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

Size: px
Start display at page:

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

Transcription

1 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

2 HIGH FRUCTOSE CORN SYRUP-THE WILDCARD IN THE U.S.-MEXICO SWEETENER MARKET FEBRUARY, 2011

3 INDEX I. Mexico leading sugar producer with a large Sweetener Market. II. North American Regional Market a Reality: II a) Mexican Sweetener Market. II b) U.S. Sweetener Market. II c) U.S. and Mexico Sweetener Market. III. Mexico: Sugar Balance 2010/011 marketing year, advance to January 31,

4 38,798 I. Mexico leading sugar producer with a large Sweetener Market. Mexico: World's sixth Leading Sugar Producer Cycle 2009/2010 Thousand metric tons, raw value 25,000 Mexico: World's sixth Leading Sugar Consumer Cycle 2009/2010 Thousand metric tons, raw value 20,325 15,250 13,123 11,673 7,169 7,119 5,026 4,282 4,090 3,635 3,596 9,403 6,055 5,323 5,303 4,565 3,574 2,771 Brazil India China Tailand USA Mexico Germany France Australia Russia India China Brazil USA Russia Mexico Indonesia Pakistan Germany Egypt Source: F.O.Licht's Intarnational Sugar and Sweetener Report World Sugar Balances 2000/ / ,000 5,000 4,301 4,528 4,569 4,774 Mexican Market: Sugar and HFCS Consumption Thousand MetricTons 5,219 4,919 5,095 5,138 5,291 5,689 5,294 5,352 5,623 5,771 5,822 4,000 3,000 2,000 3,838 4,025 4,068 4,214 4,629 4,578 4,920 4,897 4,823 5,026 4,580 4,567 4,958 4,354 4,392 1,000 1,418 1, /97 97/98 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 Proj. 10/11 Source: CNIAA and Ministryof Economy HFCS, dry weight Sugar 3

5 I. Mexico leading sugar producer with a large Sweetener Market. 6,100 Mexican Sugar: Production and Consumption Thousand Metric Tons 5,796 5,600 5,100 4,600 4,100 4,034 3,951 4,077 4,037 4,275 4,406 4,543 5,174 4,699 4,696 4,214 4,924 4,629 4,872 4,578 4,928 4,920 5,024 4,897 4,823 5,276 5,026 5,314 4,580 5,521 4,567 4,962 4,958 4,826 4,354 5,368 4,392 3,600 3,559 3,910 4,048 3,984 3,838 4,025 4,068 3,100 3,266 3,529 Production Consumption 1,600 1,518 Mexican Sugar Export to USA and the Rest of the World Thousand Metric Tons 1,400 1,281 1,249 1,200 1,111 1, Source: CNIAA Imports Exports

6 US SWEETENER INDUSTRY North American Sweetener market fully integrated. Since the market opened: Mexico has exported more than 2,7 millions sugar tons to U.S. Mexico has imported 1,7 millions tons dry of HFCS from U.S. Good Coordination and cooperation between Mexican and U.S. Governments regarding sweeteners: Mochis La Primavera El Dorado A. Saenz MEXICAN SUGAR INDUSTRY The Administration in each country sugar program consistent with NAFTA obligations. El Mante Puga El Molino Bellavista Sn. Fco. Ameca M. Ocampo José Ma. Mor. Tala Tamazula Quesería Santa Clara L. Cárdenas Pedernales S. M. Naranjo Casasano E. Zapata El Higo Zapoapita Plan de San Luis Atencingo Independencia Calipam P. Machado A. L. Mateos Sta. Rosalía B. Juárez El Refugio Pujiltic Huixtla La Joya. Azsuremex Mexico is a reliable supplier in the integrated North American Regional Market. 5

