Sugar Market Bugbear

Giving goosebumps in market participants since 2011

[Sugar Market Bugbear @BugbearSug79142]

@NotWilmarSugar Touché

[Sugar Market Bugbear @BugbearSug79142]

@RealSugarHedge @SugarWilmar @HedgeSugar @1Suga_Bear Thank you for the good entry point on the NV mon frère.

À bientôt!

[Sugar Market Bugbear @BugbearSug79142]

Now we now you are a comedian not an analyst, nor a trader…

À bientôt!

[Sugar Market Bugbear @BugbearSug79142]

Be prepared for a full carry mon frère.

[Sugar Market Bugbear @BugbearSug79142]

Salut mon ami.

Done 20 votes. The Bugbear is always there and always have the product to deliver.

[Sugar Mom @frenchboredape]

@NotWilmarSugar pls give more time so see if we break 20 votes !

[Sugar Market Bugbear @BugbearSug79142]

@NotWilmarSugar Salut.
Good to see you back here after enduring KN almost inverting. Not bad to take some profit and put some money in the bank.

[Sugar Market Bugbear @BugbearSug79142]

@NotWilmarSugar Hé!

More sugar going to the K tape.

Keep buying mon frère.

[Sugar Market Bugbear @BugbearSug79142]

@ARealSugarExprt @NotWilmarSugar Salut. My drink of choice is a cold Singha if no Tiger is available.

[Sugar Market Bugbear @BugbearSug79142]

@NotWilmarSugar Coucou!
Just passing by to remind you that you are now buying flat for 374 pts?

[Sugar Market Bugbear @BugbearSug79142]

The white complex that shows a tightness in the short term is reality showing its bearish face in the second half of the year. Spreads going back to carry and white premiums dropping below $100. Good crop in EU, and capped access will make Ukraine being a cheap alternative source

[Sugar Market Bugbear @BugbearSug79142]

@HedgeSugar It’s a carry market in 2024 already in Australia. The way that KN behaves is a clear indicative that there is a lack of receivership with another massive crop in Brazil and balancesheets in surplus.

[Sugar Market Bugbear @BugbearSug79142]

Coucou!
Looks great to deliver in LDN the min quantity in China no @HedgeSugar and @NotWilmarSugar ?
K24 in NY might be even more telling to the market.

[Sugar Market Bugbear @BugbearSug79142]

Not only India might have a positive weather impact in South Asia, Thailand might as well came next season to increase the surplus in the west hemi.
Bonne chance bulls…

[Wilmar Sugar @SugarWilmar]

2024/25 Thailand cane production to jump to 100/115 Mt based on normal weather conditions till December – Sugar production to increase by 2.5 Mt yoy to 11 Mt
23/24 : crop ends as per our forecast but above market consensus at 82.3 Mt of cane and 8.7 Mt of sugar.
24/25 : Sugarcane returns are expected better than cassava by around $250/ha (equivalent $ 4-5 per ton of cane). Farmers are maximizing cane replanting. Our models show sugarcane cultivation area trend to increase by more than 10%. Cane yields should come back to average and be above 60 t/ ha. This will lead to 24/25 Thailand sugarcane of more than 100 million Mt with an upside to 115 Mt . Sugar production to jump by 2.5 M tons YoY , from 8.7 Mt , to more than 11 Mt .

[Sugar Market Bugbear @BugbearSug79142]

@HedgeSugar the May tape will be very telling mon camarade.

[Sugar Market Bugbear @BugbearSug79142]

@NotWilmarSugar People might have a surprise with how cane is resilient and might be too late when they realize CS will be above 620M tons of cane and with a sizable increase in the mix this season the Sugar output will easily top 42M tons.