Argentina: There is currently a shortage of sugar, so international prices are favorable

Published 2024년 4월 13일

Tridge summary

During a conference by the Institute for the Promotion of Sugar and Alcohol of Tucumán (Ipaat), Martín Saralegui, the commercial manager of Sucden Americas Corp for Latin America, discussed the global sugar market's current state. He highlighted an international sugar shortage leading to favorable prices and the significant impact of major sugar-producing countries on the market, including Brazil, Thailand, India, Mexico, and Central American nations. Despite Argentina's sugar surplus this year, Saralegui emphasized the country's need to focus on exporting both raw and refined sugar to navigate challenges such as high freight costs and compliance with export agreements. He also pointed out Argentina's competitive disadvantage against Brazil and underscored the importance of enhancing the quality and quantity of sugar exports to meet international demand.

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Original content

During his speech within the framework of the conference cycle organized by the Institute for the Promotion of Sugar and Alcohol of Tucumán (Ipaat), the commercial manager of Sucden Americas Corp for Latin America, Martín Saralegui, pointed out that in the sugar market prices rise and fall permanently, so they must be monitored to see if there is a sugar deficit or surplus. “At the moment there is a shortage, so international prices are favorable,” he stated. He said that in the world there are countries that move a lot of sugar and that always influence Argentine sugar production: Brazil, Thailand, India, Mexico and Central American countries. “Due to this, we always analyze them and they must be taken into account,” he said. He added that this year there will be a sugar surplus in Argentina. “International prices are currently good; but they always have a dynamic that must be considered. Today consumption is a little above what is produced and, therefore, prices rise. This are ...

Source: Suenaacampo