News

In Europe, sugar has risen in price by 50-60% per year

Sugar Beet
Sugar
Vegetables
Published Feb 4, 2023

Tridge summary

According to experts, the rise in prices for this product will continue Products in the EU countries have risen in price by an average of 20-30% over the year against the backdrop of the energy crisis. At the same time, sugar prices in some countries increased by 50-60%. Local factories are reducing production, and exporters are cutting supplies of this product, Izvestia writes. Food inflation in the EU in December amounted to 18.2%, and in the eurozone - 16.2%. The highest rates of price growth were noted in Hungary - almost 50%, followed by Lithuania - 33.5%, followed by Estonia - 30.8%. According to the December data of the European Commission, last year sugar prices in Estonia doubled, in the Czech Republic - by 98.9%, in Poland - by 87.4%, in Germany - by 63%, in Italy and Spain - by 51%. in France - by 23%. This was partly due to the low sugar beet harvest in Europe. According to Südzucker, the continent's largest sugar producer, the area devoted to growing sugar beets has dropped by 4% this year.

Original content

According to experts, the rise in prices for this product will continue Products in the EU countries have risen in price by an average of 20-30% over the year against the backdrop of the energy crisis. At the same time, sugar prices in some countries increased by 50-60%. Local factories are reducing production, and exporters are cutting supplies of this product, Izvestia writes. Food inflation in the EU in December amounted to 18.2%, and in the Eurozone - 16.2%. The highest price growth rates were noted in Hungary - almost 50%, Lithuania is in second place - 33.5%, then Estonia - 30.8%. According to the December data of the European Commission, over the past year in Estonia, sugar prices have doubled, in the Czech Republic - by 98.9%, in Poland - by 87.4%, in Germany - by 63%, in Italy and Spain - by 51%, in France — by 23%. This was partly due to the low sugar beet harvest in Europe. According to Südzucker, the continent's largest sugar producer, the area devoted to growing sugar ...
Source: Specagro
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