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

Size: px
Start display at page:

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

Transcription

1 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

2 OUTLOOK FOR MEXICO AS A SUPPLIER OF SUGAR TO THE U.S. FEBRERO, 2012

3 INDEX I. Sugar Outlook II. III. Mexico leading sugar producer with a large Sweetener Market North American Regional Market a Reality: a) Mexican Sweetener Market b) U.S. Sweetener Market c) U.S. and Mexico Sweetener Market IV. Mexico: Sugar Balance 2010/11 marketing year, and Projection 2011/12 V. Striving for Competitiveness, changes in the Mexican Sugar Industry VI. A sugar policy for México 2

4 I. Sugar Outlook DEMAND GROWTH - Global sugar demand will increase to 257mmtrv by mmtrv - increase - Growth is driven primarily by the emerging economies. - Growth in consumption is around 1.3% higher than the growth in population and reflects that consumption per capita rises as countries develop. SUPPLY GROWTH - Over the last 20 years sugar production has risen by 44% to 157mmtrv - The sugar industry is becoming quite concentrated; 10 biggest suppliers account for 60% of production and exports. - Brazil alone accounts for 60% of global exports. Dependence on Brazilian sugar will continue to grow. - Improvements in productivity could result in growth of 45mmtrv and there will be a need on the supply side of 45mmtrv primarily from Brazil. - Sugar consumer will need to adjust to higher prices.

5 I. Sugar Outlook Brazilian Case - The operational cost of sugar production is forecast to rise to over 35c/lb over the next 20 years. An increase of mare than 85%. - Agricultural costs biggest cost component (60% of total) will double in the next 20 years as a result of higher land, input and labor costs. - Logistic cost will also double in the next 20 years. CAPEX - Total additional land requirements to meet the growth in global sugar and domestic ethanol demand is 9.17 m hectares. Land under cane cultivation will double. - Factory capacity will have to be upgraded and in addition, a total of 173 new Greenfield units will be required bn tons of additional cane crushed will require an investment of approximately US$340bn over this period. - There is an optimistic growth target of 2.2bn tons of cane dependant on the ethanol market that would require US$490bn in CAPEX.

6 1,418 1,635 1,717 3,838 4,025 4,068 4,214 4,535 4,578 4,920 4,897 4,823 5,032 4,672 4,568 4,958 4,354 3,950 3,904 4,301 4,528 4,569 4,774 5,125 4,919 5,095 5,138 5,286 5,689 5,380 5,341 5,622 5,772 5,585 5,621 II. Mexico leading sugar producer with a large Sweetener Market 40,502 Mexico: World's Sixth Leading Sugar Producer Cycle 2010/2011 Metric tons, raw value Mexico: World's Ninth Leading Sugar Consumer Cycle 2010/2011 Metric tons, raw value 25,540 26,522 Total World Production: 167,738 16,140 13,200 9,950 Total World Comsuption: 167,635 11,005 7,949 7,113 4,971 4,083 3,967 3,913 3,527 5,978 5,543 4,348 3,516 3,497 3,000 Brazil India China Thailand USA Mexico Australia France Pakistan Germany Source: CZARNIIKOW SUGAR REVIEW, August India China Brazil USA Russia Indonesia Pakistan Germany Mexico Thailand Source: CZARNIIKOW SUGAR REVIEW, August ,000 Mexican market: Sugar and HFCS Consumption Thousand Metric Tons 6,000 5,000 4,000 3,000 2,000 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 10/11 Proj. 11/ HFCS, dry weight Sugar

7 3,266 3,910 3,559 3,529 4,048 3,984 3,838 4,025 4,068 3,950 3,904 4,214 4,034 3,951 4,077 4,037 4,535 4,354 4,578 4,275 4,406 4,920 4,897 4,823 4,672 4,568 4,543 5,032 4,958 4,699 4,696 4,924 4,872 4,928 5,174 5,024 5,796 4,962 4,826 5,282 5,314 5,184 5,099 5,521 6,000 II. Mexico leading sugar producer with a large Sweetener Market Mexican Sugar: Production and Consumption Thousand, Metrics Tons 5,500 5,000 4,500 4,000 3,500 3,000 Production Consumption 1,600 1,518 México: Export - Import 1,499 1,400 1,200 1,111 1,281 1,338 1, Source: CNIAA Exports Imports

