AGENDA
Throughout ECRUU Sugar Week, from 16-20 September 2024, you will receive directly in your email inbox market presentations from the best experts.
You will be able to watch each presentation from the comfort of your office, or home, or wherever you want for a period of two weeks (or one year if you buy the Premium Ticket)!
DAY 1
CS Brazil crop outlook: What to expect for 2024/25 and 2025/26
Livea Coda – Researcher, Hedgepoint Global Markets
Analysis of global stocks and underlying production and consumption dynamics
Peter de Klerk – Senior Economist, International Sugar Organization (ISO)
Sugar vs. alternative crops: What signals are being sent to farmers?
Gareth Forber – Director, Sugar Research, GlobalData
India’s 2024/25 sugar policy: What to expect
Kiran Wadhwana – Director, Comdex India
DAY 2
COVRIGAnalytics’ global sugar overview
Claudiu Covrig – Founder, CovrigAnalytics
Green Pool’s look at Asia-Pacific supply & demand
Green Pool team
Pakistan’s diabetes ‘sugar’ problem
Ghasharib Shoukat – Analyst, Pakistan Agriculture Research
Latest sugar news in Africa and the CIS
Nick Kwolek – Founder, Kulea
DAY 3
Marex’s global Outlook for 2024/25 with a focus on seasonal weather
Emma Sanig – Research Analyst and Meteorologist, Marex
Impact of Mexico & US high-duty imports in global trade flows
Maria Nunez – Senior sugar analyst, S&P Global Commodity Insights
A focus on India: What to expect in 2024/25
Harsh Soni – Founder, Greenleaf Corporations
DAY 4
Datagro’s world sugar & ethanol S&Ds
Gui Nastari – Director, Datagro
A look at 2024 through cash values: looking back and what to expect
Arnaud Lorioz – Founder, The Deepcore
Insights into the EU and UK sugar markets (Striving for a transparent picture to navigate the complexities of the EU market)
Julian Price – Founder, Julianprice.com
Jet Set: How Sustainable Aviation will Propel Ethanol Production
Stephen Geldart – Head of research, CZ
DAY 5
Crop impact analysis for sugar’s main global origins in 2024/25
Kevin Marcus – Founder, Marcus Weather
The gap left by CS Brazil in Q4 2024
Henrique Ackamine – Head of sugar research, TRS
EU sugar market: What are prices telling us?
Gabrielle Del’Arco – Senior Market Insights Analyst Sugar, Vesper
CS Brazil Crop Outlook: What to Expect for 2024/25 and 2025/26
Livea Coda
Researcher,
Hedgepoint Global Markets
Lívea Coda is the Market Intelligence Coordinator at Hedgepoint Global Markets, working in the agricultural commodities sector for over 5 years, particularly with quantitative and fundamental research in the sugar and ethanol markets.
About Hedgepoint Global Markets
The purpose of Hedgepoint Global Markets is to help our clients turn financial risks into opportunities by strategically anticipating and responding to market movements. For this, we offer sophisticated products for hedging and protection against volatility for the global chain of agricultural and energy commodities, always based on the best analysis and market intelligence Studies. Hedgepoint is present on five continents, giving us the ability to connect the local needs of each sector to the global context while democratizing access to risk management. We execute hedging based on innovation, technology, and market insights, placing our clients at the center of the entire process, thus contributing to their success. Altogether, Hedgepoint works with over 60 different commodities, diverse currencies (FX), and more than 450 hedging products on our platform. All this is developed with a technological focus while providing the best experience in every process. You can contact the team at: https://hedgepointglobal.com/contact/ or marketintelligence@hedgepointglobal.com
Analysis of global stocks and underlying production and consumption dynamics
Peter de Klerk
Senior Economist,
International Sugar Organization (ISO)
Peter de Klerk joined the International Sugar Organisation as Senior Economist in January 2018. He arrived from Itochu Europe PLC where he was responsible for sugar market operations, ranging from analysis, logistics, futures market operations and commercial transactions. Prior to his four years at Itochu, Peter worked in the analysis teams at Armajaro, Czarnikow and ED&F Man, covering a 12-year period. Peter holds a BSc in econometrics from the London School of Economics and an MSc in Economics from the University of York and is a part-qualified accountant.
About ISO
The International Sugar Organization (ISO) is an intergovernmental entity that promotes global cooperation in the sugar industry. It addresses challenges and fosters stability and sustainability in the global sugar market. The ISO enhances market conditions through debates, analyses, studies, statistics, seminars, conferences, and workshops. It provides extensive data on production, consumption, trade, and stocks worldwide.
