The EU will increase sugar imports, thanks in particular to Ukraine

Published Oct 12, 2024

Tridge summary

The USDA forecasts that prolonged rains and dry weather in key European countries will impact the growth of sugar beets, despite a 6% increase in acreage. As a result, the EU's new sugar consumption is expected to remain at 16.5 million tons, but imports may rise to 2.4 million tons, primarily from Ukraine, while exports are predicted to drop to 1.1 million tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This is stated in the forecast of the US Department of Agriculture (USDA). It said that despite a 6% increase in sugar beet acreage, prolonged rains in Belgium, France and the Czech Republic delayed planting, while dry weather in other countries such as Hungary affected the growing season, creating uncertainty about development sugar beets of the current year. It is predicted that in the new season sugar consumption in the EU should remain at the level of 16.5 million tons, while sugar imports may increase to 2.4 million tons, ...

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