The average world market price of white sugar in August 2022 was EUR 534/ton

Published 2022년 10월 19일

Tridge summary

The average world market price of white sugar in August 2022 remained stable at EUR 534/ton. The EU's average price for white sugar rose by 2% to EUR 484/ton. The highest average price in the EU was in the 3rd region, which included southern countries, with a price of 623 euros/ton, a 7% increase. The EU's sugar imports for the 2021/2022 economic year were 1435 thousand tons, with a decrease of 19% in imports under duty-free agreements. Approximately 91% of the EU's preferential tariff quota for sugar was used by Central America. The EU's sugar exports for the same period were 790,000 tons, a 3% increase, with the United Kingdom being the main recipient.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The average world market price of white sugar in August 2022 was EUR 534/ton, unchanged compared to July. On the London Mercantile Exchange (LIFFE), the front-month quote for white sugar rose from $535 (USD)/ton on October 5 to $559/ton on October 14. The front-month quote for raw sugar was 396 dollars/ton at the beginning of the examined period, and then increased to 415 dollars/ton by the end of the period. According to data from the European Commission, the average price of white sugar in the EU in August 2022 was EUR 484/ton, an increase of 2 percent compared to the previous month. For data protection reasons, the European Union cannot publish the price of white sugar processors per member country, so it forms three regional average prices from the reported data of the member countries and makes them public. In August, the average price of region 1 (Austria, Czech Republic, Denmark, Finland, Hungary, Lithuania, Poland, Sweden, Slovakia) was 467 euros/ton (+5 percent). The ...

Source: Magro