announced our annual results,

More information

MONTHLY COFFEE MARKET REPORT

MONTHLY COFFEE MARKET REPORT E MONTHLY COFFEE MARKET REPORT December 2011 In December 2011 Arabica prices underwent significant downward corrections while Robusta prices increased slightly. The average of the 2 nd and 3 rd positions

More information

Not Just About the Coffee

Not Just About the Coffee Not Just About the Coffee By Robyn Fieser The most difficult thing for the women of this hilly northern Nicaraguan town was not organizing into an all-female cooperative. It wasn't ridding themselves of

More information

Dairy Market. June 2016

Dairy Market. June 2016 Dairy Market Dairy Management Inc. R E P O R T Volume 19 No. 6 June 2016 DMI NMPF Overview U.S. milk production was 1.2 percent higher in April than a year earlier, interrupting the pattern of the three

More information

Coffee market ends 2014 at ten month low

Coffee market ends 2014 at ten month low Coffee market ends 2014 at ten month low Coffee prices continued to slide downwards in December 2014, with the monthly average of the ICO composite indicator at its lowest level since February. Recent

More information

2014 U.S. Dry Bean Outlook

2014 U.S. Dry Bean Outlook 2014 U.S. Dry Bean Outlook Steven Zahniser and Hodan Farah Wells USDA Economic Research Service Presentation delivered at U.S. Dry Bean Convention Coeur d Alene, ID, August 5, 2014 The views expressed

More information

Complex: The challenge of. incongruous markets. Jenkins Sugar Group, Inc. USDA Agricultural Outlook Forum February 19,2010

Complex: The challenge of. incongruous markets. Jenkins Sugar Group, Inc. USDA Agricultural Outlook Forum February 19,2010 The North American Sugar Complex: The challenge of managing incongruous markets USDA Agricultural Outlook Forum February 19,2010 Premise: World market has helpedsetthe the stage for the current US price

More information

This is Haruhisa Inada. I will explain the financial results of the first quarter of FY 2018.

This is Haruhisa Inada. I will explain the financial results of the first quarter of FY 2018. This is Haruhisa Inada. I will explain the financial results of the first quarter of FY 2018. 1 Compared to the previous year, revenue was 277.1 billion yen, up 3.3%, operating income was 26.6 billion

More information

EMBARGO TO ON FRIDAY 16 SEPTEMBER. Scotch Whisky Association. Exports of Scotch Whisky; Year to end of June 2016 (2016 H1)

EMBARGO TO ON FRIDAY 16 SEPTEMBER. Scotch Whisky Association. Exports of Scotch Whisky; Year to end of June 2016 (2016 H1) EMBARGO TO 00.01 ON FRIDAY 16 SEPTEMBER Scotch Whisky Association Exports of Scotch Whisky; Year to end of June 2016 (2016 H1) VOLUME UP 3.1% to 531 MILLION bottles VALUE DOWN SLIGHTLY BY 1.0% TO 1.70

More information

GENERAL DESCRIPTION OF INDUSTRY AND COMPANY

GENERAL DESCRIPTION OF INDUSTRY AND COMPANY Appendix G Appendix Sample G: Import Business Business Plan: Otoro Plan: Import Company Otoro Import Company EXECUTIVE SUMMARY Otoro Imports is a spice importing and marketing corporation established in

More information

February 11th, By Jack Scoville

February 11th, By Jack Scoville February 11th, 2019 By Jack Scoville Wheat: Winter Wheat markets were lower for the week last week. Chicago SRW prices held firm on Friday in response to news that Egypt had bought 120,000 tons of SRW.

More information

February 25th, By Jack Scoville

February 25th, By Jack Scoville February 25th, 2019 By Jack Scoville Wheat: Winter Wheat markets were mostly a little higher on Friday, but lower for the week. World Wheat prices were softer as well. USDA released its export sales report

More information

Coffee market continues downward trend

Coffee market continues downward trend Coffee market continues downward trend Since August 2017, the ICO composite indicator price has declined in each month except January 2018. The composite indicator decreased by 1.1% in March 2018 to an

More information

April 30th, By Jack Scoville

April 30th, By Jack Scoville April 30th, 2018 By Jack Scoville Wheat: Wheat markets were higher as weather and demand remained the dominant factors in the market. It remains very dry in western parts of the Great Plains, and crop

More information

Outlook for the World Coffee Market

Outlook for the World Coffee Market Outlook for the World Coffee Market 8 th AFRICAN FINE COFFEE CONFERENCE & EXHIBITION 17 to 19 February 2011 Arusha, Tanzania José Sette Executive Director a.i. 225 ICO composite indicator price Monthly:

More information

Global Rum Market Insights, Forecast to 2025

Global Rum Market Insights, Forecast to 2025 Report Information More information from: https://www.wiseguyreports.com/reports/3652945-global-rum-market-insights-forecast-to-2025 Global Rum Market Insights, Forecast to 2025 Report / Search Code: WGR3652945

More information

Sugar and Sweeteners Outlook

Sugar and Sweeteners Outlook Economic Research Service Situation and Outlook SSS-M-343 March 15, 2017 Sugar and Sweeteners Outlook Michael McConnell, coordinator michael.mcconnell@ers.usda.gov Projected U.S. Beet Sugar Production

