More Commodities - Sugar

Sugar: slump in demand to prove massive challenge

August 12, 2020 3:44 PM, Der AUDITOR
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FRANKFURT/BRUSSELS. Sugar consumption is expected to decline in the EU. Confectionery manufacturers in Germany are sounding the alarm because Covid-19 has prompted a slump in exports and domestic consumption.

Anticipated slump in EU sugar consumption

Covid.19 restrictions are expected to prompt a declined in sugar consumption as a cut back in sales for soft drinks and ice cream has been recorded. Problem is that these industries are very much adapted to catering. Recently issued EU Commission estimates indicate that white refined sugar consumption is set to decline in 2020/2021. Sugar consumption is projected to decline by 8.4% to 15.3m mt in food processing, industrial sugar is down 6.7% at 1.4m mt and sugar used for bioethanol processing is down 14.3% at 600,000 mt. Wh

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