CATCH THE BUZZ - SUGAR AT 28 YEAR HIGH PRICE

CATCH THE BUZZ

So What’s With The Price Of Sugar?

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Maybe you’ve noticed. The price of table sugar has changed. It’s at a 28 year high right now, and folks aren’t at all confident it will go down soon. USDA expects sugar supplies to drop by 43% over the next year.

Analysts aren’t worried about empty supermarket shelves, but some sugar users are clamoring for a reduction in sugar trade barriers. U.S. sugar users pay, or paid, just about double the world price of sugar, to protect the U.S. sugar producers from cheap imports. But high world prices now pretty much negate that tariff. U.S. beekeepers can’t complain a lot about this, I imagine, because they have the same plan in place to protect the price of American honey. Many major U.S. sugar users were able to buy futures at lower prices a bit ago so the current increase won’t be seen for some time from some supp liers, while some sugar sellers are arguing that in reality there isn’t a shortage at all, and there’s plenty to go around.

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But the shortage, or shortage story can be traced to the two main sugar producers in the world, India and Brazil. They have both had adverse weather for sugar production this season. India, the second largest producer hasn’t had enough rain this season, thus hasn’t been able to produce enough sugar to meet internal demands and will be a net importer this year, reducing world supply.  Brazil, the largest producer has had too much rain and hasn’t been able to harvest their crop, and what has been harvested has a reduced sucrose content. Thus, world demand will exceed production by about 5 million tons, according to some experts. This after a 7.8 million ton deficit this year. T his will result in a raw sugar price at about 20 - 25 cents/pound for the remainder of the year, according to a Reuters India report.

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Kraft and General Mills believe that the U.S. will virtually run out of sugar, but new markets and suppliers should surface due to a 91 percent year to date price increase, perhaps. This supply/demand issue also reflects the fact that sugar prices were depressed last year, resulting in fewer acres being planted this year, so the exact ability of other suppliers to fill gaps remains an unknown. And the role of beet sugar is still cloudy. And meanwhile, some sugar is committed to the ethanol industry, while HFCS will probably see a firming of markets due to this shortage, but what role the health industry will play remains to be seen.

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Benefiting from higher sugar prices, according to a Gerson-Lehman Group report will be marketers of imports in Brazil including Bunge Ltd., Monsanto, DuPont, Syngenta and Bayer. Producers and traders and sugar beet industry members like Tate and Lyle, ED&F Man, C&H Sugar, American Crystal, Minn-Dak Farmers Coop, Pfeifer & Langen, Cargil, ADM and others. This will also put less pressure on HFCS sellers to keep prices low, so ADM, Cargill and others will benefit there, also. Those hurt?  Major candy and ice cream companies, Marrs, Nestle and Unilver, Kraft, General Mills, Interstate Bakeries and Gold Medal bakeries among others.

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Celebrate UrbanBees with Bee Culture and thedailygreen.com For details, visit www.thedailygreen.com/bee-photos.

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Analysts expect prices to remain high for at least one more growing season, so supply may improve by then, but the weather bats last.

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This message brought to you by Bee Culture, The Magazine Of American Beekeeping

 

 

 

CATCH THE BUZZ - EMAIL ERROR FOR DAN

CATCH THE BUZZ

Error In Email Address

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It happens, especially on Monday mornings...Please send your UrbanBees Photos and story to

Dan Shapley at

Dshapley@hearst.com

The week should begin on Tuesday...

Sorry Dan, and sorry for the confusion.

CATCH THE BUZZ - CELEBRATE URBAN BEES!

CATCH THE BUZZ

Help Us Celebrate Urban Bees, and Urban Beekeepers

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Bee Culture Magazine and www.thedailygreen.com want to celebrate the incredible explosion of City Beekeepers. We want all urban dwellers with beehives and beesuits, with hive tools and smokers, with supers and covers and frames galore to stand and be counted, to be recognized and noticed. We want everyone that uses five frame, eight frame, ten frame or top bar hives to raise their hands to the sky and shout! We want every and all of America’s backyard, roof top, window box, fire escape, empty lot, and anywhere else in the city honey makers to join the hive and let the world know you’re alive. Let’s get everyone with every hive, in every large or small, crowded or sparse asphalt landscape around the towns and the cities, the suburbs and gardens of America’s everywhere and anywhere to share what they do, show what they grow, and feel pride in their work, their passion and their hobby. It’s no matter if you just started out or are already seasoned in city bees. And if it’s not Kosher to keep bees where you are, we won’t tell, we won’t share because we don’t care…we want the world to know there are thousands who are working to make the bees at home. Thousands who want only the bees, only the peace, only the gentle gift of helping things grow. Thousands who are part of the larger citybee community. Thousands!

 

If this is you, if this is your time, send us a photo, a gift to share with those who share with you , and especially those who haven't yet but want to. Send a high quality photo, 50 or so well chosen words about your specific, or general location and operation…depending on you and your neighbors and the law of the land where you are. We need contact information so we can get back to you (an email is just fine) if there’s a question so we get it right the first time. Please send all this to Dan Shapley, the Editor and web and guru at thedailygreen.com at dshpaley@hearst.com. He’s a whiz at making all this work. When you send your photos and descriptions, you give The Daily Green and Bee Culture the right to publish the material and share it with its partners. For details, visit www.thedailygreen.com/bee-photos.

It’s time for the bees. Help us show what you do and how you do it. It’s only for those who have, and those who want bees. Join the Community of UrbanBees. Be part of the Revolution. UrbanBees Now!

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This message brought to you by Bee Culture, The Magazine Of American Beekeeping