Rabobank Holds Ayr Sugar Market Forum | North Queensland Registry

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More than 100 sugar producers and industry specialists gathered Thursday evening in Ayr at the Burdekin Rugby Union Club for a sugar market forum hosted by Rabobank.

With presentations from bank sugar analyst Charles Clack, his Brazilian colleague Andy Duff and regional head of the bank’s markets team Adam Vanderstelt, it was an opportunity for sugar producers across the country. region to hear the latest information on the sugar market.

With growers from across Burdekin, the event incorporated a perspective on the local sugar market as well as first-hand information about the world’s largest sugar producer, Brazil, with Mr. Duff giving a virtual presentation .

With Australian sugar prices exceeding AUD 500 / metric tonne last month, the bank presented its sugar price forecast for 2021 of between AUD 440 / metric tonne. That said, the persistent drought in Brazil could not only delay their crush, but lead to lower yields – which in turn could impact sugar prices given the emerging global supply deficit.

With volatility set to be a theme throughout 2021, the event also included a discussion of some of the sugar price risk management strategies that farmers could adopt to help manage this volatility.

The event marked one of the first stops for the bank’s RaboTruck after its 12-month hiatus during COVID, as it travels across regional Australia as a way to share knowledge and connect with customers from communities in which they live. The RaboTruck hosted a similar event for Mackay-area sugar producers earlier in the week.

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