sugar market · eu and regional market prices for white sugar commission regulation - r 2017/1185...
TRANSCRIPT
Sugar Market situation
AGRI G 4
Committee for the
Common Organisation of Agricultural Markets
28 February 2019
World Sugar Market
Exchange rates (22/2/2019): Euro – Dollar exchange rate: 1 € = $1.133
Exchange rates (22/2/2019): Euro – Real exchange rate: 1 € = 4.24 Real
World Prices
World Prices
• White sugar (22/2/2019 vs. 23/1/2019)
• May 19: 359.1 $/t ( - 0.2 %; 317.1 €/t)
• August 19: 367.3 $/t ( + 0.5 %; 324.3 €/t)
• Raw sugar (22/2/2019 vs. 23/1/2019)
• March 19: 13.37 $cts/lb ( + 3.1 %; 260.3 €/t)
• May 19: 13.30 $cts/lb ( + 1.7 %; 258.9 €/t)
White premium: around 51 $/t on May/March basis (white/raw).
EU market price and world market prices London 5 and NY 11 - first future - €/t
World Market News
World Market News ISO 11/2018
Sugar Price reporting
AGRI G 4
Committee for the
Common Organisation of Agricultural Markets
28 February 2019
EU Reference price and EU market price for white sugar
EU and Regional market prices for white sugar Commission Regulation - R 2017/1185 Art. 12 (a) - Annex II 1.
Region 1 Region 2 Region 3
average (1) std dev (2) average (1) average (1) average (1)
October 2017 422 49 423 418 447
November 2017 411 44 407 405 455
December 2017 400 44 398 393 452
January 2018 371 29 376 365 407
February 2018 372 33 371 367 408
March 2018 376 27 371 374 399
April 2018 365 35 366 361 386
May 2018 368 30 369 365 383
June 2018 361 30 363 359 375
July 2018 347 35 350 341 371
August 2018 347 38 338 345 381
September 2018 347 52 338 340 398
October 2018 321 46 325 309 380
November 2018 320 36 329 308 368
December 2018 314 37 323 300 370
in €/tEU
EU and Regional market prices for white sugar
EU Reference price and EU market price for white sugar compared with World price London N°5 (first future - $/t - €/t)
ACP average import price
Sugar Trade statistics
AGRI G 4
Committee for the
Common Organisation of Agricultural Markets
28 February 2019
EU Sugar Preferential Imports
1. Imports EPA / EBA in 2018/2019
1. Imports EPA / EBA in 2018/2019
1. Imports EPA / EBA in 2018/2019
2. Sugar TRQs 2018-2019 (24/1/2019)
2. Sugar TRQs 2019 (24/02/2019)
EU Sugar Imports
3. EU Total imports
3. EU Total imports
3. EU Total imports (2018/2019 – 3 months - 0.38 miot)
Source: EUROSTAT
EU Sugar Exports
4. EU Total exports
4. EU Total exports
4. EU Total exports (2018/2019 – 3 months - 0.63 miot)
Source: EUROSTAT
4. EU Total exports
EU Isoglucose
Isoglucose production in 2018/19
EU Sugar Stocks
5. Sugar stocks
EU Sugar Production
2017/2018 - Sugar Production Final data January 2019
tonnes Production
white sugar areas yield of the % increase
equivalent '000 ha t/ha campaign compared to
(a) (b)=( c)/(a) ( c) 2016/2017
BE 64.7 15.1 978 608 34%
BG
CZ 58.1 11.3 655 468 10%
DK 34.4 11.5 396 893
DE 384.8 13.4 5 157 787 45%
EL 6.2 5.9 36 514
ES 36.8 15.0 552 016 18%
FR (Met.) 442.9 14.1 6 236 738 38%
FR (Dom.) 243 644
HR 22.3 10.3 229 143 -37%
IT 38.0 8.0 305 254 -19%
LT 15.2 9.3 140 615 -14%
SUGAR Final production 2017/18tonnes Production
white sugar areas yield of the % increase
equivalent '000 ha t/ha campaign compared to
(a) (b)=( c)/(a) ( c) 2016/2017
HU 15.3 9.3 142 000
NL 86.2 15.4 1 324 023 52%
AT 42.8 11.0 471 914
PL 231.7 10.0 2 313 542 18%
PT (Continent)
PT (Açores) 0.1 0.0 0
RO 27.6 7.9 218 477 28%
SK 22.5 8.0 179 734 -19%
FI 10.5 6.1 64 022 -54%
SE 30.8 10.0 306 906
UK 107.0 12.7 1 363 546 49%
TOTAL 1 678 12.7 21 316 841 27%
SUGAR Final production 2017/18
2018/2019 - Sugar Production Forecast February 2019
tonnes Production
white sugar areas yield of the % increase
equivalent '000 ha t/ha campaign compared to
(a) (b) ( c) = (a) * (b) 2017/2018
BE 64.0 12.6 806 000 -18%
BG
CZ 57.9 9.6 555 000 -15%
DK 34.3 11.1 381 906
DE 391.9 10.7 4 210 714 -18%
EL 1.3 6.7 8 424
ES 36.8 14.7 542 031
FR (Met.) 440.0 11.7 5 164 000 -17%
FR (Dom.) 240 000
HR 16.6 8.4 140 000 -39%
IT 34.3 7.8 268 046
LT 16.2 10.0 162 320 15%
SUGAR production forecast 2018/19
tonnes Production
white sugar areas yield of the % increase
equivalent '000 ha t/ha campaign compared to
(a) (b) ( c) = (a) * (b) 2017/2018
HU 14.0 8.4 117 428 -17%
NL 85.2 13.2 1 124 458 -15%
AT 32.0 10.2 327 197 -31%
PL 239.0 10.0 2 390 402 3%
PT (Continent) 0
PT (Açores) 0
RO 24.6 5.7 139 855 -36%
SK 22.5 8.9 201 342 12%
FI 10.3 5.4 55 000
SE 30.7 9.1 279 488 -15%
UK 97.2 11.8 1 150 000 -16%
TOTAL 1 649 11.1 18 263 610 -14%
SUGAR production forecast 2018/19
Thank you
for your attention