Sugar
World statistical deficit revised downwards to 5.9 mln tonnes
A still tight trade balance
World sugar stocks to reduce to the lowest level since 2010/11
Deficit phase is likely to end in 2017/18, but …
… fundamentals remain constructive for the world market values
US Dollar and Brazilian Real strengthen while Mexican Peso depreciates
Decline in domestic prices in Russia and Mexico
India’s prices increase amid lower output
In China, the government continues to release stocks to stabilize prices
Commodity Prices
Grain and cocoa prices decline due to abundant supplies while Robusta coffee prices rise
Oil prices rise due to significant output reduction by OPEC countries
Most commodity prices expected to rise in 2017
World Fuel Ethanol
Global production and consumption plateau
Higher mandated inclusion in US market…
… but producers face slim margins
Brazilian output to contract
Higher production and use in smaller mandated markets
Global trade to contract in 2017
Bioplastics and Biochemicals
Global bioplastics production capacity to grow to 6.1 mln tonnes by 2021
Expansion mostly driven by increase in bio-based, non-biodegradable plastics
Asia to remain world production hub of bioplastics
Cogeneration
Brazil’s biomass power generation to grow at slower pace in 2017
Australia’s MSF Sugar plans to build four power plants by 2021
Alternative Sweeteners
Contraction in US HFCS offtake to continue
Commercial production of fermentation stevia sweeteners draws closer
PureCircle develop new stevia sweetener for clear beverage use
Molasses
Availability to remain limited in key Asian exporters
Strong competition from low priced grains keeps molasses prices in check
WTO Update
Outcome on agricultural subsidies in spotlight for December Ministerial
RTAs
US President directs USTR to withdraw US from TPP
Australia and Indonesia work to finalise trade agreement
Impending EU-Japan deal?
Ratification of EU-Canada CETA advances in EU