Sugar vs. alternative crops: What signals are being sent to farmers?
Gareth Forber
Director, Sugar Research,
GlobalData
Gareth Forber is Head of Sugar Research at GlobalData (formerly LMC). He is editor of GlobalData’s world and EU sugar market outlook publications and oversees the companies’ sugar production cost/crop margin analysis. He is also responsible for conducting studies for clients such as blue-chip companies, multilateral institutions and government departments. This work includes the analysis of sugar industries and markets around the world, feasibility studies for new sugar projects and providing policy advice to governments and international organizations. Prior to GlobalData, Gareth was Director of Sugar Research at LMC International.
About GlobalData
GlobalData is a leading data & analytics company, helping over 4,000 of the world’s largest organizations make better and more timely decisions. The business was formed in 2016, following the consolidation of several well-established data and analytics providers, with heritage leading back over 50 years. Today, GlobalData is a unique research and consulting business, with unparalleled insight into a wide cross-section of markets and industries.
GlobalData is the trusted, gold standard intelligence provider to the world’s largest companies. The company has a proven track record in helping thousands of corporations, government organizations, and industry professionals profit from faster, more informed decisions.
Unique data: As the gold standard data provider to the world’s largest industries, GlobalData continuously collect and analyse terabytes of data to create the most comprehensive, authoritative, and granular market intelligence.
Expert analysis: GlobalData leverages the collective expertise of in-house research analysts, consultants, and journalists, as well as thousands of external thought-leaders, to create differentiated and actionable insight. The company has 3,500 analysts across 25 countries worldwide to turn raw data into trusted intelligence.
Innovative solutions: GlobalData helps clients work smarter and faster by providing access to powerful analytics and customizable workflow tools, alongside direct access to our expert community of research analysts.
India’s 2024/25 sugar policy: What to expect
Kiran Wadhwana
Director,
Comdex India
Kiran Wadhwana is Director of Comdex India. With over 38 years in the sugar industry, Kiran has considerable experience in farming, manufacturing and trading. He has served on the Executive Committee of ISMA as well as the Board of Indian EXIM Corporation. Currently, Kiran is on the Board of Bonsucro and a Senior Advisor to International Sugar Organisation. He has a BS in Computer Science from the University of Houston and an MBA from the Stephen M Ross School of Business at the University of Michigan.
CovrigAnalytics’ global sugar overview
Claudiu Covrig
Founder,
CovrigAnalytics
Dr Claudiu Covrig is Founder and Lead Agriculture Analyst of CovrigAnalytics, an independent provider of market research, analysis, forecasts, supply & demand, trade flows and policy information for the sugar and ethanol markets. Claudiu’s expertise includes market research, trade flows, forecasts, international arbitrages, futures and swaps trading combined with academic work focussed on management, economics and renewable energy markets and systems. He often serves as a speaker or chairman at international conferences. With over 18 years’ experience, prior to founding CovrigAnalytics, Claudiu worked as a market research analyst and consultant with S&P Global Platts and Kingsman in Switzerland, and traded futures and swaps with Sucden in Geneva. He was also a research associate and university assistant professor in Switzerland and Romania. Claudiu has a PhD degree from Transilvania University of Brasov, with a focus on renewable and conventional energy markets and systems. In addition, he has a Master’s degree in Engineering Design and Management of Renewable Energy Sources and a diploma in Economic Engineering.
About CovrigAnalytics
At CovrigAnalytics, we independently provide market research, information, analysis, studies and forecasts, for sugar and ethanol markets best reflected in our reports, data and consultancy services. The consultancy work is mainly focused in helping you to take good business, commercial and trading decisions, on your pricing strategy, investments, sales and purchasing programs, on your physical and futures positions, on market movements and forecasts.
Green Pool’s look at Asia-Pacific supply & demand
Green Pool provides an independent view of global sugar and biofuels markets through consultancy and market analysis. At Green Pool, we provide economic and market analysis to a select client base of growers, processors, consumers, government, investors, traders and hedge funds. We pride ourselves on being independent and privately owned. Our analyst team is comprised of a mixture of commercial practitioners and academics up to Masters and PhD level.
This means that in addition to having very broad, real world commercial experience, we can give totally independent advice – something that we feel is crucially important. Consequently, we are able to work closely with our clients to tailor solutions that fit their specific and individual needs and objectives.
