The ECRUU Podcast: Frank Jenkins on the changing US sugar market
This week, we interviewed Frank Jenkins, the founder of Jenkins Sugar Group (JSG).
Frank Jenkins has been at the heart of the US sugar market for the past few decades. His company, Jenkins Sugar Group (JSG) is celebrating its 30th anniversary this June! While the world sugar market has, for the most part, not had to pay much attention to the complex and highly regulated US market for the better part of the last decades, this has changed in the past 2-3 years with a surge in imports from the world market, despite the high tariffs. In this podcast, Frank helps us understand better what has been going on, and what to expect going forward.
In this podcast, we talk about:
-How the US market completely transformed in the last two years
-The USDA’s evolving role in terms of controlling the US market
-How US prices are now correlated to world prices through high-tier imports
-What can we expect from the US and Mexico in the coming year
-Mexico’s output being even lower than previously expected
-Why there’s such a lag between high US prices and a boost in output
-Some tips as to how to get on top of the US sugar market