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Shaping the Future of Sugar: Navigating Opportunities in a Dynamic Industry Landscape

Sugar

Thailand

Mzingaye Ndubiwa

Published Jan 26, 2024

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The global sugar market is undergoing significant challenges characterized by a combination of factors impacting major sugar-producing countries. India and Thailand, two significant contributors to global sugar production, are facing setbacks, including adverse weather conditions and export restrictions. These challenges are contributing to a notable depletion in sugar supplies, raising concerns about meeting global demand. Amidst the challenges faced by India and Thailand, Brazil stands out as a key player in the global sugar trade. As the world's largest sugar exporter, Brazil plays a crucial role in balancing the global sugar supply. The country's dominance in the sugar market is attributed to its vast sugarcane cultivation, advanced production processes, and export capabilities.

Key Takeaways ….……………………………….…………………………………………..……….…………………….. 4

1. Global Landscape in Major Countries of Origin……………..………………….…………………………… 5

1.1. Production

1.1.1. Production Setbacks in India

1.1.2. Impact of Adverse Weather on Thai Sugar Crop

1.2. Price Analysis

1.2.1. Global Sugar Price Reaches Highest Level Since 2011

1.2.2. Early Season Price Surge in India

1.2.3. Thailand Implements Higher Sugar Prices

1.3. Export

1.3.1. India Places Export Ban for First Time in History

1.3.2. Export Restrictions Persist in Thailand

1.3.3. Mexico Adjusts Sugar Export Quota to Address Production Challenges

2. Sourcing Opportunities……………………………………………………………………………………..………. 13

2.1. Global Dependency on Brazilian Sugar Surges

2.1.1. Record Sugar Production Expected in Brazil for 2024/25 Season

2.1.2. Export Volume and Growth

2.1.3. Opportunities in Alternative Markets

2.1.4. Strategic Positioning

3. Tridge Suggestions & Opportunities…………………………………………………………………………… 16

3.1. Transaction Data Service (TDS)

3.1.1. Bangladesh Rises as Key Importer of Brazilian Sugar

3.2. Social Marketplace Offers

3.2.1. Leading Brazilian Verified Offers

3.2.1.1 TT Trading Brazil

3.2.1.2 Ferrari Agroindústria

3.2.1.3 Ipasai Brazil LTDA

4. Market Outlook …………………………………………………………………………………………………..….... 21

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