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Sugar: EU confronted with challenges in 2020/2021

February 17, 2021 at 10:32 PM , Der AUDITOR
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BRUSSELS/FRANKFURT. Market players are sounding the alarm bells over declines in production, particularly in France and in Germany. Concerns are being voiced that Germany's sugar suppliers will not be able meet food industry demand at the end of August. EU-UK trade has also been adversely impacted by Brexit.

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

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