Pakistan’s Diabetes ‘Sugar’ Problem
Ghasharib Shoukat
Analyst,
Pakistan Agriculture Research
Ghasharib Shoukat is a researcher focused on policy implementation and social reform currently serving as the Head of Product at Pakistan Agriculture Research. He founded Zarai Mandi, a B2C WhatsApp Market Data Provider at National Incubation Center Faisalabad (NICF) in 2022. He is an alumnus of Bates College and SOAS and can be reached at ghasharib@par.com.pk
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About PAR
Pakistan Agriculture Research (PAR) is an agri think tank on a mission to provide agricultural data to players across the agri supply chain. PAR covers the market mechanisms of major crops of Pakistan and prepares efficient digital data services that connect Pakistani farmers, brokers, traders and manufacturers directly to the agriculture information they need. PAR was founded in 2011 by seasoned commodity trader, Rehan Shoukat, to increase agricultural data transparency and efficiency across the board. Email: contact@par.com.pk | +923089333445 (WhatsApp)
Latest sugar news in Africa and the CIS
Nick Kwolek
Founder,
Kulea
Nick Kwolek is the founder and managing director of Kulea, a tech company focused on commodities in Africa, headquartered in Nairobi, Kenya. Kwolek established Kulea in 2022 to address gaps he identified in the commodities market during his 13-year career trading sugar for major trade houses and producers. Kulea aims to revolutionize the commodities sector by leveraging big data and machine learning to provide high-quality trade-focused research and brokerage services in regions where accurate intelligence is hard to find such as Africa and the CIS. Kwolek’s work has positioned him as a prominent figure in the African commodities market, where he continues to innovate and provide valuable insights and tools for industry stakeholders.
Kulea is the multi commodities intelligence platform for data scarce regions around the world, and caters to the entire commodities value chain, from traders to banks, insurance companies, manufacturers, logistics providers and more. With offices in Nairobi (Kenya), Tashkent (Uzbekistan), and London (UK), Kulea is on the ground in regions where data intelligence is otherwise difficult to collect, let alone accurate. Kulea is a proven platform for leading companies in the commodities industry, giving them actionable commodity insights, such as real-time price and import parity calculations, vessel line-ups and port waiting times, country commodity balance sheets, trade flow mapping, as well as best in class real time commodities trade risk management through its trading tools. Please contact our team via sales@kulea.com or send a WhatsApp message to +254 728292929
Global Outlook for 2024/25 with a focus on seasonal weather
Emma Sanig
Research Analyst and Meteorologist,
Marex
Emma holds a MSc Applied Meteorology & Climatology.
Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets. Marex’s teams use our huge range of research, data and analysis to provide a wide range of tools and services to keep our clients ahead. With more than 35 offices, access to all major exchanges, and technology-powered data and advisory services, Marex is your essential partner. To speak to our sugar team, email: Sugar@marex.com
Impact of Mexico & the US high-duty imports in global trade flows
Maria Nunez
Senior sugar analyst,
S&P Global Platts Analytics
Maria. Nunez is a sugar analyst with Kingsman/Platts since 2011 covering Global sugar markets, Central America, NAFTA and South America except Brazil. Before joining Kingsman /Platts, she worked on market research for Cubazucar, was a futures and options trader for 10 years for Caribsugar SA and then worked for Novafin Financiere SA in Geneva (export finance and country risk). Ms. Nunez holds a degree in Economic Sciences with a Major in Finance and a Master in International Trade from the University of Havana. She had advanced training in Futures Trading and Options in Sucres et Denrées (SUCDEN, Paris and SUCDEN Financial, London).
About S&P Global Commodity Insights
S&P Global Commodity Insights brings transparency to the global sugar markets through a unique mix of fundamentals, news and prices reports, powered by S&P Global Platts robust methodology and tailored to your specific needs. You can reach out to them by email: ci.support@spglobal.com
A focus on India: What to expect in 2024/25
Harsh Soni
Founder,
Greenleaf Corporations
Mr. Harshveer Singh Soni brings nearly two decades of experience to Greenleaf, specializing in the research and trading of agricultural commodities, with a focus on Sugar Grains, Edible Oils, and Oilseeds. Having honed his skills in esteemed multinational corporations such as Louis Dreyfus, AWB, Noble, ED&F Man, and Bunge, Harshveer possesses a comprehensive skill set in commodity trading and market.
