News

World: 'Emerging markets set the sugar market in motion'

Sugar
World
Published Dec 23, 2020

Tridge summary

Brazil, Thailand and India are the main exporters of sugar. These countries mainly export to emerging markets in Africa and Asia, where sugar consumption is increasing. Together they set the sugar market in motion.

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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