More Commodities - Sugar

Sugar: Dramatic decline in EU stocks

May 3, 2019 at 12:56 PM , Der AUDITOR
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WASHINGTON, D.C/FRANKFURT. According to the recently issued annual report of the Foreign Agricultural Service (FAS) on the sugar market in the EU, production is expected to recover in MY 2019/20...

...The end-of-season stocks should, however, only amount to just over 1 million mt. Some processors are likely to struggle with purchasing enough sugar. Meanwhile, market all eyes are on the new crop in the German market.

Production to rise by 7%

FAS is currently estimating EU sugar production at 19.4 million mt in MY 2019/20, an increase of nearly 7% over last year. Last year’s drought has taken its toll, so that production estimates for 2018/19 have been revised downwards from 19.5 million mt to 18.2 million mt. However, at 2.4 million mt, considerab

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