7 II a) Mexican Sweetener Market Mexico: Production, imports and national consumption of HFCS, Marketing years 1991/92 to 2010/11 (projected) (Metric Tons, dry weight) 1,600,000 1,400,000 1,417,710 Projeted 1,430,157 1,200,000 1,000,000 20% tax to soft drinks sweetened with sweeteners different to cane sugar. 954, , , , , , ,218 Period without domestic production of HFCS 34,794 22,218 34,794 72,704 96,061 72,704 96, , , , , , , , , , , , , , , , ,758 Antidumping investigation against HFCS 175, , , , , ,651 5,915 5, , , , , , , , , , , , , , , ,186 Substitution of sugar due to lower HFCS prices 1991/ / / / / / / / / / / / / / / / / / / /11 Domestic Production Imports Domestic Consumption Source: CNIAA and CONADESUCA Note: In the World Agricultural Demand and Supply Estimates (WASDE) on February 9,2011 the HFCS consumption is projected in 1,750 thousand metric tons, dry weight. 6

8 II a) Mexican Sweetener Market 0 100,000 57,036 39,088 82,761 40,478 60,019 37,860 HFCS Imports and Production, Metric tons, dry weight 91,993 38,334 Oct 09 Nov'10 Dec'09 Jan'11 (Preliminary) Production Imports 70,324 38,321 83,060 38,708 The production estimated of HFCS in cycle 2010/2011, will increase about 1%. 54,125 38,637 74,995 39,173 In the cycle 2010/2011 (to january), Mexico has imported 332,809 metric tons dry weight, 38% up that in the same period in the last cycle. HFCS Imports and Production, cycles 2009/2010 and 2010/2011 Metric tons, dry weight 1,417,710 Metric tons Domestic Consumption 1,430,157 Metric tons 954, , , , / /2011 Proj. Production Imports 7

9 II a) Mexican Sweetener Market Commercial Year Metric Tons, dry weight 2008/ , /2010 1,417, /2011*/ Projected 1,430,157 HFCS consumption, from Oct 08 to Jan 11 Metric tons, dry weight 100,000 0 Oct 08 Oct'09 Nov'08 Nov'09 Dec'08 Dec'09 Jan'09 Jan'10 Feb'09 Feb'10 Mar'09 Mar'10 Apr'09 Apr'10 May'09 May'10 Jun'09 Jun'10 Jul'09 Jul'10 Aug'09 Aug'10 Sep'09 Sep'10 Oct 09 Oct'10 Nov'09 Nov'10 Dec'09 Dec'10 Jan'10 Jan'11 60,757 96,124 43,388 97,879 53, ,644 36,730 92,761 38,147 95,596 42, ,152 50, ,128 60, ,651 62, ,640 62, ,740 70, ,456 82, ,939 96, ,239 97, , , ,767 92, ,305 */ preliminary Source: CNIAA 8

10 II b) USA Sweetener Market 15,000 14,500 14,000 13,500 13,000 12,500 12,000 13,175 14,314 13,533 U.S and Mexico Sugar: Combined Production plus Minimum of U.S. Imports and combined Consumption Thousand Metric Tons, raw value Combined Production plus Minimum of U.S. Imports* 13,881 12,336 13,475 14,012 13,719 12,873 14,368 14,315 14,433 14,160 13,176 Combined Consumption Combined Production 13,294 12,316 14,565 14,543 13,562 13,295 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 Proj. 10/11 * Mexico and U.S. Production plus Minimum of U.S. Imports (WTO & CAFTA) 14,127 14,617 14,498 13,248 12,092 14,537 13,350 14,500 13,603 12,343 14,300 14,178 12,915 Source: USDA, 2010/2011 forecast 9

11 II b) USA Sweetener Market Equivalent in million short tons, raw value From its peak in 2002, total HFCS domestic demand through 2010 fell 15.2 percent HFCS Domestic Demand Fiscal Year 10

12 II c) U.S. and Mexico Sweetener Market Mexico and U.S.: Behaviour of prices under NAFTA FOB Sugar Mill price Oct 09-Feb 11: Mexico (SNIIM standard and refined) and U.S. (C-16 and Sugar beet Midwest) (U.S. Dollars/Metric Tons) 1, DPD-CNIAA 1, , , , Price Midwest Beet EUA, 1, Price SNIIM Refined Sugar, Price C-16 EUA, Price SNIIM Standard Sugar, Comercial Year 09/10 Comercial Year 10/11 Commercial Year 09/10 Commercial Year 10/11 09/ / / / / / / / / / / / / / / / / /2011 Source: Sugar Midwest Beet: Milling and Baking News,C16-ICE;(IntercontinentalExchange): Sugar Mexican Prices standard and refined SNIIM: 11