8 III. North American Regional Market a Reality US SWEETENER INDUSTRY North American Sweetener market fully integrated. Since the market opened: Mexico has exported more than 2,9 millions sugar tons to U.S. Mexico has imported around 2,6 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. S. M. Naranjo El Higo 04 Zapoapita Tala 63 Plan de San Luis Santa Clara Independencia Tamazula Atencingo Quesería Pedernales Casasano Calipam Sta. Rosalía La Joya. Mexico is a reliable supplier in the integrated North American Regional Market. L. Cárdenas E. Zapata P. Machado B. Juárez El Refugio Azsuremex A. L. Mateos Pujiltic 7 Huixtla

9 22,218 22,218 34,794 34,794 72,704 72, ,886 5,915 96,061 96, , ,558 82, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,590 1,192,261 1,417,710 1,635,114 III. North American Regional Market a Reality a) Mexican Sweetener Market Mexico: Production, imports and national consumption of HFCS, Marketing years 1991/92 to 2011/12 (projected) (Metric Tons, dry weight) 2,000,000 1,800,000 1,717,000 1,600,000 1,400,000 1,200,000 20% tax to soft drinks sweetened with sweeteners different to cane sugar. 1,275,000 1,000, , , , ,000 0 Period without domestic production , ,935 Antidumping investigation against HFCS 224, , ,997 5, , , ,207 Substitution of sugar due to lower HFCS prices Domestic Production Imports National Consumption Source: CNIAA 8

10 III. North American Regional Market a Reality a) Mexican Sweetener Market HFCS Imports and Production, cycles 2009/2010, 2010/2011 and 2011/12 Metric tons, dry weight In the cycle 2010/2011 Mexico imported 1,192,261 metric tons dry weight, 22% up that in the same period last cycle. In this cycle 2011/2012 will remain the same levels of imports. 1,417,710 Metric tons 975,034 Domestic Consumption 1,635,114 Metric tons Domestic Consumption 1,192,261 1,275, , , ,000 09/10 10/11 Proj. 11/12 1,717,000 Metric tons Imports Production The production estimated of HFCS in cycle 2011/2012, will increase less 1%. 9

11 96,124 97,879 92,761 95, , , , , , , , , , , , , , , , , , , , , , , , , , , , ,417 III. North American Regional Market a Reality a) Mexican Sweetener Market HFCS consumption, from Oct-09 to Jan-12 Metric tons, dry weight 180, , , , ,000 80,000 60,000 40,000 20,000 - Source: CNIAA 10

12 III. North American Regional Market a Reality b) USA Sweetener Market 16,500 16,000 15,500 15,000 14,500 14,000 13,500 13,000 12,500 15,349 15,314 14,037 U.S and Mexico Sugar: Combined Production plus Minimum of U.S. Imports and combined Consumption Thousand Metric Tons, raw value 14,985 14,271 13,113 15,278 14,909 13,699 15,703 15,854 15,412 15,326 15,586 15,633 14,025 14,078 13,045 15,755 15,324 14,131 15,794 15,414 14,059 16,048 14,248 12,841 15,977 15,633 13,126 Combined Consumption 15,772 15,191 Combined Production + Imports 13,383 Combined Production 15,754 15,342 13,600 12,000 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 Proj. 11/12 Sources: U.S., USDA and México,CONADESUCA Source: USDA, 2010/2011 forecast 11

13 Equivalent in million short tons, raw value III. North American Regional Market a Reality b) USA Sweetener Market From its peak in 2002, total HFCS domestic demand through 2011 fell 18.8 percent HFCS domestic demand Fiscal Year Source: USDA 12

14 III. North American Regional Market a Reality c) U.S. and Mexico Sweetener Market México and U.S.: Behaviour of prices under NAFTA FOB Sugar mill price Oct'09 - Feb'12: México (SNIIM satandard and refined) and U.S. (C-16 and Sugar Beet Midwest) (Equivalence in mexican for 50 Kg bag) Ciomercial Year 09/10 Comercial Year 10/11 C. Year 11/12 Midwest Beet EUA, Price SNIIM Refined Sugar, Price SNIIM Estándar Sugar, Price C-16 EUA, Source: Sugar Beet Midwest Milling and Baking News C-16 ICE (IntercontinentalExchange): and Sugar Mexican Prices standard and refined SNIIM 13

