Coronavirus Update

STATEMENT – CORONAVIRUS COVID-19 Prime Molasses / Prime Organic / Silloth Storage Company Understandably, we have had several enquiries from customers, suppliers and other relevant stake-holders pertaining to our contingency plans in relation to COVID-19 As far as Prime Group  is concerned, the approach we have taken is to form an Assessment Team, to basically monitor the situation based on advice from the following organisations:- Our overall objectives are:- [...]

2020-03-16T07:54:23+00:00March 16th, 2020|

Prime Market Report – December 2019

MONTHLY MOLASSES MARKET REPORT Date:        December 2019 Europe Beet Molasses After last year’s drought damaged a lot of crops, it was assumed that an unchanged sugar beet acreage planted would result in a higher yield across Europe. However, a dry growing season on the continent, especially in beet growing areas, has resulted in a very poor yield. This means that a similar amount of beet molasses will be available [...]

2019-12-10T09:45:18+00:00December 10th, 2019|

Prime Market Report – August 2019

MONTHLY MOLASSES MARKET REPORT   Date:        August 2019   Europe Beet Molasses With the price of cane molasses increasing, beet molasses demand from the fermentation and EU feed markets have also increased, which has naturally been followed by the price levels.  Planted acreage of this winter’s crop is significantly lower than last year, however the sharp rise in price we saw last year was due to the effect of the [...]

2019-08-12T09:36:19+01:00August 12th, 2019|

Prime Market Report – March 2019

MONTHLY MOLASSES MARKET REPORT Date:              March 2019 Europe Beet Molasses With the beet molasses market still feeling the effects of last year’s drought and resulting over-selling of crops, prices are continuing to firm across Europe with some origins trading a $15-$20 premium to previous crop. Strong demand from the fermentation industry means prices could continue to firm as we move forward. Cane Demand Cane demand is up between 20-30% [...]

2019-03-19T11:44:41+00:00March 19th, 2019|

Prime Market Report November 2018

  MONTHLY MOLASSES MARKET REPORT   Date:              November 2018   Europe Beet Molasses Despite the sugar beet planting area being the same as last year, the drought has resulted in an expected 10-15% reduction in sugar beet crushed for the harvest. On top of this, beet molasses yield will again be significantly lower due to the drought which could mean an overall year on year reduction of beet molasses [...]

2019-03-19T11:41:08+00:00October 30th, 2018|

Monthly Molasses Market Report – June 2018

Date:              June 2018   Europe Beet Molasses   Beet molasses prices have moved upwards in recent weeks as we enter the latter stages of the crop. Overstated crop size in Eastern Europe has meant the end of the beet crop has caught traders by surprise and has moved prices up $15/20 as the fermentation industry scrambles for the remaining cargo.     Cane Demand   Cane demand has increased [...]

2018-06-12T12:02:04+01:00June 12th, 2018|

Monthly Molasses Market Report – January 2018

Date:              January 2018   Europe Beet Molasses   After a large sugar beet harvest across Europe, many factories are still in the crushing stages of the harvest. Early indicators of yield have been solid if not spectacular, however with the cold weather and frost moving in during the latter part of the season we could see this drop off. It is still to be seen if yield levels mean [...]

2018-06-12T12:06:21+01:00June 12th, 2018|

Monthly Molasses Market Report – May 2017

Date:              May 2017   Europe Beet Molasses   Planted beet Areas in Europe have increase on average 16%. Providing yield stays at a similar level to last year this suggests an increase in molasses available and a downward movement in price. However, there is also expected to be a dramatic increase in demand for molasses from the yeast industry. For the last few years some producers have been using [...]

2018-06-12T12:08:14+01:00June 12th, 2018|

Monthly Molasses Market Report – January 2017

Date:              January 2017   Europe Beet Molasses   Western Europe – Western Europe has had a very good harvest this year (upscaling production due to reduction in EU sugar quotas – see previous report), however there has not been as much molasses produced as earlier forecast. In particular, a dry September in Germany and Poland increase sugar yields, but had the opposite effect on molasses yields. It is important [...]

2018-06-12T12:09:40+01:00June 12th, 2018|

Monthly Molasses Market Report – October 2016

Date:              October 2016   Europe Beet Molasses   Western Europe – Western Europe has had a very good harvest this year. With the 2017 relaxing of the sugar quotas; the sugar producers have put pressure on the farmers to increase planted acreage a year early in order to smooth the transition.  This has led to a lot of upscaling already having taken place and more beet molasses available despite [...]

2018-06-12T12:10:18+01:00June 12th, 2018|