13 III. Mexico: Sugar Balance 2010/011 marketing year, advance to January 31, 2011 Concept Total Supply Begining Stocks Production Total Imports Non quota Quota Total Demand Total Exports Sugar Mills Definitive NAFTA Rest of the World IMMEX Temporaly Other Companies Domestic Consumption Sugar Mills Domestic Sales Other Imports Non Quota Quota Ending Stocks 1/ Preliminary data Source: CONADESUCA October January / Total Standard Sugar Refined Sugar 2,861,241 1,836,149 1,025, , , ,824 1,877,821 1,318, ,345 55,321 12,399 42,922 2, ,480 52,753 12,310 40,443 1,719,836 1,108, , , , , , , , , , , , , ,416 1, ,225 19,730 6,519 13, ,931 43,814 57,117 1,377, , ,911 1,321, , ,988 55,321 12,399 42,922 2, ,480 52,753 12,310 40,443 1,141, , ,212 12

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

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

World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing February 10, 2015

World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing February 10, 2015 World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing World Wheat Production Country or Region Million Tons Percent Percent World 716.1 725.0 0.2 1.2 United

More information

Agricultural Outlook Forum 2008 Arlington, Virginia February 22, 2008

Agricultural Outlook Forum 2008 Arlington, Virginia February 22, 2008 Agricultural Outlook Forum 2008 Arlington, Virginia February 22, 2008 What Lies Ahead for the Sugar Market? Problems with the Re-Export and IMMEX Programs in an Integrated U.S.-Mexican Sweetener Market

More information

Outline. Long-term Outlook for Cotton Consumption. World End-Use Consumption of Textile Fibers. World Consumption of Textile Fibers

Outline. Long-term Outlook for Cotton Consumption. World End-Use Consumption of Textile Fibers. World Consumption of Textile Fibers World Cotton Supply and Use International Cotton Advisory Committee Secretariat Outline! Long-term Outlook for Consumption! Outlook for /! Developments in World Cotton Trade Fifth Open Session: Cotton

More information

Soybean Oil and Palm Oil Account For An Increasing Share of World Vegetable Oil Consumption

Soybean Oil and Palm Oil Account For An Increasing Share of World Vegetable Oil Consumption United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 01-03 January 2003 Soybean Oil and Palm Oil Account For An Increasing Share of World Vegetable Oil Consumption Percent

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

World coffee consumption increases but prices still low

World coffee consumption increases but prices still low World coffee consumption increases but prices still low The coffee market stabilised slightly in February, but prices remain at very low levels. A lack of news regarding fundamentals with expectations

More information

2017 U.S. DISTILLERS GRAINS EXPORTS

2017 U.S. DISTILLERS GRAINS EXPORTS 217 U.S. DISTILLERS GRAINS EXPORTS 14, Annual U.S. Distillers Grains Exports 12, 12,695 1, 8, 6, 4, 2, 2,358 4,532 5,651 9,5 7,676 7,421 9,67 11,284 11,314 11,77 U.S. exports of distillers grains (DG)

More information

World Dairy Situation. IDF SC DPE, Paris April 11, 2013

World Dairy Situation. IDF SC DPE, Paris April 11, 2013 World Dairy Situation IDF SC DPE, Paris April 11, Current dairy situation Dairy production progressed in 2012 in supplying regions but is now stabilizing, even declining in some countries Export demand

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

DEVELOPMENTS IN STEEL SCRAP IN 2009

DEVELOPMENTS IN STEEL SCRAP IN 2009 DEVELOPMENTS IN STEEL SCRAP IN 2009 AMERICAN SCRAP COALITION WASHINGTON, DC DEVELOPMENTS IN STEEL SCRAP 2009 The year 2009 demonstrated that the United States continues to experience a crisis with respect

