1. Risks to the India Sugar Balance Sheet
Manamel Philip Philip | AISTA Sugar Conclave, Mumbai | September 2017

2. Production is cyclical | Consumption is linear

3. An Untenable Stocks-to-use Ratio

4. Conundrum – The Ending Stocks

5. Do domestic prices reflect the tightness?

6. Risks to 2017-18 Production - Capacities and an Early Start

7. Risks to 2017-18 Sugar Production - Weather

8. Risks to 2017-18 Sugar Production - Weather

9. Risks to 2017-18 Sugar Production

10. Sugar production in the 2018-19 crop year?

11. The New Paradigm?

12. Time to look in to the crystal ball
Where will domestic prices trade during the rest of 2017 and in to 2018?
Is there sufficient stock?
Are further imports for the domestic sugar market necessary?

13. Legal disclaimer
Tropical Research Services does not provide individually tailored investment advice.
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