MOLASSES the product of hundred uses Presentation by Ekaterina Denisova. - презентация

1 MOLASSES the product of hundred uses Presentation by Ekaterina Denisova

2 Objectives Overview of the product and its market Analysis of trade flows Outline of seaborne transportation Review of current problems Suggestions for the future of the product

3 What Is Molasses? thick syrup produced in refining raw sugar and ranging from light to dark brown in colour 80% of the worlds molasses comes from sugar cane 20% comes from sugar beets a by-product of refining process out of any volume of raw sugar: From beet sugar 5% becomes molasses From cane sugar 0.7%

4 Understanding Molasses quality of molasses depends on: maturity of raw sugar amount of sugar extracted method of extraction three major types of molasses: unsulphured, sulphured and blackstrap.

5 Uses of Molasses food and drinks manufacture, fuels, rubber, printing, chemical and construction industries, traditional agricultural uses Most popular: Alcohol Animal Feed Yeast – fermentation processes

6 Molasses World Production (thousand tons) Constructed by author based on UFC report

7 Top Sugar Producers 2002/03 (thousand tons)

8 Molasses Producers 2003 Constructed by author based on UFC report

9 Dynamics of World Trade Molasses Exports (thousand tons) Source: UFC Report on Molasses World Trade

10 Molasses Exporters 2002 Constructed by author based on FAO statistics Others: Colombia, Australia, India, Philippines, Brazil, Netherlands, Dominican Republic, Sudan, El Salvador, Ukraine, Belgium, France

11 Molasses Importers 2002 Constructed by author based on FAO statistics Others: Canada, Japan, Vietnam, Germany, Indonesia, Italy, Denmark, Turkey, Austria, Norway, New Zealand, Sweden

12 Problems Produced hot: 52C Cooling down and mixing If not done affects further processes Fresh molasses problematic to use Stored for at least a month (especially if later used in distillery) Again mixing and cooling Sanitation during storage to avoid microbial contamination

13 Problems – cont. Handling and distribution challenges: High viscosity Resistance to flow Therefore difficult to pump Temperature affects its viscosity For every 5 C drop molasses doubles in viscosity Molasses is generally underutilised

14 Shipment of Molasses Tankers – stainless steel High freight rates Does not influence market: follows vegetable oil, palm oil, etc. Combined carriers went to dry cargo Older ships phasing out quicker (2007)

15 Near Future Increase in domestic alcohol and ethanol consumption (e.g. Pakistan): Less molasses exported Higher price Low prices in domestic alcohol industry (e.g. Brazil): More molasses exported

16 Future Abolishment of sugar subsidies in EU and US: Sugar volumes down Molasses volumes up Less molasses imported Might not be, as beet molasses produced and cane imported

17 Conclusion Traditional product – problematic New uses Follows sugar Does not influence freight rates Uncertain future – EU and US

18 The End Thank you for listening