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

Corn and Soybean CORN OUTLOOK SOYBEAN OUTLOOK STATISTICS AND ANALYSIS

Corn and Soybean CORN OUTLOOK SOYBEAN OUTLOOK STATISTICS AND ANALYSIS Corn and Soybean CORN OUTLOOK SOYBEAN OUTLOOK STATISTICS AND ANALYSIS CLAL (and its officers, employees and auxiliary persons) shall not be liable to clients, web users or anyone else for any loss or injury

More information

South American Soybean Stocks (Argentina and Brazil) Expected to Increase in 2001/02 to Record Level Despite Record Exports

South American Soybean Stocks (Argentina and Brazil) Expected to Increase in 2001/02 to Record Level Despite Record Exports United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 02-02 February 2002 South American Soybean Stocks (Argentina and Brazil) Expected to Increase in 2001/02 to Record

More information

Overview of the Manganese Industry

Overview of the Manganese Industry 39th Annual Conference Istanbul, Turkey 2013 Overview of the Manganese Industry International Manganese Institute Alberto Saavedra Market Research Manager June, 2013 Introduction Global Production Supply,

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

Steel Market Report. AISI & WSA Data Charts. By Becky E. Hites

Steel Market Report. AISI & WSA Data Charts. By Becky E. Hites Steel Market Report AISI & WSA Data Charts By Becky E. Hites April 4, 2015 Information included in this report is believed to be true and the author has exercised due diligence in obtaining the data from

More information

much better than in As may be seen in Table 1, the futures market prices for the next 12 months

much better than in As may be seen in Table 1, the futures market prices for the next 12 months Dairy Outlook December 2009 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology prices are higher than last month, especially Class IV. The outlook for dairy prices

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

Becoming a Smarter Trader: The Market Impact of the Structure in the Sugar, Coffee, and OJ Markets

Becoming a Smarter Trader: The Market Impact of the Structure in the Sugar, Coffee, and OJ Markets Becoming a Smarter Trader: The Market Impact of the Structure in the Sugar, Coffee, and OJ Markets Judith Ganes March 12 th, 2014 Increasing Reliance on a Few Suppliers for Global Needs Efficiency gains

More information

Global Considerations

Global Considerations What Does Being a Global Player Mean to the U.S. Dairy Sector? Global Considerations 2 1 A Decade of Change $8, 4,5 $7, 4, (Million $) $6, $5, $4, $3, $2, $1, 3,5 3, 2,5 2, 1,5 1, 5 (Million Lbs.) $ 23

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

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

Record exports from Brazil weigh heavy on the coffee market

Record exports from Brazil weigh heavy on the coffee market Record exports from Brazil weigh heavy on the coffee market Coffee exports from Brazil reached a record high of 36.8 million bags in crop year 2014/15 (April to March), fuelled by domestic stocks and encouraged

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

Coffee market remains volatile but lacks direction

Coffee market remains volatile but lacks direction Coffee market remains volatile but lacks direction Prices fluctuated significantly during August, with the ICO composite indicator dropping by 10 cents before jumping back up another 12 cents by the end

More information

Fresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade

Fresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade Million MT United States Department of Agriculture Foreign Agricultural Service December 21 Fresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade 21/11 Forecast: World Apple Trade Declines;

More information

Coffee market recovers slightly from December slump

Coffee market recovers slightly from December slump Coffee market recovers slightly from December slump After reaching its lowest level in 22 months in December 2017, the monthly average of the ICO composite indicator price increased by 1.4% to 115.60 US

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: 11/13/2009

More information

World Palm Oil Imports

World Palm Oil Imports United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 11-03 November 2003 World Palm Oil Imports 20,000 1,000 MT 15,000 10,000 5,000 0 1999/00 2000/01 2001/02 2002/03

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

THE GLOBAL PULSE MARKETS: recent trends and outlook

THE GLOBAL PULSE MARKETS: recent trends and outlook THE GLOBAL PULSE MARKETS: recent trends and outlook CICILS/IPTIC 2004 CONVENTION 10-12 12 June 2004 Beijing, China Boubaker BENBELHASSEN Commodities and Trade Division United Nations Food and Agriculture

