Beet Molasses Price Forecast Report 2024-2025 | Latest Prices, Outlook, Market Dynamics, Demand-Supply Analysis, Extensive Forecast, Detailed Insights, Historical and Forecast Data

Beet Molasses Price Forecast

Beet molasses prices are forecasted to dwell lowly in the coming months of the year 2024. With the oversupplied inventories and modest downstream demands, particularly from the bioethanol industry, the prices are expected to slow down going forward in the year 2024. The pricing outlook showcases a tepid trajectory for beet molasses.

Market Dynamics

Recently, the beet molasses industry has been observed to be buoyant globally. Most markets like India and the EU are seeing an oversupply of feedstock from the sugar mills. The 2023/2024 EU sugar production is estimated to be 7% above the previous season and aligns with the 5-year average. This is attributed to an increase in sugar beet area in some EU countries, most notably in PL (+16% year-on-year), HU (+52%), and RO (+79%), but also owed to a recovery in sugar beet yields in IT (+49%), DE (+12%) and FR (+6%). World sugar production is also forecast to increase in 2023/24.

As of April 2024, The Food Ministry of India has authorized sugar mills to convert 670,000 tonnes of B-heavy molasses into ethanol as part of efforts to meet the country's ethanol-blending targets of 15% by 2023-24 and 20% by 2025-26. This decision aligns with the end of the sugarcane crushing season and is aimed at boosting ethanol production, which supports India's energy security by reducing reliance on imported crude oil. The available stock of B-heavy molasses is expected to produce approximately 2.37 million tonnes of ethanol in the current supply year. This initiative comes at a time when sugar production is slightly up from initial estimates for the 2023-24 season. Despite these policy changes the beet molasses market dynamics look riddled in the short term. Considering the existing stock and execution time for processing it, the prices are likely to remain downward, wavering in the near term.

   
Annual Outlook for Beet Molasses Industry

The annual outlook for beet molasses looks heavier on the production side. In 2024/25, the EU sugar beet area is forecasted to grow to 1495 thousand hectares, which is around a 2% year-on-year incline in the acreage. Favorable market conditions are bolstering this rise. Despite delayed sowing due to wet soils, the sugar beet yields are expected to grow by more than 2% y-o-y. However, this increase in feedstock quantities suppresses the forecasted prices for beet molasses. Molasses prices are expected to decline by about 3% due to the anticipated ample supply of residue generated during the sugar processing, which is generally higher during these months after the arrival of the new crop. Consumption is expected to show improvements as global bendable ethanol production increases; however, the consumption process is gradual and creates a lag with molasses production. Therefore, the pricing outlook for the year 2024 appears to be weak for beet molasses.

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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.