Latest news with #globalproduction
Yahoo
09-07-2025
- Business
- Yahoo
Removal of Frost Risks in Brazil Undercut Sugar Prices
October NY world sugar #11 (SBV25) Monday closed down -0.10 (-0.61%), and August London ICE white sugar #5 (SWQ25) closed down -4.10 (-0.85%). Sugar prices were under pressure Monday following the removal of the frost risk from weather forecasts in Brazil. Also, an early arrival of the monsoon season in India has bolstered the outlook for a bumper sugar crop. Rains in June were 9% above normal in India, and the India Meteorological Department has forecast above-normal rainfall for July. Why the Grains Sector is "Feeling Down" Monday Global Corn Demand Soars, U.S. Supply in Focus—Can You Capitalize on This Market Shift? It's Game Time for Grains: What to Watch as Critical Period for Corn, Soybeans Begins Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Sugar prices have plummeted over the past three months due to expectations of a global sugar surplus. Last Wednesday, October NY sugar posted a contract low, and last Monday, the July NY sugar contract posted a 4.25-year low on the nearest-futures chart. Last Wednesday, Aug London sugar posted a 3.75-year nearest-futures low. Last Monday, commodities trader Czarnikow projected a 7.5 MMT global sugar surplus for the 2025/26 season, the largest surplus in 8 years. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% y/y to a record 189.318 million metric tons (MMT), with global sugar ending stocks at 41.188 MMT, up 7.5% year-over-year. The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices. On June 2, India's National Federation of Cooperative Sugar Factories projected that India's 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage. The outlook for abundant rainfall in India could lead to a bumper sugar crop, which is bearish for prices. On April 15, India's Ministry of Earth Sciences projected an above-normal monsoon this year, with total rainfall forecast to be 105% of the long-term average. India's monsoon season runs from June through September. Signs of larger global sugar output are negative for prices. On May 22, the USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025/26 sugar production would rise +2.3% y/y to a record 44.7 MMT. Also, India's 2025/26 sugar production is projected to rise +25% y/y to 35.3 MMT, citing favorable monsoon rains and increased sugar acreage. In addition, Thailand's 2025/26 sugar production is expected to climb +2% y/y to 10.3 MMT. In a bearish factor, the Indian government said on January 20 that it would allow its sugar mills to export 1 MMT of sugar this season, easing the restrictions placed on sugar exports in 2023. India has restricted sugar exports since October 2023 to maintain adequate domestic supplies. India allowed mills to export only 6.1 MMT of sugar during the 2022/23 season to September 30, after allowing exports of a record 11.1 MMT in the previous season. However, the ISMA projects that India's 2024/25 sugar production will fall -17.5% y/y to a 5-year low of 26.2 MMT. Also, the ISMA reported last Monday that India's sugar production from Oct 1-May 15 was 25.74 MMT, down -17% from the same period last year. In addition, Indian Food Secretary Chopra said on May 1 that India's 2024/25 sugar exports may only total 800,000 MT, below earlier expectations of 1 MMT. The outlook for higher sugar production in Thailand is bearish for sugar prices. On May 2, Thailand's Office of the Cane and Sugar Board reported that Thailand's 2024/25 sugar production rose +14% y/y to 10.00 MMT. Thailand is the world's third-largest sugar producer and the second-largest exporter of sugar. Sugar prices have some support from reduced sugar production in Brazil. Unica reported Monday that the cumulative 2025/26 Brazil Center-South sugar output through mid-June is down by -14.6% y/y to 9.404 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell by -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. The International Sugar Organization (ISO) raised its 2024/25 global sugar deficit forecast to a 9-year high of -5.47 MMT on May 15, up from a February forecast of -4.88 MMT. This indicates a tightening market following the 2023/24 global sugar surplus of 1.31 MMT. ISO also cut its 2024/25 global sugar production forecast to 174.8 MMT from a February forecast of 175.5 MMT. The USDA, in its bi-annual report released May 22, projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT and that global 2025/26 human sugar consumption would increase +1.4% y/y to a record 177.921 MMT. The USDA also forecasted that 2025/26 global sugar ending stocks would climb +7.5% y/y to 41.188 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Automotive
- Yahoo
Mitsubishi's global vehicle output rises 4% in May
Japanese automaker Mitsubishi Motors Corporation reported a 4.4% rise in global production to 75,350 units in May 2025, from 72,199 units in the same month last year. Overseas production increased by 4% to 36,138 units, while output in Japan rose by 5% to 39,212 units — driven by a 27% increase in domestic registrations to 8,562 units. Exports rebounded by 11% to 19,132 units, despite a 29% drop in shipments to North America. Production in Asia outside Japan rose by 3% year-on-year to 35,428 vehicles in May, with output in Thailand falling by 7% to 16,277 units, despite the recent launch of the company's second hybrid model in the country - the locally-made XForce hybrid SUV. Production in Indonesia increased by 37% to 13,467 units. In the first five months of 2025, Mitsubishi produced 367,446 vehicles globally, down by almost 8% compared with 398,523 units in the same period last year, with domestic output up by 1% to 163,841 units, while overseas production fell by almost 17% to 164,393 units. Sales in Japan were slightly lower at 49,891 units in this period, while exports increased by 1.4% to 92,445 units. "Mitsubishi's global vehicle output rises 4% in May" was originally created and published by Just Auto, a GlobalData owned brand.