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

Dairy Outlook. December By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology

Dairy Outlook. December By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology Dairy Outlook December 2015 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology The Class III market has taken a beating lately as cheese prices have drifted down and

More information

Coffee market ends 2017/18 in surplus

Coffee market ends 2017/18 in surplus Coffee market ends 217/18 in surplus World coffee production in coffee year 217/18 is estimated 5.7% higher at 164.81 million bags as output of Arabica increased by 2.2% to 11.82, and Robusta grew 11.7%

More information

2018/19 expected to be the second year of surplus

2018/19 expected to be the second year of surplus 2018/19 expected to be the second year of surplus Coffee year 2018/19 is expected to be the second consecutive season of surplus, as global output, estimated at 167.47 million bags, exceeds world consumption,

More information

Prices for all coffee groups increased in May

Prices for all coffee groups increased in May Prices for all coffee groups increased in May In May 2018, the ICO composite indicator increased by 0.7% to an average of 113.34 US cents/lb, following three months of declines. Prices for all coffee groups

More information

The Changing Landscape of Dairy: A Regional Outlook. Mark Stephenson Director of Dairy Policy Analysis

The Changing Landscape of Dairy: A Regional Outlook. Mark Stephenson Director of Dairy Policy Analysis The Changing Landscape of Dairy: A Regional Outlook Mark Stephenson Director of Dairy Policy Analysis Millions of Pounds Let s remember when 32,000 30,000 28,000 Wisconsin Annual Milk Production It s the

More information

Outline. o Global Dairy Overview o U.S Milk Production o Dairy Product Production, Stocks, Trade o Outlook 12/7/2016

Outline. o Global Dairy Overview o U.S Milk Production o Dairy Product Production, Stocks, Trade o Outlook 12/7/2016 Outline o Global Dairy Overview o U.S Milk Production o Dairy Product Production, Stocks, Trade o Outlook 2 1 A View From Abroad Germany 1983 2 Germany 1983 Japan 1984 3 Japan 1984 Kobe Cow Calf Show 4

More information

Coffee prices maintain downward trend as 2015/16 production estimates show slight recovery

Coffee prices maintain downward trend as 2015/16 production estimates show slight recovery Coffee prices maintain downward trend as 2015/16 production estimates show slight recovery The coffee market fell again in December 2015, reaching its second lowest monthly average of the year. This decrease

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 1 E MONTHLY COFFEE MARKET REPORT March 2014 Ongoing uncertainty over the Brazilian coffee crop has caused significant fluctuations in coffee prices during March, with monthly volatility of the International

More information

Downward correction as funds respond to increasingly positive supply outlook

Downward correction as funds respond to increasingly positive supply outlook Downward correction as funds respond to increasingly positive supply outlook Coffee prices fell sharply at the end of April as institutional investors sold off their positions. The coffee market continues

More information

Sugar Market Outlook

Sugar Market Outlook Sugar Market Outlook Prepared for The American Sugar Alliance August 2017 11 Embarcadero West, Suite 200, Oakland, CA 94607 510 832 2866 mckeany-flavell.com Copyright 2017 McKeany- Flavell Factors affecting

More information

Outline. o Global Dairy Overview o U.S Milk Production o Dairy Product Production, Stocks, Trade o Outlook. Copyright 2017 Daily Dairy Report, Inc.

Outline. o Global Dairy Overview o U.S Milk Production o Dairy Product Production, Stocks, Trade o Outlook. Copyright 2017 Daily Dairy Report, Inc. Outline o Global Dairy Overview o U.S Milk Production o Dairy Product Production, Stocks, Trade o Outlook 2 Global Milk Production: Select Countries (in billion pounds) In Billion Pounds 21 67 216 333

More information

What Does Being a Global Player Mean to the U.S. Dairy Sector?

