Prices set to rise
Spot market prices have risen for granulated sugar, EEC Cat II in recent weeks. While bigbags were trading in a range of EUR 0.45-0.46/kg DDP Germany at the start of the season in October, prices have now risen to EUR 0.475-0.485/kg. Traders are certain that prices will continue to rise as supplies are slowly but surely starting to run low.
EU production set to decline in 2020/2021
EU production is forecast at 14.65 million mt in 2020/2021, down 10% on the 16.26 million mt produced in 2019/2020. This decline is mai