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Sugar World Markets and Trade of November 17, 2017

Sugar World Markets and Trade, Commodity reports

Sugar World Markets and Trade, Commodity reportsThe Sugar World Markets and Trade is a biannual report, published in May and November, includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in sugar.

The Sugar World Markets and Trade is issued by United States Department of Agriculture (USDA), more precisely, by FAS. The Foreign Agricultural Service (FAS) works to improve foreign market access for U.S. products, build new markets, improve the competitive position of U.S. agriculture in the global marketplace and provide food aid and technical assistance to foreign countries.

FAS has the primary responsibility for USDA's international activities market development, trade agreements and negotiations, and the collection and analysis of statistics and market information. It also administers USDA's export credit guarantee and food aid programs.

Record global production spurs record consumption as reported in Sugar World Markets and Trade on Friday, November 17, 2017. You can download the full report in pdf format below at the end of the article.

Global production for Marketing Year (MY) 2017/18 is forecast to rise 13 million tons (raw value) to a record 185 million, up from USDA’s initial forecast in May. If reached, production would be 20 million tons higher than the 5-year low just 2 years earlier.

Record production in Brazil expected recoveries in output in India and Thailand due to favourable weather, the end of production quotas in the European Union (EU), and area expansion in China are all contributing factors. The jump in production supports record exports and consumption at 62 million and 174 million tons, respectively. Ending stocks are forecast up 5 percent as higher stocks in the EU and India more than offset lower stocks in China.

If you are interested, you can find all the previous Sugar World Markets and Trade reports on the United States Department of Agriculture (USDA) website. You can also read all the last important Commodity Reports.

pdf, format, file, download Report November 17, 2017

Seasonalgo, seasonal trading, spread trading, commodity market

 

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