About Greenleaf Corporations
Welcome to Greenleaf, where expertise meets innovation in the dynamic world of agricultural commodities. Founded by Harshveer Singh Soni and Mr. Pankaj Kasera, Greenleaf is driven by a shared passion for excellence and a deep understanding of the agro-commodity industry. With a combined experience of over five decades, our vision is to be the beacon of expertise in agro-commodity research, empowering our clients with actionable intelligence that equips our clients with the clarity and confidence to navigate complex agro-commodity landscapes. Join us on this journey as we lead the way in shaping the future of agro-commodity research. At Greenleaf, we are not just researchers; we are catalysts for success, dedicated to driving positive change and fostering growth in the agricultural sector.
Datagro’s World Sugar & Ethanol S&Ds
Gui Nastari
Director,
Datagro
Gui has been a director at Datagro since 2006 as well as the director of the Brazilian Sugar and Ethanol Exporters Association (AEXA) since 2009. He is a former director of the Brazilian Rural Society (SRB). Since 2005, he has been engaged in several Sugar and Ethanol Market Advisory Projects at DATAGRO. Main customers were sugar, alcohol and biodiesel producers, trading companies, banks, fuel distributors, input suppliers, governments and NGOs. Guilherme Nastari is regular columnist in various technical publications and speaker in conferences in Brazil, USA, UK, India, Dubai, LATAM, Asia, Africa and other countries.
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About Datagro
DATAGRO is an independent agricultural consulting company, which produces analyses and primary data for several main agricultural commodities. With over 35 years of experience, it analyzes the sugar, ethanol, energy, oil and by-products, biofuels, corn, soybean, coffee and meat industries and their relations with the economy as a whole. The company concentrates its activities in five offices – Alphaville / São Paulo, Recife, Ribeirão Preto and Santos in Brazil and New York. Through innovative and differentiated analyses, it provides tools for a better understanding of the agricultural markets, adding value to the strategic and commercial positioning of its clients. DATAGRO advises the private sector in market issues and the public sector in initiatives related to energy planning (in ethanol, gasoline and other biofuels), deregulation, integration and commercial disputes in the US-ITC and at the WTO. The company also works on the diversification of the agricultural and energy industries and the development of biofuels in different countries.
A look at 2024 through cash values: looking back and what to expect
Arnaud Lorioz
Founder,
Deepcore
Arnaud began his career as an FX and interest rates trader in banking before joining the sugar industry in 2013, where he managed an intertrade brokerage desk across various global markets. Noticing the lag in digitization within commodities compared to financial products, he founded The Deepcore in 2017 to enhance brokerage efficiency and leverage data. Arnaud is passionate about new technology, digital platforms, big data, and quantitative analysis. He regularly engages with brokers and traders to diversify offerings and create value for both traders and quantitative analysts.
About The Deepcore
The Deepcore is one of the leading Physical Sugar Brokerage house which provides liquidity worldwide on a wide range of sugar regions. Thanks to our global and strong presence with our 3 sugar brokers, we deliver to Traders & Financial Institutions the most accurate prices datasets with no lag, through our online platform & API
- Monitor daily physical Sugar prices worldwide with no lag
- Data sourced directly from the market without intermediary
- Eliminate the need to wait for third-party information.
Insights into the EU and UK sugar markets
Julian Price
Founder,
Julianprice.com
Julian is an international sugar trade analyst with more than thirty years of experience in sugar trading and broking gained at ED&F Man between 1987 and 2018 in a variety of roles and elected for eight consecutive years as President of the European Sugar Traders’ Association “ASSUC”, comprising sixty sugar trading companies in Europe. His work has permitted him to travel widely and to learn first-hand about the sugar industries in European, African, Caribbean, Asian and Pacific countries and to liaise with people at every level throughout the value chain, from ships’ crew, farmers, warehouse managers and clerical staff, to chief executives, high ranking officials and government ministers. Today, Julian is Executive Director of the ACP/LDC Sugar Industries Group “ACP Sugar”, and an independent sugar trade analyst he works to bring ideas, expertise and market insights to food industry professionals.
About Julianprice.com
Julian monitors EU and UK sugar trade news which you will find available on this website or via an RSS feed. Official data relating to sugar trade flows, sugar production, sugar import quotas and the like are regularly updated and visualized using Microsoft Power BI ™.
Jet Set: How Sustainable Aviation will Propel Ethanol Production
Stephen Geldart
Head of research,
CZ
Stephen has spent 20 years working in the food & energy markets and has extensive expertise in risk management, procurement strategy and decarbonization. Stephen joined CZ, a leading supply chain services provider, in 2008 and leads the Analysis and Consulting Team, CZ Advise. CZ Advise provides leading-edge coverage of the sugar, ethanol, ingredients and packaging markets, primarily on Czapp.com, CZ’s online portal. CZ Advise also provides price risk management services for sugar producers, refiners and consumers and regularly undertakes strategic consultancy work for energy majors, banks, and agricultural businesses. Before joining CZ, Stephen began his career in the oil refining industry. He holds an MSci in Chemistry from Imperial College London.