15 IV. Mexico: Sweeteners Balance Estimated Sweetener Balance (thousands of metric tons.) Commercial year Concept 2009/ / /12 (Estimate) Begining Stocks (sugar) Sugar Production 4,826 5,184 5,099 Import quota HFCS production HFCS imports 975 1,192 1,275 Total Sweeteners Supply 7,462 7,868 7,820 Sugar Exports 751 1,499 1,338 NAFTA 664 1,370 1,193 World Market IMMEX HFCS exports Total Sugar Consumption 4,354 3,950 3,904 Sugar Mills Domestic Sales 3,744 3,843 3,685 Import Consumption HFCS Consumption 1,418 1,635 1,717 Total Sweeteners Demand 6,544 7,108 6,983 Sugar Ending Stocks Strategic Reserve Sweeteners Consumption = Domestic Sugar sales plus sugar import and 5,772 5,585 5,620 HFCS Consumption Source: CNIAA 14

16 Prices V Striving for Competitiveness, changes in the Mexican Sugar Industry Before High volatility Now NAFTA market opened since January 2008 Sugar prices in line with US prices Effective price floor based on the US Farm Bill Expected stability in prices going forward Demand Sugarcane price Land Energy Internal demand and insignificant exports to the U.S. Exports to the world market Limited use of HSCF Annual negotiations to determine price Based on past price differential Governmental referee between parties No agreements to incentivize vertical integration into sugarcane land Ambiguity in land ownership/leasing No alternative energy generation allowed for sale to third parties Unlimited access to US market Increased usage of HSCF Investments in higher production capacity in mills and fields Price based on current year sugar market prices Aligned interests between growers & producers Well defined and transparent formula Agreement with government and sugarcane growers creates incentives to invest in land Sugarcane land projects increase mills capacity utilization Land operation clearly stated in agreements with sugarcane growers Sugarcane considered renewal and intermittent source Alternative energy allowed through cogeneration For auto consumption and sale to third parties through CFE grid Clear rules for transmission costs Ethanol Bio Energy Law in place; mid to long term reality Labor Inflexible labor contracts 70 strikes in 80 years Flexible labor contract New labor relationship in place 15

17 VI A sugar policy for México Date of publication 06-agu sep sep feb oct jun oct-11 Total Total Total Validity of the quota 31-dec dec dec jun apr dec jan-12 Allocation scheme Public Bid Public Bid Direct allocation Public Bid Public Bid Public Bid Public Bid Posted amount ( TM ) 393, , , , , , , , , ,000 Assigned amount ( TM ) 550, , , , , , ,800 % of allocation 61% 75% 100% 82% 71% 100% 85% Imported volume 395, ,359 68, ,137 84, , ,971 % import 44% 74% 69% 73% 57% 100% 78% Weighted cost of quota 1, Total imported sugar 884,597 16

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

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 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

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

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

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

CHAPTER 6 COMPARISON BETWEEN THE SUGAR INDUSTRY OF INDIA, BRAZIL, EUROPEAN UNION, THAILAND AND AUSTRALIA

CHAPTER 6 COMPARISON BETWEEN THE SUGAR INDUSTRY OF INDIA, BRAZIL, EUROPEAN UNION, THAILAND AND AUSTRALIA CHAPTER 6 COMPARISON BETWEEN THE SUGAR INDUSTRY OF INDIA, BRAZIL, EUROPEAN UNION, THAILAND AND AUSTRALIA CHAPTER 6 COMPARISON BETWEEN THE SUGAR INDUSTRY OF INDIA, BRAZIL, EUROPEAN UNION, THAILAND AND AUSTRALIA

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

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

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

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

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

Consistently higher production and more exportable supplies from Thailand are major factors in the decline in world rice prices in 2014 and continued

Consistently higher production and more exportable supplies from Thailand are major factors in the decline in world rice prices in 2014 and continued Rice Consistently higher production and more exportable supplies from Thailand are major factors in the decline in world rice prices in 2014 and continued lower levels over the next ten years. Part of

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

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

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

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

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

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

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

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

China s Corn Processing Industry: Its Future Development and Implications for World Trade

China s Corn Processing Industry: Its Future Development and Implications for World Trade China s Corn Processing Industry: Its Future Development and Implications for World Trade Prepared by National Grain & Oils Information Center,China XiaoHui Wang April, 2007 Agriculture Production - No.