Yahoo
26-06-2025
- Business
- Yahoo
Sugar Prices Tumble on an Expected Global Sugar Surplus
July NY world sugar #11 (SBN25) today is down -0.38 (-2.38%), and August London ICE white sugar #5 (SWQ25) is down -0.80 (-0.17%). Sugar prices today extended their three-month-long selloff, with NY sugar dropping to a 4-year nearest-futures low. Sugar prices have been under pressure over the past three months due to expectations of a global sugar surplus. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% y/y to a record 189.318 million metric tons (MMT), with a global sugar surplus of 41.188 MMT, up 7.5% year-over-year. Coffee Prices Extend 2-week Plunge as Frost Risks Recede in Brazil West African Cocoa Crop Optimism Weighs on Prices Sugar Prices Boosted by Strength in Crude Oil Prices Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices. On June 2, India's National Federation of Cooperative Sugar Factories projected that India's 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage. The outlook for abundant rainfall in India could lead to a bumper sugar crop, which is bearish for prices. On April 15, India's Ministry of Earth Sciences projected an above-normal monsoon this year, with total rainfall forecast to be 105% of the long-term average. India's monsoon season runs from June through September. Signs of larger global sugar output are negative for prices. On May 22, the USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025/26 sugar production would rise +2.3% y/y to a record 44.7 MMT. Also, India's 2025/26 sugar production is projected to rise +25% y/y to 35.3 MMT, citing favorable monsoon rains and increased sugar acreage. In addition, Thailand's 2025/26 sugar production is expected to climb +2% y/y to 10.3 MMT. In a bearish factor, the Indian government said on January 20 that it would allow its sugar mills to export 1 MMT of sugar this season, easing the restrictions placed on sugar exports in 2023. India has restricted sugar exports since October 2023 to maintain adequate domestic supplies. India allowed mills to export only 6.1 MMT of sugar during the 2022/23 season to September 30, after allowing exports of a record 11.1 MMT in the previous season. However, the ISMA projects that India's 2024/25 sugar production will fall -17.5% y/y to a 5-year low of 26.2 MMT. Also, the ISMA reported last Monday that India's sugar production from Oct 1-May 15 was 25.74 MMT, down -17% from the same period last year. In addition, Indian Food Secretary Chopra said on May 1 that India's 2024/25 sugar exports may only total 800,000 MT, below earlier expectations of 1 MMT. The outlook for higher sugar production in Thailand is bearish for sugar prices. On May 2, Thailand's Office of the Cane and Sugar Board reported that Thailand's 2024/25 sugar production rose +14% y/y to 10.00 MMT. Thailand is the world's third-largest sugar producer and the second-largest exporter of sugar. A positive factor for sugar prices is the expected increase in sugar imports from Pakistan, following the Pakistani government's announcement last Friday that it plans to import 250,000 metric tons of raw sugar due to a disappointing sugarcane harvest. Sugar prices have some support from reduced sugar production in Brazil. Unica reported last Monday that the cumulative 2025/26 Brazil Center-South sugar output through May is down by -11.6% y/y to 6.954 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. The International Sugar Organization (ISO) raised its 2024/25 global sugar deficit forecast to a 9-year high of -5.47 MMT on May 15, up from a February forecast of -4.88 MMT. This indicates a tightening market following the 2023/24 global sugar surplus of 1.31 MMT. ISO also cut its 2024/25 global sugar production forecast to 174.8 MMT from a February forecast of 175.5 MMT. The USDA, in its bi-annual report released May 22, projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT and that global 2025/26 human sugar consumption would increase +1.4% y/y to a record 177.921 MMT. The USDA also forecasted that 2025/26 global sugar ending stocks would climb +7.5% y/y to 41.188 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Mail & Guardian
15-06-2025
- Business
- Mail & Guardian
Early 2025-26 production prospects signal an ample global grain and oilseed harvest
The data released by Statistics South Africa showed that agricultural gross value added expanded by 15,8% quarter-on-quarter (seasonally adjusted) in the first quarter of 2025. On 12 June, the United States department of agriculture released an update to its monthly For example, the department forecasts 2025-26 global wheat production at a record 808 million tonnes, up 1% from the previous season. This is based on the expectation of an ample harvest in the European Union, Russia, Canada, Argentina, the United Kingdom and India, among other key producing countries. With that said, consumption is also expected to remain strong, mainly because of the rising demand for food, feed and industrial use in various countries. Thus, the stocks may remain slightly tight, estimated at 262 million tonnes, down 0.5% from the previous season. Still, wheat prices have come under pressure in recent months and could remain at relatively lower levels for some time. Moreover, the department forecasts a 2025-26 global maize harvest of 1.3 billion tonnes, up 3% from the previous season. There are expected ample harvests across most major producing countries, mainly the US, Brazil, Argentina, Ukraine, China, European Union, India and Russia. But industrial use, feed, and food consumption are also set to increase, thus pushing stock levels down by 3% to an estimated 275 million tonnes. This means that although global maize production has increased, the