More Commodities - Sugar

Sugar: EU adapts to new normal

September 23, 2021 11:56 AM, Der AUDITOR
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BRUSSELS/FRANKFURT. EU sugar exports are expected to outstrip imports in the current marketing year. Although the market has certainly rebounded from the impact of the pandemic, sugar manufactures are trying to adopt a cautious approach to the post-pandemic future in 2021/2022. Market prices are also reflecting this development.

EU average sugar price rebounds

According to DG AGRI the average price for white sugar within the EU has recovered markedly from its low of EUR 302/mt witnessed in January 2019 and now ranges at EUR 397/mt. This development roughly mirrors developments in the world market price in London as the DG Agri comparison with LIFFE prices shows. The EU average sugar price has ranged higher than world market prices since July 2017. In 2021, the price gap has widened between January when prices were nearly on par and July when world market prices ranged around EUR 20/mt lower

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