Global sugar market seen at a surplus of 3.9 mln tns in 2022/23 -broker
분석가는 생산 지역의 건조로 인해 유럽 및 영국 지역의 추정치를 40만 톤에서 1,600만 톤으로, 중국은 30만 톤에서 1,000만 톤으로 줄였습니다. 그것은 브라질이 2021년 가뭄 이후에도 회복세를 지속할 것으로 예상하며, 10월부터 9월까지 글로벌 사이클(2022/23)에서 브라질에서 3,720만 톤의 잠재적 생산이 있을 것으로 내다보고 있습니다. StoneX는 브라질 2023/24(4-3월) 중남부 작물 예상 설탕 생산량을 현재 시즌보다 5.6% 많은 3,520만 톤으로 처음 예측했습니다. (Marcelo Teixeira 보고, Rashmi Aich 및 Jonathan Oatis 편집) (marcelo.teixeira@tr.com; + 332208062; 로이터 메시지: Marceloixeira)thomsonreuters.com@reuters.net – https://twitter.com/tx_marcelo))입니다.
By Marcelo Teixeira
NEW YORK, Sept 19 (Reuters) – The global sugar market is expected to have a surplus of 3.9 million tonnes in the new season starting in October, as good production in Asia and Brazil will offset problems in Europe and China, broker and analyst StoneX said on Monday.
In its new global crop report, the broker increased its view for the surplus from 3.3 million tonnes seen in July.
It projected that India will have another near-record crop in 2022/23 (Oct-Sept) at 36.5 million tonnes, 500,000 tonnes more than in 2021/22, as the weather has been positive for development of cane fields.
The weather helped another large producer in Asia, Thailand. StoneX sees Thai sugar output at 11.5 million tonnes in 2022/23, 14% more than in the previous season.
The analyst cut its estimate for the Europe plus United Kingdom region by 400,000 tonnes to 16 million tonnes as well as for China by 300,000 tonnes to 10 million tonnes, both because of dryness in production areas.
It expects Brazil to continue its recovery after the 2021 drought, seeing a potential production of 37.2 million tonnes in the country in the October to September global cycle (2022/23).
StoneX released its first projection for the Brazilian 2023/24 (April-March) center-south crop forecasting sugar output of 35.2 million tonnes, 5.6% more than the current season.
(Reporting by Marcelo Teixeira; Editing by Rashmi Aich and Jonathan Oatis)
((marcelo.teixeira@tr.com; +1 332 220 8062; Reuters Messaging: marcelo.teixeira.thomsonreuters.com@reuters.net – https://twitter.com/tx_marcelo))