Tridge summary
Rabobank's World Sugar Map report reveals the significant shifts in the global sugar market since the EU's 2017 sugar market reforms, which abolished quota restrictions. This change has allowed the EU to fluctuate between being a net importer or exporter of sugar, depending on production yields and global market dynamics. The report highlights the rise in sugar consumption in Asia and Africa, with these regions becoming increasingly important in the global sugar market due to their high growth rates. Meanwhile, Brazil, Thailand, and India emerge as key exporters to these regions. For Dutch sugar beet growers, Rabobank underscores the influence of the global sugar market on pricing, the efforts to add more value to the sugar beet beyond sugar, and the adoption of precision agriculture techniques to enhance sustainability and efficiency in cultivation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Rabobank reports this in response to the World Sugar Map. Reforms of the European sugar market in 2017 mean that Dutch sugar beet growers are more connected to the global sugar market. An important development in the global sugar trade is an increase in sugar consumption in emerging markets in Africa and Asia. The role of the European Union (EU) on the global sugar market changed structurally due to the abolition of the European sugar quota in 2017. Since that year there are no longer any restrictions on the amount of sugar that can be produced in the EU. A direct consequence of this was that in the 2017/2018 season, 21 million tonnes of sugar were produced and the EU exported more sugar than it imported. Sugar production down But this position was short-lived. Due to a regional drought in 2018, the closure of European sugar factories and increased disease pressure in the cultivation of sugar beet, European sugar production fell to approximately 17 million tonnes. Since the ...
Source: Nieuwe Oogst
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