The Sugar Buyer's Guide
To help you get ready for the 2023 sugar campaign season, we’ve pinpointed four significant challenges sugar buyers are facing and provided tips on how to overcome them with the help of Vesper.
Boost negotiation
Save costs
Improve timing
Get ready for the 2023 sugar campaign season with this guide
Sugar buyers may find it difficult to source sugar at a fair price due to the lack of transparency in the market, the influence of major producers on pricing, import quotas, and constantly changing regulations in place.
Our guide helps you answer questions like:
- What is the current benchmark price of sugar in a specific country or region?
- Why have sugar prices been increasing/decreasing lately?
- What factors affect sugar prices?
- What is the forecast for sugar prices in the near future?
- How do weather patterns or natural disasters affect sugar prices?
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Every week, I look at the Vesper Price Index (VPI), and I can observe if we’re still aligned with the market or if we have to change anything in our pricing strategy.
Kristian Kabel
- Head of Sales at
- Lactoprot Germany
Vesper is an excellent benchmark for buyers to double-check whether the quotes they get represent the market.
Yue Li
- Market Intelligence Manager at
- Danone
Vesper really changed the marketplace by providing a one-stop-shop hub of information.
Dale Mills Jr.
- Vice President of Sales at
- Dairy Farmers of America
Once you start using Vesper on a daily/weekly basis, then you can really see the value that it brings to the point where you start canceling all of your other subscriptions and just focus on having Vesper as your homepage.
Huey van Vliet
- Sales Manager at
- Fonterra Europe
Because dairy prices fluctuate, understanding the data and making smart decisions has become tricky. By providing transparent data, Vesper helps me improve my negotiation skills and increase our company’s margins.
Kiruba Tinakararajan
- Business Development Manager at
- Uno Nutrition
I like the user-friendliness and the ability to see all the relevant market data and forecasts in a simple dashboard.
Huey van Vliet
- Sales Manager at
- Fonterra Europe
I compare my purchasing budget with the latest prices displayed in the Forward VPI to make the best hedging decisions.
Ricardo Arellano
- Risk Manager at
- Oleofinos
Vesper enhances our understanding of the EU and Oceania, filling any knowledge gaps and providing insights.
Dale Mills
- Jr. VP of Sales at
- DFA
Vesper's calculations forecasted market supply, aiding us in explaining price establishment to our customers in advance.
Ewald Bontje
- Owner at
- Grozette