SUGAR TREAT


Every two years in October the good and great of the sugar industry meet for the London Sugar dinner held at the iconic Guildhall in the heart of the City of London. In the days before the dinner, attendees enjoy drinks receptions held by brokers and trade houses and discuss the markets and the future.


   pandemic has put paid to the dinner and our  great disappointment as we were looking forward to  September.


   no London Sugar dinner this year I thought it is an 


           Unprecedented perfect weather for growing sugar cane and beet was seen right across the globe.    


    previous season weighed on prices which remained in a very narrow range.


Fast forward to the present day and the world is a   has been hit very hard. Stocks markets crashed, crude prices collapsed and commodity prices followed as  has improved from the dark days of March and April  not been immune, hit by a double whammy of the     to their highest level in two years in February only to sink to a ten year low as the pandemic took hold. A   season, which starts in October to move back to a global surplus.


 to increase with Brazil and India leading the way. We     the huge drop in ethanol demand due to low crude prices and the impact of the lock-down on fuel usage in Brazil. Secondly, the weakening of the Brazilian real  this year.


16 | ADMISI - The Ghost In The Machine | Q3 Edition


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