What Does Being a Global Player Mean to the U.S. Dairy Sector? What Does Being a Global Player Mean to the U.S. Dairy Sector? Global Considerations Copyright of Daily Dairy Report, Inc. 2 A Decade of Change $8,000 4,500 $7,000 4,000 (Million $) $6,000 $5,000 $4,000

More information

Brazil. Coffee Annual. Coffee

Brazil. Coffee Annual. Coffee 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: 5/7/2015

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: 5/9/2011

More information

China Importing Record Levels of Soybeans

China Importing Record Levels of Soybeans United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 10-03 October 2003 China Importing Record Levels of Soybeans 25,000 20,000 1,000 MT 15,000 10,000 5,000 0 1997/98

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: 5/7/2014

More information

Industry Advisory Panel Item 4c Trade of Stainless Steel Scrap

Industry Advisory Panel Item 4c Trade of Stainless Steel Scrap Industry Advisory Panel Item 4c Trade of Stainless Steel Scrap Lisbon Tuesday 22 April 2008 Sven Tollin Chief Statistician 1 Stainless Steel Waste & Scrap Comparison calendar with Except Kazakhstan only

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

Blow Molding Machine Produced by IAR Team Focus Technology Co., Ltd

Blow Molding Machine Produced by IAR Team Focus Technology Co., Ltd Blow Molding Machine 2012.08 Produced by IAR Team Focus Technology Co., Ltd Contents 1. 2009-2011 Chinese Blow Molding Machines Export Trend Analysis...3 2009-2011 Chinese Blow Molding Machines Export

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

Record Exports for Coffee Year 2016/17

Record Exports for Coffee Year 2016/17 Record Exports for Coffee Year 2016/17 Total exports in September 2017 reached 8.34 million bags, compared to 9.8 million in September 2016. While coffee year 2016/17 registered a decrease in its final

More information

Coffee market ends 2016/17 coffee year in deficit for the third consecutive year

Coffee market ends 2016/17 coffee year in deficit for the third consecutive year Coffee market ends 2016/17 coffee year in deficit for the third consecutive year The ICO composite indicator continued its downward trend that started at the end of August, averaging 124.46 US cents/lb.

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: 5/16/2016

More information

WEEKLY OILSEED REPORT 27 JUNE 2018

WEEKLY OILSEED REPORT 27 JUNE 2018 WEEKLY OILSEED REPORT 27 JUNE 218 Unigrain (Pty) Ltd Tel. No. : +27 11 692 44 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Soybean prices and weekly change (cents/bushel) Currently 2/6/218

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

QUARTERLY REVIEW OF THE PERFORMANCE OF THE DAIRY INDUSTRY 1

QUARTERLY REVIEW OF THE PERFORMANCE OF THE DAIRY INDUSTRY 1 QUARTERLY REVIEW OF THE PERFORMANCE OF THE DAIRY INDUSTRY 1 The information in this document is from sources deemed to be correct. Milk SA, the MPO and SAMPRO are not responsible for the results of any

More information

Chinese Peanut Exports Hit Record High

Chinese Peanut Exports Hit Record High United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 04-03 April 2003 Chinese Peanut Exports Hit Record High 600 500,000 MT 400 China US 300 Vietnam Argentina 200 India

More information

Sugar scenario in CIS countries:

Sugar scenario in CIS countries: Sugar scenario in CIS countries: on the way to self-sufficiency Andrey Bodin Eurasian Sugar Association Commonwealth of Independent States (CIS) consists of 11 countries CIS Moldova Belarus Population

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

U.S. Oilseeds and Products Imports Rise Significantly in FY 2004

U.S. Oilseeds and Products Imports Rise Significantly in FY 2004 United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 1-05 January 2005 U.S. Oilseeds and Products Imports Rise Significantly in FY 2004 2.5 2 Billion Dollars 1.5 1 0.5

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

South American Soybeans Continue to Gain World Market Share

South American Soybeans Continue to Gain World Market Share United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 01-04 January 2004 South American Soybeans Continue to Gain World Market Share Percent 70 60 50 40 30 20 10 S. Amer

