Tridge summary
European farmers are planting more beet, leading to an increase in the bloc's sugar output. Initial estimates predict that Germany will become the EU's largest sugar producer since the 2020/21 season, with an output of 4.58 million tonnes, marking a 6.5% increase from the previous season. France's output is also expected to rise by 2.8% to 4.49 million tonnes. The European Commission (EC) anticipates EU sugar exports to rise to 4.3 million tonnes in the 2024/25 season, while imports are projected to decrease to 2.1 million tonnes from 2.1.2 million tonnes in the 2023/24 season. The higher supplies are expected to result in EU ending sugar stocks being raised to 1.9 million tonnes by the end of the 2024/25 season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
This year, farmers are planting more beet, which is expected to boost the bloc's sugar output. The beet harvest is now underway in Europe. According to initial estimates, Germany will be the bloc's largest sugar producer for the first time since 2020/21, with 4.58 million tonnes, up 6.5% from the previous season, while output is up 2.8% in France to 4.49 million tonnes. The EC expects EU sugar exports in 2024/25 to reach 4.3 million tonnes, up from 4 million tonnes exported last season, while imports will fall to 2.1 million tonnes from 2.2 million tonnes in 2023/24. Higher supplies will push EU ending sugar stocks up to 1.9 ...
Source: Vinanet
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