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Rabobank: 'Opkomende landen bewegen suikermarkt'

Rabobank: 'Opkomende landen bewegen suikermarkt'
This news article has been translated to English.
Sugar
Sugar
World
Jan 8, 2021
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Rabobank reports this in response to the Word 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 was produced and the EU exported more sugar than it imported. Regional drought But this position was short-lived. Due to a regional drought in 2018, the closure of European sugar factories and an increase in disease pressure in the cultivation of sugar beet, European sugar production has decreased to about 17 million tonnes. Since the ...
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