More information

China s Export of Key Products of Pharmaceutical Raw Materials

China s Export of Key Products of Pharmaceutical Raw Materials China s Export of Key Products of Pharmaceutical Raw Materials During the period of the 62nd API China& INTERPHEX CHINA, China Pharmaceutical Industry Association released its annual Report on Analysis

More information

World Cocoa Prices. Commodity Prices Update: Coffee, Cocoa, and Cotton. Joelle Cook and Professor C. Leigh Anderson

World Cocoa Prices. Commodity Prices Update: Coffee, Cocoa, and Cotton. Joelle Cook and Professor C. Leigh Anderson SDR per tonne Commodity Prices Update: Coffee, Cocoa, and Cotton Joelle Cook and Professor C. Leigh Anderson Prepared for the Agricultural Policy and Statistics Division of the Bill and Melinda Gates Foundation

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

Sugar and Sweeteners Outlook

Sugar and Sweeteners Outlook Economic Research Service Situation and Outlook SSS-M-312 August 18, 2014 Sugar and Sweeteners Outlook Stephanie Riche, coordinator smriche@ers.usda.gov Stephen Haley, contributor shaley@oce.usda.gov NAFTA

More information

U.S. Imports of Soybeans, Meal, and Oil

U.S. Imports of Soybeans, Meal, and Oil United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 03-04 March 2004 U.S. Imports of Soybeans, Meal, and Oil 1,000 MT 450 400 350 300 250 200 150 100 50 0 '99/00 '00/01

More information

Monthly Economic Letter U.S. and Global Market Fundamentals

Monthly Economic Letter U.S. and Global Market Fundamentals Monthly Economic Letter U.S. and Global Market Fundamentals August 2012 www.cottoninc.com After trading within relatively narrow bands throughout July, New York futures moved higher in early August, with

More information

Strong U.S. Soybean Exports to Date Should Lead to Marketing Year Record

Strong U.S. Soybean Exports to Date Should Lead to Marketing Year Record United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 04-01 April 2001 Strong U.S. Soybean Exports to Date Should Lead to Marketing Year Record U.S. Soybean Exports to

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

MMT / / / / / /05* *Forecast. United States Department of Agriculture. Foreign Agricultural Service

MMT / / / / / /05* *Forecast. United States Department of Agriculture. Foreign Agricultural Service United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 12-04 December 2004 Brazilian Soybean Exports Revised Higher in 2003/04, Gain in U.S. Dominated Markets Brazil s

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

WEEKLY MAIZE REPORT 30 OCTOBER 2018

WEEKLY MAIZE REPORT 30 OCTOBER 2018 WEEKLY MAIZE REPORT 30 OCTOBER 2018 Unigrain (Pty) Ltd Tel. No. : +27 11 692 4400 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Maize prices and weekly changes (cents/bushel) Currently 23/10/2018

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

WEEKLY MAIZE REPORT 11 JULY 2018

WEEKLY MAIZE REPORT 11 JULY 2018 28 29 21 211 212 213 214 215 216 217 218 WEEKLY MAIZE REPORT 11 JULY 218 Unigrain (Pty) Ltd Tel. No. : +27 11 692 44 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Maize prices and weekly

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

Commodity Profile of Edible Oil for November

Commodity Profile of Edible Oil for November Commodity Profile of Edible Oil for November - 2017 As on 20.11.2017 Contents 1. Edible Oil estimates for India ( marketing year- November 2016- October 2017)... 2 2. Production Trend of Domestic Oilseeds...