About CZ
CZ provides supply chain solutions for an ever-changing world. Our deep understanding of global market dynamics enables us to provide solutions that make positive change. We work with clients across the full supply chain, involving a range of food ingredients, energy, and packaging products, and provide specialized advisory services through CZ Advise. Our purpose is to exert a positive economic and sustainable influence in our supply chains. This governs everything that we do. Our values represent the culture that underpins our success. We use them to drive all business activities.
Crop impact analysis for sugar’s main global origins in 2024/25
Kevin Marcus
Founder,
Marcus Weather
Kevin Marcus’s professional career as a commodity weather consultant spans 40+ years. He earned a Bachelor’s Degree in Meteorology from Penn State University in 1980 and a Master’s Degree in Agronomy from the University of Maryland in 1986. He joined Earth Satellite Corporation (now Maxar Weather Desk) in 1980 and spent the first 20 years of his professional career with the commercial services group known as Cropcast.
About Marcus Weather
Kevin formed Marcus Weather services in 2001 exclusively for commodity hedge funds and food processors seeking an edge in their trading and hedging. The service leverages a privately developed multi-million dollar weather data base designed exclusively for commodity weather analysis. Clients have come to rely on Marcus Weather’s services to anticipate weather changes and new weather narratives and their anticipated impacts on price and supply to gain a competitive edge.
The gap left by CS Brazil in Q4 2024
Henrique Ackamine
Head of sugar research,
TRS
Henrique Akamine is an exclusive consultant for Tropical Research Services, based in São Paulo. Mr. Akamine is the Global Head of Sugar and Ethanol Research. Prior to that, Mr. Akamine served as Analysis Manager at Czarnikow, where he was responsible for Czarnikow’s Brazil sugar and ethanol market view. Mr. Akamine began in the financial sector on the Market Risk desk at Credit-Suisse Hedging Griffo (2012-2013). He began in the sugar and ethanol market with Czarnikow (2014 – 2021), first as a member of the Corporate Finance team and later as part of the Brazil Analysis and Advisory department – which he, ultimately, headed up. Mr. Akamine studied Mechatronics Engineering at Escola Politécnica/USP and Digital Social Media at Belas Artes de São Paulo.
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About Tropical Research Services (TRS)
Tropical Research Services (“TRS”) collects, collates and analyses, research and data as to a variety of tropical commodity products, including coffee, cocoa, sugar, cane ethanol, tropical oils and tropical grains and oilseeds. Tropical Research Services generates a significant information advantage as to the outlook for the forward supply and demand of tropical commodity products; a valuable resource for those deploying portfolio management and hedging and procurement strategies, in the otherwise opaque world of tropical commodity products information. Tropical Research Services is differentiated by its exclusive field-team operations and its extensive historical data-base of tropical commodity product metrics. Field-teams are comprised of skilled agronomists, counters and drivers, located in the key tropical commodity producing regions. Tropical Research Services performs its desk research out of its Connecticut, Brazil, London, Ghana and Bangalore offices.
EU sugar market: What are prices telling us?
Gabrielle Del’Arco
Researcher,
Senior Market Insights Analyst Sugar,
Vesper
Gabrielle Del’Arco is the Sugar Market Analyst at Vesper, where she enhances the commodity intelligence platform and provides market updates on sugar and ethanol derivatives. With over six years of experience, Gabrielle has been a prominent voice in global and regional sugar markets since 2017.
Before Vesper, she spent over five years at Tereos, one of the world’s largest sugar producers, gaining deep industry knowledge and market insights. At Vesper, Gabrielle combines on-the-ground insights with robust data to deliver clear, unbiased market analysis, guiding stakeholders in the sugar and ethanol industries.
About Vesper
Vesper (www.vespertool.com) is a leading commodity intelligence platform. It simplifies complex data into actionable insights, benefiting commodity buyers, sellers, and traders. With real-time information encompassing pricing, production, import/export, and more. Vesper empowers users to save time, enhance negotiation capabilities, and make informed decisions. Notable for its proprietary Vesper Price Index and AI-driven forecasts, Vesper has expanded beyond dairy, serving 2000+ users across diverse industries. You can can reach Gabrielle by email: gabrielle@vespertool.com