EU sugar production expected to recover in 2021/22

Published 2022년 1월 4일

Tridge summary

The article discusses the impact of warmer weather and the EU's ban on neonicotinoids on sugar production in Europe, noting a significant increase in the first sugar production in the 2021/22 season. Despite concerns about low sugar content and increased production costs, the number of sugar imports has declined due to high world market prices and unattractive freight rates. The article also touches on the potential impact of the omicron variant on sugar consumption and the expansion of E10 gasoline use in Europe, which is expected to increase ethanol demand and therefore industrial demand for sugar.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Last season's crop, warmer weather and in particular the EU's ban on the use of neonicotinoids to kill the yellowing virus made plants highly susceptible to the virus. Weak sunshine in summer puts sugar cane at its lowest level in many years, but is not expected to be as low as initially feared. The sugar beet harvest is now nearing completion, with the release of the French Ministry of Agriculture's estimate for the first sugar production in the 2021/22 season at 4.36 million tonnes, up sharply from 3.445 million tonnes in the previous season. before. S&P Global Platts Analytics estimates EU and UK sugar production for 2021/22 at 17.495 million tonnes, up from 15.565 million tonnes in the previous season. Initial concerns about low sugar content, coupled with rising energy prices and higher production costs, pushed up sugar prices, prompting many producers to stock up. Sugar imports on the world market to regions with shortages, such as Italy and Greece, have declined in ...
Source: Vinanet

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