More information

MONTHLY COFFEE MARKET REPORT

MONTHLY COFFEE MARKET REPORT E MONTHLY COFFEE MARKET REPORT May 2014 After five consecutive months of rising prices, the coffee market reversed lower in May. From a high of 179 cents/lb in April, the daily price of the ICO composite

More information

Import Export of fresh fruit & vegetables 2007

Import Export of fresh fruit & vegetables 2007 Import Export of fresh fruit & vegetables 2007 Prepared by: Luan Hoti Pristina, March 2008 Project financed by the Swiss and Danish governments Intercooperation: Imports & Exports of fresh fruits and vegetables

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

Volatility returns to the coffee market as prices stay low

Volatility returns to the coffee market as prices stay low Volatility returns to the coffee market as prices stay low Daily coffee prices hit their lowest level in 19 months during August, as commodity markets worldwide were negatively affected by currency movements

More information

VIETNAMESE COFFEE REPORT

VIETNAMESE COFFEE REPORT VIETNAMESE COFFEE REPORT Hanoi, November 2016 Coffee is one of Vietnam's most important agricultural exports, second only to rice about export turnover. Vietnam still remains the world s biggest exporter

More information

Presentation from the USDA Agricultural Outlook Forum 2017

Presentation from the USDA Agricultural Outlook Forum 2017 Presentation from the USDA Agricultural Outlook Forum 2017 United States Department of Agriculture 93 rd Annual Agricultural Outlook Forum A New Horizon: The Future of Agriculture February 23-24, 2017

More information

India: Soybean Oil Forecast to Gain Larger Share of Import Market in 2004/05

India: Soybean Oil Forecast to Gain Larger Share of Import Market in 2004/05 United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 3-5 March 25 India: Soybean Oil Forecast to Gain Larger Share of Import Market in 8 Percentage 6 4 2 2/1 21/2 22/3

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

Soybean Exports Top 66 MMT in 2005/06

Soybean Exports Top 66 MMT in 2005/06 United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 6-05 June 2005 Soybean Exports Top 66 MMT in 2005/06 35 30 Major Exporters Major Importers 25 MMT 20 15 10 5 0 Argentina

More information

2007 Sonoma Research Associates - All rights reserved.

2007 Sonoma Research Associates - All rights reserved. 2007 Sonoma Research Associates - All rights reserved. Practical Applications of the Price Elasticity of Demand Presented by Dan Karnowsky, President Sonoma Research Associates Presented at Competitive

More information

Fresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade

Fresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade United States Department of Agriculture Foreign Agricultural Service Fresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade 9 1, MT Deciduous Fruit on Seasonal Cycles 6 Northern Hemisphere

More information

Jim Horvath President and Chief Executive Officer

Jim Horvath President and Chief Executive Officer Changes and Challenges in the Sugar Industry Jim Horvath President and Chief Executive Officer American Crystal Sugar Company Bloomquist Lecture Series Al s Name Is Synonymous With Progressive Beet Sugar

More information

Sugar and Sweeteners Outlook

Sugar and Sweeteners Outlook Economic Research Service Situation and Outlook SSS-M-299 July 17, 2013 Sugar and Sweeteners Outlook Stephen Haley, coordinator shaley@ers.usda.gov Andy Jerardo ajerardo@ers.usda.gov U.S. Sugar July 2013

More information

WEEKLY OILSEED REPORT 31 OCTOBER 2018

WEEKLY OILSEED REPORT 31 OCTOBER 2018 WEEKLY OILSEED REPORT 31 OCTOBER 218 Unigrain (Pty) Ltd Tel. No. : +27 11 692 44 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Soybean prices and weekly change (cents/bushel) Currently 24/1/218

More information

WEEKLY MAIZE REPORT 06 FEBRUARY 2019

WEEKLY MAIZE REPORT 06 FEBRUARY 2019 WEEKLY MAIZE REPORT 06 FEBRUARY 2019 Unigrain (Pty) Ltd Tel. No. : +27 11 692 4400 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Maize prices and weekly changes (cents/bushel) Currently

More information

World Soybean Stocks Rise Sharply

World Soybean Stocks Rise Sharply United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 08-04 August 2004 World Soybean Stocks Rise Sharply Million Tons 50 40 World Stocks U.S. Stocks Brazil Stocks 50

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

Sugar and Sweeteners Outlook

Sugar and Sweeteners Outlook United States Department of Agriculture SSS-M-283 Electronic Outlook Report from the www.ers.usda.gov Sugar and Sweeteners Outlook Mar. 14, 2012 Stephen Haley, coordinator shaley@ers.usda.gov NAFTA Sugar

More information