PowerPoint Presentation€¦ · •Glyphosate will be an issue. Easier to eliminate in cane supply...
Transcript of PowerPoint Presentation€¦ · •Glyphosate will be an issue. Easier to eliminate in cane supply...
2019
New Farm Bill, New Support Prices
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B. Florida @ Mill
#16 Equiv Florida @ Mill
Louisiana @ Mill
#16 Equiv Louisiana @ Mill
Mexico @ Mill (Per SA)
#16 Equiv Mexico @ Mill (Per SA)
#16 Average @ Sept 30
#16 at 25.00 + is the new Normal.
New Farm Bill Increases Cane
Support Price by 1.00 cent per Lb.
Mill prices per published CCC loan rates. #16 equivalent includes min mill price, plus interest, freight & stevedoring.
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#16 Price & U.S. Production
U.S. Production #16
Higher Prices Will Spur Increased
Production
What Could Go Wrong?
• Higher prices will likely bring increased production (with flat demand), thus decreasing Mexico’s access. At what point is Mexico's Sugar access vs Corn Syrup imports not worth having? Mexican cane growers are in the mood for change.
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2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018est.
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Mexico Sweetener Import / Export Balance
HFCS Exports to Mexico Mexico Exports of Sugar to U.S. Net Sweetener Balance
Rotten Tomatoes ?
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Cane Refiner Capacity
Independent Grower Controlled % Grower Controlled
What I hear at the dinner table tells me that:
• Glyphosate will be an issue. Easier to eliminate in cane supply chain than beet.
“For refined foods that are derived from bioengineered crops, no disclosure is required if the food does not contain detectable modified genetic material,” according to the advance Federal Register notice. As such, refined beet sugar, soybean oil and corn sweeteners, all mostly from bioengineered seed, would not need to be labeled as a bioengineered ingredient under the new rule. However, adequate testing must have been performed to prove that there was no detectable material. In the case of beet sugar, Luther Markwart, executive vice-president of the American Sugarbeet Growers Association, said samples from all 23 North American sugar beet factories were tested and no detectable material was found and no further testing needs to be done (Sosland Sweetener Report, Jan 2, 2019).
• GMO- On paper the sugar beet growing industry had a major win with the final ruling published recently. However the end consumer will determine the winner in the long run.
Thank youChange The Way You Think About Sugar.