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

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

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

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

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

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

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

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

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

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

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

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: 5/7/2014

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

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

Dairy Market. April 2016

Dairy Market. April 2016 Dairy Market Dairy Management Inc. R E P O R T Volume 19 No. 4 April 2016 DMI NMPF Overview Dairy market developments during the first part of April brought slight improvements in the outlook for milk

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

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

Chile. Tree Nuts Annual. Almonds and Walnuts Annual Report

Chile. Tree Nuts Annual. Almonds and Walnuts Annual Report 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

Dairy Market. Overview. Commercial Use of Dairy Products

Dairy Market. Overview. Commercial Use of Dairy Products Dairy Market Dairy Management Inc. R E P O R T Volume 21 No. 6 June 2018 DMI NMPF Overview U.S. dairy markets received a one-two punch during the first weeks of June in the form of collateral damage from

More information

January 2015 WORLD GRAPE MARKET SUPPLY, DEMAND AND FORECAST

January 2015 WORLD GRAPE MARKET SUPPLY, DEMAND AND FORECAST January 2015 WORLD GRAPE MARKET SUPPLY, DEMAND AND FORECAST Table of Contents Executive Summary... 4 1. VARIETIES OF GRAPES... 6 1.1. White table grapes... 6 1.2. Red table grapes... 6 2. WORLD DEMAND

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

The evolving future of the sugar industry. José Orive, Executive Director International Sugar Organization

The evolving future of the sugar industry. José Orive, Executive Director International Sugar Organization The evolving future of the sugar industry José Orive, Executive Director International Sugar Organization 21 st Century Tectonic Shifts in the World Sugar Economy inter alia since 2001 world production

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

Economic Role of Maize in Thailand

Economic Role of Maize in Thailand Economic Role of Maize in Thailand Hnin Ei Win Center for Applied Economics Research Thailand INTRODUCTION Maize is an important agricultural product in Thailand which is being used for both food and feed

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

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

PHILIPPINES. 1. Market Trends: Import Items Change in % Major Sources in %

PHILIPPINES. 1. Market Trends: Import Items Change in % Major Sources in % PHILIPPINES A. MARKET OF FRESH FRUITS & VEGETABLES 1. Market Trends: Import Items 2003 2007 Change in % Major Sources in % Value Quantity Value Quantity Value Quantity USD '000 Tons USD '000 Tons Grapes

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

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

Coffee Market Outlook

Coffee Market Outlook Coffee Market Outlook 15 th Asia International Coffee Conference Ho Chi Minh City, Vietnam 7-9 December 2009 Néstor Osorio Executive Director ICO composite indicator price Monthly: January 2000 to November

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

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

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

Guatemala. Sugar Annual Guatemala Sugar Annual

Guatemala. Sugar Annual Guatemala Sugar Annual 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

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

Philippines. Sugar Annual. Situation and Outlook

Philippines. Sugar Annual. Situation and Outlook 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

World sugar market. Platts/Kingsman EU conference Geneva 14th of April Benoît Boisleux

World sugar market. Platts/Kingsman EU conference Geneva 14th of April Benoît Boisleux World sugar market Platts/Kingsman EU conference Geneva 14th of April 215 Benoît Boisleux One year evolution of world prices NY 11 (2 nd month continuation) Cts/lb 2 Kingsman EU conf 8 April 214 NY 2nd

More information

Jamaica. Sugar Annual. Jamaica & Dep Sugar Annual 2011

Jamaica. Sugar Annual. Jamaica & Dep Sugar Annual 2011 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: 7/21/2011

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

Outlook for Global Recovered Paper Markets. Global OCC Market. Global ONP Market RISI. Hannah Zhao, Economist, Recovered Paper October 2012

