Brazil’s president Michel Temer signed RenovaBio into law on 26 December 2017. RenovaBio is a government programme designed to stimulate biofuel production and use in Brazil in order to help meet the country’s commitment to reduce greenhouse gas emissions under the Paris Agreement.Read more
The past quarter has seen little change in the underlying fundamentals of the world sugar market. Northern Hemisphere cane harvests are underway, Northern Hemisphere beet harvests are winding down, as is Centre/South Brazil’s harvest. There have been no wild deviations from earlier expectations as far as output is concerned, and the 2017/18 international crop year remains on track for a surplus that Rabobank currently pegs at 4.3 million tonnes raw value.Read more
In this fifth and last article in our series “EU Sugar Shake-Up”, we will look more closely at the new price dynamics that will occur as a consequence of the reform. Whereas pre-reform the bloc’s price moved fairly independently from the global price, in the new market correlation with the global price, it will increase significantly. Moreover, other price influencers will enter the market as well. The question is: how can market participants deal with this new reality?Read more
In response to the WTO’s allegation of Thailand’s subsidy on exports through a...