News

Global: Beet sugar production in Europe increases with rising prices

Sugar
Brazil
Market & Price Trends
France
Published Nov 25, 2023

Tridge summary

European beet sugar producers, particularly in countries like Poland, Spain, and Romania, are increasing the area cultivated with beet by 1.5 million hectares. However, in France, the main sugar producer in Europe, the cultivation area is being reduced by 6% due to a ban on neonicotinoid-based insecticides in beet crops. Despite the challenges, global sugar production is anticipated to increase by 8.2 million tons in the 2023/24 harvest, mainly driven by Brazil and India. Furthermore, global sugar consumption is expected to increase by 1.2%, resulting in a decrease in global sugar stocks for the third consecutive year.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The bloc, the third largest producer in the world, behind only Brazil and India, will see an increase in the area cultivated with beet by 1.5 million hectares, especially in countries such as Poland, Spain and Romania. In contrast, France, the main sugar producer in Europe, will reduce the cultivation area by 6%. The decision by French farmers to diversify their agricultural area comes after the European Court of Justice banned the use of neonicotinoid-based insecticides in beet crops. This pesticide was used to contain aphids responsible for spreading the beetroot yellow virus. Even without effective alternatives to control the disease, current sugar prices guarantee profitability in some regions, such as Poland. The USDA anticipates two new plants coming into operation in Romania, with some support from the local government. Data from consultancy Datagro indicate that the average cost of producing beet sugar in Europe is around US$0.23 per pound. Currently, in New York, the ...
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