Send us a text
This month's sugar market update explores sustainable sugar's value in the global market, with guests Lindsey Perry and Matt Kealley from CANEGROWERS Brisbane sharing their expertise on sustainability certification and market access.
- Sugar prices currently volatile at around 16.5 cents per pound, with 2025 season at $550 AUD per tonne
- Forward prices showing higher values for 2026-2028 seasons, indicating current selling pressure
- Smartcane BMP program already delivers value through access to premium markets like Japan and US
- Developed markets use 75% of sugar in industrial food and beverage production, driving sustainability requirements
- Major buyers like Coca-Cola recognise Smartcane BMP as meeting their sustainability criteria
- Smartcane BMP celebrates 10 years with an impressive 95% grower retention rate
- New ESG reporting regulations beginning January 2025 will impact sugar supply chain
- Module 4 of Smartcane BMP being developed to address greenhouse gas reporting and modern slavery requirements
- Mass balance approach currently used for sustainable sugar, with potential future premiums for certified growers
- Australian sugar industry uniquely positioned with independent growers rather than plantation model
Visit the Smartcane BMP website to learn more about Module 4 self-assessment, which will be available in the coming weeks.