Outlook for Global Recovered Paper Markets. Global OCC Market. Global ONP Market RISI. Hannah Zhao, Economist, Recovered Paper October 2012 Outlook for Global Recovered Paper Markets Hannah Zhao, Economist, Recovered Paper October 212 Global OCC Market $28 $24 $2 $16 US$ per Tonne % 6 55 5 $12 $8 US West Export (FAS) N. German Export (FAS)

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

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

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

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

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

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

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

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

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

Monthly Economic Letter

Monthly Economic Letter Monthly Economic Letter Cotton Market Fundamentals & Price Outlook RECENT PRICE MOVEMENT After falling in the days surrounding the release of last month s USDA report, NY futures and the A Index were mostly

More information

Dairy Market. May 2016

Dairy Market. May 2016 Dairy Market R E P O R T Volume 19 No. 5 May 2016 DMI NMPF Overview Increased production per cow and expectations for additional milk production growth is dampening the outlook for milk prices for the

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

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

KARVY Commodities Research. Sugar Getz Sweeter. Sugar price to reach Rs.2250 in May. Factors influencing price spurt

KARVY Commodities Research. Sugar Getz Sweeter. Sugar price to reach Rs.2250 in May. Factors influencing price spurt KARVY Commodities Research Sugar Getz Sweeter Sugar price to reach Rs.2250 in May. Factors influencing price spurt Summer can bring demand for sweetener Anticipation of more export orders to Pakistan Tight

More information

Monthly Economic Letter

Monthly Economic Letter Monthly Economic Letter Cotton Market Fundamentals & Price Outlook RECENT PRICE MOVEMENT NY futures experienced volatility recently, with the net effect being a slight increase in prices. The A Index also

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 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

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

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

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

Networkers Business Update. December 2014

Networkers Business Update. December 2014 Networkers Business Update December 2014 Agenda Forecast Milk Price Global markets V3 Strategy Growing our share of New Zealand milk Page 2 Forecast Milk Price 110 100 2012/13 2013/14 2014/15 Forecast

More information

Indonesia. Sugar Annual. Indonesia Sugar Annual Report 2013

Indonesia. Sugar Annual. Indonesia Sugar Annual Report 2013 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

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 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

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

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

Agriculture and Food Authority

Agriculture and Food Authority Agriculture and Food Authority Presentation by: SOLOMON ODERA Interim Head of Sugar Directorate Agriculture and Food Authority November, 2017 KENYA SUGARCANE INDUSTRY OUTLINE 1) Introduction 2) Kenyan

More information

THE OUTLOOK FOR METAL CANS 2014 EDITION TABLE OF CONTENTS

THE OUTLOOK FOR METAL CANS 2014 EDITION TABLE OF CONTENTS EXECUTIVE SUMMARY... ES-1 I. INTRODUCTION... 1 The Global Packaging Industry... 1 Metal Can Categories... 2 A Brief History of Metal Cans... 5 Major Developments and Trends... 6 Market Saturation... 7

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

Forecast of China s Sugar Market

Forecast of China s Sugar Market 2013 World Agricultural Outlook Conference Forecast of China s Sugar Market Xue Xu 徐雪 Research Center for Rural Economy xuxuercre@sina.com 7 June, 2013 2013/6/9 2 Key Messages 1. China s sugar production

More information

Dairy Market. May 2017

Dairy Market. May 2017 Dairy Market Dairy Management Inc. R E P O R T Volume 20 No. 4 May 2017 DMI NMPF Overview The rate of milk production growth began to moderate during the first quarter, but additional milk production continues

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

Mr. Narendra Murkumbi Managing Director, Shree Renuka Sugars Ltd

Mr. Narendra Murkumbi Managing Director, Shree Renuka Sugars Ltd Sustainable Pricing Policy for Sugarcane Mr. Narendra Murkumbi Managing Director, Shree Renuka Sugars Ltd Agenda 2 Dr Rangrajan Committee report India policy India, Maharashtra, Karnataka International

More information

World Scenario: Oilseed Production

World Scenario: Oilseed Production World Scenario: Oilseed Production Commodity 13/14 (Million Ton) 16/17 (Million Ton) Soybean 280.3 352 Sunflower seed 43.6 48.22 Rapeseed 69.6 63.13 Cotton Seed 44.4 39.52 Groundnuts 28.4 30.32 Palm-kernal

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