Home Authors Posts by Micheal McDougall
2 POSTS 0 COMMENTSMichael McDougal has been active in commodity futures for 35 years, beginning in Brazil in 1986 with Penfield Commodities, then later with Lasalle, And beginning a 22 year stretch with the Societe Generale group, first with Fimat, in 1995, newedge in 2008 and finally with SG Bank in 2015. After that, was with Man Capital and now with Paragon Global Markets. beginning brokerage in coffee, and soybean, Brazil's staple until the late 90s, when i began concentrating on sugar as export out of the Center South grew. He has given numerous presentations throughout the world on sugar and ethanol, for Datagro, Kingsman, Plats and the ISO, in places such as Dubai, Rizhao, China, London, Singapore, New York, Miami and Sao Paulo.
The 2020-21 sugar season in Maharashtra is in its final innings and is likely to end by May 20. So far mills in the...
Global Sugar View by Michael McDougall – Episode 2
Indian sugar production at 299.15 LMT from 1st October 2020 to 30th April 2021 Source: ISMA
In the sugar season 2020-21 where the Government has allocated 60 lakh metric tonnes of sugar for exports, Maharashtra is set to export almost 50% of the available sugar for exports. A major decision from the Department of Food & Public Distribution (DFPD) to allow exchange of export quantity of sugar with monthly sale quota between mills to maximise exports and reduce transportation cost involvement involved in movement of sugar from one state to another for domestic consumption is seems to be bringing ease to millers across the country.
Karnataka government is considering the option to allow sugar mills to produce oxygen to meet its shortage for treating Covid-19 infected patients.