EU: More sugar exported than imported

Published 2024년 12월 5일

Tridge summary

During the 2023/2024 marketing season, the European Union saw a substantial rise in sugar exports, reaching 1.61 million tonnes, compared to 621 thousand tonnes the previous year, resulting in an export surplus of approximately 200 thousand tonnes. Key export markets included the UK, Israel, Turkey, Lebanon, Tunisia, and Switzerland. Meanwhile, imports decreased to 2021/2022 levels, totaling 1.41 million tonnes, mainly from Ukraine, Brazil, and Central America. EU sugar stocks slightly increased to 3.5 million tonnes, with domestic production rising to 15.60 million tonnes. Additionally, isoglucose production in the EU grew to 495,000 tonnes, marking an increase of 62,000 tonnes from the previous season.

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

Original content

Exports outweigh imports EU sugar exports in the 2023/2024 marketing season amounted to almost 1.61 million tonnes, compared to just 621 thousand tonnes in the previous year and 800 thousand tonnes in the 2021/22 marketing year. In the 2023/2024 marketing season, which ended at the end of September, the European Union exported more sugar to third countries than it imported from there. According to the European Commission, based on available preliminary data, there was an export surplus of around 200 thousand tonnes of sugar. The main reason was a significant increase in exports, while imports fell to the level of the 2021/2022 season. Of the sugar exported from the EU from October 2023 to the end of August 2024, 13% went to the UK, 12% to Israel, 7% to Turkey, 6% each. to Lebanon and Tunisia and 5% to Switzerland. Sugar purchases In the reporting year, the EU purchased 1.41 million tonnes of sugar from third countries, the same as in 2021/2022. In the previous year, 2.56 million ...

Source: Farmer.pl