Sugar: Prices have hit rock bottom in the EU

July 10, 2018 at 12:36 PM , Der AUDITOR
Play report as audio

WASHINGTON, D.C./FRANKFURT. The trucker strike in Brazil struck while the sugarcane harvest was just kicking off and the recently published FAS report indicates that the losses for the sugar industry are enormous. Market players in the EU are very much concerned over the further development in prices.

 

11-day strike in Brazil

In striking against the too high prices for Diesel the trucker in Brazil almost managed to force the country’s economy to a complete standstill. Brazil’s National Confederation of Agriculture and Livestock (CNA) reckons with losses to the agricultural sector of about USD 1,75 billion. Even 1 month after the strike has ended, the market is still confronted with the consequences. Shipments are still delayed, there are bottlenecks in the supply chains and the debates over transportation and costs are unsettling the agr

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.