A final reminder to growers regarding the Global Traders Roadshow featuring Wilmar’s Senior Sugar Trader Peter Bingham. Peter is currently in India attending the Indian Sugar Mills Association (ISMA) convention, which means he will bring the very latest insights into Indian crop developments and ethanol policy for the year ahead. With India’s production forecast rising sharply this season, the country’s decisions around exports and ethanol could play a crucial role in shaping sugar prices for the tail end of the 2025 season pricing period.
With the weather cooperating and the mills running well, the end of season could be upon us before we know it. We’re already fielding enquiry from growers about their pricing status with the GEI Sugar they have delivered so far to determine whether they can confidently start pricing their GMPRS orders. To support this process, we have developed a new exposure monitoring tool to give growers clearer visibility of their position and help manage final pricing decisions as the season winds down.
As always, if growers are concerned about their final estimated delivery against pricing commitments please talk to your local Relationship Manager as soon as possible. We have options to deal with production shortfalls and the sooner we identify a potential issue the more flexibility we have in managing it.
On the global stage, #11 sugar prices continue to languish while the Brazilian crush powers ahead. A record 55 per cent sugar mix in the latest UNICA report has analysts revising their final Brazilian sugar production number higher. However, ethanol parity continues to ratchet higher with current estimates above 16 USc/lb.
The next couple of UNICA reports will be interesting to see if there is a switch back from sugar with ethanol stocks low in Brazil. A stronger AUD driven by a weak USD is adding to the uphill battle the AUD sugar swap price is facing.
I look forward to seeing you at our Global Traders Roadshow next week and introducing you to our expanding team. RSVP’s close this week so if you would like to attend, please contact your local Grower Marketing Relationship Manager to secure your spot.
Our Grower Marketing Relationship managers are on hand to help growers check their final estimated delivery against pricing commitments. Pictured are Misty Bland, Owen Richards, grower Russell Laidlow, Jonathan Reichard, Fiona Villis, grower Greg Laidlow and Trent Johnson. Photo supplied
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