Global Sugar End of Year Report
This comprehensive report offers insights into the global sugar market, exploring historical developments within major sugar-producing regions like Brazil, India, and Europe within the 2022/2023 campaign.
It delves into potential factors that could impact the market in 2024, giving you a clear understanding of the current landscape and what lies ahead.
What to expect from the report
From regional fluctuations to macro forces influencing global trade and price dynamics, this report aims to provide a clear understanding of the drivers shaping the sugar industry, with a particular focus on the influence of past trends on the future of the sugar market.
What happened in 2023?
- The sugar market in India faced unique challenges due to the lowest monsoon rainfall since 2018.
- The EU has displayed a remarkable shift in its sugar trade dynamics, importing 730% more sugar from Ukraine.
- August marked Brazil’s most substantial month for sugar exports since October 2020.
- Fierce competition at the Santos and Paranaguá ports in Brazil, primarily with grains, resulted in a 16-day wait for port berths in October.
- Brent Crude oil prices fluctuated between 65.37 and 74.39 USD per barrel, introducing an additional layer of volatility to the sugar market.
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Vesper, vespertool.com, is a commodity intelligence platform that transforms difficult-to-understand data into easy-to-digest intelligence and actionable insights, enabling users to back their decisions with facts. The insights provided by our market analysts in this report are backed-up by Vesper’s real-time and difficult to find data.
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