Will ruinous EU sugar market prices soon be a thing of the past
Sugar
Published Mar 3, 2022
Tridge summary
On the EU sugar market, the difficult phase of ruinous prices as a result of the period of overproduction seems to have been overcome. By reducing land, beet farmers in Europe have helped to bring supply and demand back into balance and stabilize sugar prices again, said Ernst Karpfinger, President of the Beet Farmers' Association for Lower Austria and Vienna, which represents 4,000 members. The prices are therefore slowly developing to a level at which both the sugar industry and the beet farmers will soon be able to do business positively again, quotes aiz.info.
Original content
As a result, the sugar beet remains competitive and can therefore remain an important component in the crop rotations of arable farms, said Karpfinger. Green Deal causes concern The beet farmer president is concerned about the effects of the Green Deal, in which massive reductions in the use of fertilizers and pesticides were announced. "It is incomprehensible why Europe is constantly imposing even stricter production standards, which means that some crops such as sugar beet are endangered. There is a risk that Europe's self-sufficiency in basic foodstuffs will be jeopardized more and more with every tightening of the framework conditions and as a result Europe will become even more dependent on imports," warns Karpfinger. EU must not endanger domestic production The President sees the initiative of the European Commission positively, which is currently drafting a regulation to ultimately prevent the destruction of the primeval forest by taking into account and ensuring local ...
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