price levels of maize may remain stable or possibly rise slightly due to robust demand. The department forecasts global rice production for 2025-26 at 542 million tonnes, a 0.1% increase from the previous season. There are expected large harvests in various Asian major producing countries that support this decent harvest, primarily India, Vietnam, Pakistan, China, Bangladesh and the Philippines. Importantly, with consumption expected to remain stable, maize stocks increased by 0.3% from the previous season to 188 million tonnes. Also worth noting is that the 2025-26 global soybean production is forecast at 426 million tonnes, a 1% increase from the previous season. There are expected to be decent supplies in South America, China, India, Ukraine and the US, among others. Although global soybean consumption is expected to remain strong, stocks will still be decent. The 2025-26 global soybean stocks are forecast at 124 million tonnes, a 1% increase from the previous season. Importantly, these optimistic production prospects depend on the Southern Hemisphere season, which begins in October. In the Northern Hemisphere, the planting season is under way and looking favourable in most regions. But, for the Southern Hemisphere, it will be a few months before we have some level of comfort regarding the agricultural conditions, and the weather outlook in key producing areas of South America will be a primary focus, among other things. Still, these preliminary estimates indicate a substantial grain and oilseed harvest for the 2025-26 season. Wandile Sihlobo is an agricultural economist.
Forbes
18-05-2025
- Business
- Forbes
Donald Trump Vs. Joe Biden: Who Was Better On Inflation?
TOPSHOT - (COMBO) This combination of pictures created on October 22, 2020 shows US President Donald ... More Trump (L) and Democratic Presidential candidate and former US Vice President Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on October 22, 2020. (Photo by Brendan Smialowski and JIM WATSON / AFP) (Photo by BRENDAN SMIALOWSKIJIM WATSON/AFP via Getty Images) Inflation is not rising prices. Deflation is not falling prices. The more production expands across a rising number of hands and machines, the lower the price. And vice versa. The Apple iPhone is an effect of production on six different continents around the world. Boeing jets are an effect of millions of different parts around the world. Global cooperation makes both increasingly affordable, not 'monetary policy.' Which is a reminder yet again that relentlessly falling prices are evidence of increasingly sophisticated and tessellated global production, not deflation. By contrast, evisceration of global cooperation during the coronavirus lockdowns logically resulted in higher prices borne of less sophisticated and less tessellated global production that, contra accepted wisdom, had little to do with inflation. Inflation is a shrinkage of the unit of measure, in our case, the dollar. But it's not necessarily a decline in the value of the dollar against foreign currencies anymore than deflation is necessarily a rise. Since the dollar floats (as do other foreign currencies), dollar movements upward can at times disguise inflation while a declining dollar can disguise deflation. It brings us to gold. The reason it has long existed as the definer of money is exactly due to the fact that gold doesn't move, but the currencies in which it's priced do. Gold simply is. It tells the truth. When gold is rising against the dollar, that's a sign of a shrinking dollar. When gold is falling, the dollar is rising. Since presidents get the dollar they want, gold's movements can be used to assess who has been better on dollar/inflation policy, Donald Trump or Joe Biden. About how it will be done for this write-up, markets are a look ahead. In which case, the dollar price of gold will be looked at from the time each was elected, not when they entered the White House. In Trump's case, gold closed at $1,273/ounce the day after his election in 2016. On election day in November of 2020, the price of gold had risen to $1,914. Against the objective constant of gold, the dollar lost 50 percent of its value during Trump's first term. The day after the 2020 presidential election won by Biden, gold closed at 1,904. Biden exited the race for a second term on July 21, 2024. As of Friday, July 19, gold was trading at $2,398. The dollar lost 25 percent against gold during Biden's lone term. Unknown is what markets knew after Biden's exit. Did they start pricing in a Trump victory right away, and did they start pricing in a Trump victory ahead of Biden's exit. There's no way of knowing for sure, but it's notable that gold rose 13 percent against the dollar between the time that Biden left the race, and Trump's election. On November 6, 2023, the day Trump's election was made official, gold closed at, 2,721. As of this writing, it's trading at 3,199/ounce, a 17 percent decline in the dollar measured against gold. There's no partisan statement here. Gold once again is. It just reports, and it signals more substantial dollar weakness under Trump. Meaning Trump was the more inflationary president. No doubt this won't show up in CPI and other government measures of prices, but prices go up and down for all sorts of reasons, most them having nothing to do with inflation or deflation. So, while Biden will enter the first draft of history as the president who caused inflation, more distant history may well tell a different story, including that it was Trump who presided over the biggest dollar devaluations, and it was a Trump who panicked about the coronavirus. And Trump's panic brought on higher prices during Biden's presidency that had nothing to do with inflation.
