Beet planting will increase more than 20% in Spain due to good sugar prices

Published Apr 19, 2024

Tridge summary

Beet cultivation in Spain is anticipated to increase by over 20% annually in 2024, fueled by high sugar prices and favorable weather conditions, marking a recovery from the downturn post-2017 due to the EU's sugar quota liberalization. This growth, particularly in Castilla y León and Andalusia, is supported by the Common Agricultural Policy's environmental rules encouraging crop rotation, offering agronomic benefits for corn producers seeking alternative crops. Despite potential CAP adjustments amid agricultural protests, the expansion in beet planting is mainly attributed to strong international sugar prices, as noted by leading sugar producers AB Azucarera and the ACOR cooperative.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Beet planting is expanding due to its profitability and with good forecasts after the rains, according to AB Azucarera and the ACOR cooperative - the two companies that grind to produce sugar in Spain. Beet cultivation is recovering in Spain and will grow more than 20% annually in 2024, thanks to the profitability for farmers due to high sugar prices, and with a favorable outlook because the rains will guarantee irrigation. The spokespersons for AB Azucarera and the ACOR cooperative - the two companies that grind beets to produce sugar in Spain - have highlighted to Efeagro that the forecasts are very good and that the crop is going through a good moment because "the bills work out for the farmer." . The annual increase in surface area will be between 22% and 28%, according to different estimates, and the main reason is in sugar prices, although beet benefits from the environmental rules of the Common Agricultural Policy (CAP) that promotes crop rotation. In any case, companies ...
Source: PEefeagro
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