Sugar
Global deficit in 2015/16 estimated higher at 6.7 mln tonnes
World output to decrease by 7.3 mln tonnes in the current season
Higher output is Brazil cannot compensate poor crops in Asia
World consumption to grow by 1.83% or 3.1 mln tonnes
Tight trade balance
Increased volatility in world market prices
Global statistical deficit to continue in 2016/17
Special Focus - Have low crude oil prices changed the fortunes of the ethanol industry?
Fuel ethanol production expands despite decade-low oil prices
But profitability dips amid competitive gasoline prices
Commodity Prices
Price for most products expected to fall in 2016…
…but oil prices could rebound as oversupply begins to recede
World Fuel Ethanol
Mandated inclusion drives global rise in output and use
US market saturated and producers face slim margins
Brazilian output to contract slightly
Continuing low gasoline prices limit discretionary blending
Global trade to contract in 2016
Bioplastics and Biochemicals
Bio-polypropylene market value expected to exceed USD40 mln by 2022
Coca-Cola calls for regulatory changes to encourage development of renewable materials
Cogeneration
Brazil’s cogeneration continues to growth
India’s biomass-based cogeneration capacity expands to 4,831 MW
Alternative Sweeteners
US HFCS offtake to contract further
New stevia plant boasts high levels of Reb M
European authority to conduct new assessment of sucralose’s safety
Molasses
Prices unlikely to rise
Lower production and availability in key Asian exporters…
…but poor competitiveness against grains in livestock feed constrains demand
WTO Update
Brazil launches complaint against Thailand’s sugar policy
RTAs
EU-MERCOSUR talks continue
EU-Canada trade deal ratification this year?
EU grants Vietnam sugar access
Executive Brief World Sugar Market World Balance Supply Production Brief(16)02 – Mid-term Review Export Availability Demand Consumption Imports Demand Brief(16)03 – Trade Balance for Raw and White Sugar World Market Events and Prices Currency Movements Domestic Markets and Prices Brief(16)04 – Sugar Policy Developments Special Focus - Have low crude oil prices changed the fortunes of the ethanol industry? Commodity Prices World Fuel Ethanol Overview Production Consumption Ethanol Trade Prices Bioplastics and Biochemicals Cogeneration Alternative Sweeteners High Fructose Corn Syrup Intensive Sweeteners Molasses WTO Update Regional Trade Agreements World Sugar Balance Estimates The views expressed in this document are those of the ISO Secretariat. They do not necessarily represent the views of the ISO Members.