Africa

In-depth country-focused analysis on Africa's economic, political and operational risk environment,
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Sugar: Policy Changes To Drive Sugar Market Disruption

We forecast sugar prices to continue falling as we progress into the 2017/2018 season, reaching lows last seen in 2015, in the range of USc10-12/lb, and averaging USc13.50/lb over 2018. However, prices will recover as we move into H218 and H119, partly in response to policy changes in Brazil and Thailand, but also due to the narrowing surplus that will result from planting/crushing decisions in the 2018/2019 season.

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