More Commodities - Sugar

Sugar: Prices in the EU can compete with Brazil

June 25, 2018 at 12:59 PM , Der AUDITOR
Play report as audio

WASHINGTON D.C./FRANKFURT. The record global production in 2017/18 and the record end of season stocks have an enormous impact on the dynamics between the European and world sugar markets. Prices are an important concern with questions be raised as to have far they will continue to fall.

 

Old stocks add pressure in the EU

Granulated sugar is currently trading for 0.335 EUR/kg DDP Germany. Some market players have already accepted prices as low as 0.333 EUR/kg DDP Germany. With production prices trading as low as 0.26 EUR/kg in modern companies the prices in the EU have reached a new low. Some processors are producing without gaining any profits. Although the silos are bursting with sugar, it is therefore hardly possible to determine in how far prices can drop any lower.

Sugar in Brazil has almost reached prices in the E

View related articles

Go to the News Overview
Sugar
Jul 5, 2023
BRASÍLIA/BRUSSELS. Grounds are slippery in Brazil’s sugar market as local traders do not only need to keep a close eye on quotations in New York and London but are also confronted with manipulation and fraud. The EU may not be Brazil’s top export destination, but raw cane sugar imports have soared despite prices being high.
Sugar
Sep 23, 2021
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.
Sugar
Jul 8, 2021
MANNHEIM. While Südzucker AG's group revenues increased slightly in the first quarter of the current 2021/22 financial year, group operating profit declined for the time being. For the first time, the quarterly report covers five segments instead of the previous four.
Sugar
Feb 17, 2021
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.