More information

Milk and Milk Products: Price and Trade Update

Milk and Milk Products: Price and Trade Update Milk and Milk Products: Price and Trade Update June 217 * International dairy prices The FAO Dairy Price Index averaged 29 points in June, up 16 points (8.3 percent) from January 217 and 71 points (51.5

More information

May 14th, By Jack Scoville

May 14th, By Jack Scoville May 14th, 2018 By Jack Scoville Wheat: Wheat markets were lower, with much of the selling in reaction to the USDA reports released on Thursday. The reports showed increased production estimates from a

More information

LETTER FROM THE EXECUTIVE DIRECTOR

LETTER FROM THE EXECUTIVE DIRECTOR E LETTER FROM THE EXECUTIVE DIRECTOR COFFEE MARKET REPORT December 2008 Price levels in December confirmed the downward trend recorded in the coffee market since September 2008. The monthly average of

More information

Global Sugar Substitute Market: An Analysis

Global Sugar Substitute Market: An Analysis Global Sugar Substitute Market: An Analysis ----------------------------------------- 2013 Executive Summary The sugar substitute market mainly consists of high fructose syrup (HFCS), high intensity sweetener

More information

Coffee: World Markets and Trade

Coffee: World Markets and Trade United States Department of Agriculture Foreign Agricultural Service June 2016 Coffee: World Markets and Trade 2016/17 Forecast Overview World coffee production for 2016/17 is forecast to rise 2.4 million

More information

For personal use only

For personal use only ABNN 78 052 179 932 Company Announcements Australian Securities Exchange 24 February 2016 Australian Vintage Half Year Result to 31 December 20155 Branded Sales Dry Profit up by 80% % Key Points Net Profit

More information

Opportunities for EU Sugar Post-2017

Opportunities for EU Sugar Post-2017 Opportunities for EU Sugar Post-2017 Lindsay Jolly Senior Economist Structure of the Presentation - The possible impact of the EU quota abolition in 2017 - Price scenarios and changes to the EU sugar balance

More information

Uruguay Cow Milk Market Production and Fluid Milk Consumption by Volume,

Uruguay Cow Milk Market Production and Fluid Milk Consumption by Volume, TABLE OF CONTENTS 1. Uruguay 1.1. Uruguay Milk Market Introduction 1.1.1. Uruguay Cow Milk Market Production and Fluid Milk Consumption by Volume, 1.1.2. Uruguay Milk Cow Numbers and Milk Production per

More information

Dairy Market. Overview. Commercial Use of Dairy Products. U.S. Dairy Trade

Dairy Market. Overview. Commercial Use of Dairy Products. U.S. Dairy Trade Dairy Market Dairy Management Inc. R E P O R T Volume 21 No. 5 May 2018 DMI NMPF Overview Many of the key dairy market statistics reported for March and April indicated that milk prices for U.S. dairy

More information

May 21st, By Jack Scoville

May 21st, By Jack Scoville May 21st, 2018 By Jack Scoville Wheat: Wheat markets were higher on uncertain production prospects at home and increasingly in other producing countries. The dry conditions in the western Great Plains,

More information

Source : Intl Coffee Org. Other Milds. Brazil 26,08 % 29,28 % 28,27 % 26,37 % 28,81 % 39,76 % 27,78 % 34,19 % Prices Kenya

Source : Intl Coffee Org. Other Milds. Brazil 26,08 % 29,28 % 28,27 % 26,37 % 28,81 % 39,76 % 27,78 % 34,19 % Prices Kenya 2 nd World Coffee Conference, Bahia 23-25 September 25 Lesson emerging from the crisis : New paths for the coffee sector Session 2 : Coffee policies in a market economy Giuseppe Lavazza Source : Intl Coffee

More information

August 13th, By Jack Scoville

August 13th, By Jack Scoville August 13th, 2018 By Jack Scoville Wheat: Wheat closed lower last week, with most of the selling coming on Friday in response to the USDA production and supply and demand reports. The US data was somewhat

More information

March 25th, By Jack Scoville

March 25th, By Jack Scoville March 25th, 2019 By Jack Scoville Wheat: Winter Wheat markets were higher and Minneapolis Spring Wheat prices closed slightly higher for the week. Chicago SRW prices are now above important resistance

More information

YUM! Brands Inc. Restaurant Units Activity Summary December 31, 2011 Total

YUM! Brands Inc. Restaurant Units Activity Summary December 31, 2011 Total Total Unconsolidated Excluding Company Affiliates Franchisees Licensees (a) Total Worldwide Beginning of Year 7,271 525 27,852 35,648 New Builds 749 73 1,058 1,880 Acquisitions 137 - (137) - Refranchising

More information

Winegrapes vs. Nuts: in the San Joaquin Valley and Implications for the Future

Winegrapes vs. Nuts: in the San Joaquin Valley and Implications for the Future Winegrapes vs. Nuts: An Historical i Review of Production in the San Joaquin Valley and Implications for the Future Jim Lapsley, Ph.D. Researcher, Agricultural Issues Center Adjunct Professor, Vit and

More information