As quantities of sugar imported into the EU dwindle, one wonders if domestic sugar prices may now stabilize after October’s dramatic collapse?
See an EU and UK sugar markets update and outlook report on LinkedIn here: https://www.linkedin.com/posts/hools_eu-and-uk-sugar-markets-update-and-outlook-activity-7275666416089874434-ySTS
Read moreRetail sugar price inflation falls to negative 5.1% from -4.7% last month (EU and UK weighted average) but remains stubbornly high in the United Kingdom
Retail sugar price inflation in July 2024 fell to negative 4.6% year-on-year in Region 1, negative 0.6% y-o-y in Region 2 and negative 9.0% y-o-y in Region 3 (averages weighted by sugar consumption), according to data released by Eurostat on 20 August.
Read moreUkrainian sugar imports data mysteries - who's correct? TAXUD or the Ukrainian ministry?
Ukrainian sugar imports data mysteries - who's correct? Taxud or the Ukrainian ministry? The TAXUD data is late and sometimes contains manifest errors.
Read more2022/23 EU Sugar production to drop to 15.8 million tonnes as EU sugar stocks recover
The European Commission estimates that EU27 sugar production will decrease by 5% in 2022/23 owing to the recent dry and hot weather. However, due to the increase in production last year 2021/22, EU ending stocks of sugar are expected to recover to 1.9 million tonnes, more than 50% higher than the very low ending stocks last year of 1.2 million tonnes.
Read moreEU sugar stocks rise 315,000 tonnes y-o-y in December
EU sugar stocks rise 315,000 tonnes y-o-y in December - latest EC data showsPerhaps presaging an easing of domestic EU sugar prices, the latest EU Commission data shows that stocks of sugar at the end of December 2021 were 315,000 tonnes higher than they were last December.
Read moreRegion 3 sugar prices rise sharply as energy costs rise and Ukraine crisis intensifies
The increasing costs of energy are likely to cost EU sugar producers - especially refiners - dearly. It may be estimated that the cost of refining imported bulk raw sugar could already have increased by 20% to 30%. Moreover, EU sugar beet farmers will suffer increasing costs of diesel and fertilizers. News today that Russia has invaded Ukraine, sending Brent Crude sharply up to $104 a barrel and stock markets plunging, seems likely to send EU sugar prices even higher.
Read moreEU sugar sector has shown satisfactory overall resilience
The long awaited "Study on the adaptation strategies of the sugar supply chain after the end of the sugar quotas" is disappointing. Of the many available risk management tools and policies examined in the study, VCS is described as being “the only measure that proved to be effective in supporting the incomes of sugar beet growers undergoing difficulties”. The study also promises to identify and quantify the main challenges faced by the sector, and to identify the drivers of sugar selling prices in Europe (one finds oneself really excited to turn to this chapter of the study!), but empirically it fails to do so, perhaps for understandable reasons, but it's still disappointing that the study has not been innovative.
Read moreEU27 sugar stocks the lowest in 12 years at 8,029,000 tonnes in November, with sugar prices continuing to rise
Sugar stocks in the European Union of 27 member states were reported by the European Commission to have reached just over eight million tonnes at the end of November, the lowest level since 2010.
Read moreEU sugar prices continue to rise slowly
The European Commission today (21 January 2022) reported that the average EU sugar price (based on invoices issued in November 2021) has risen to 420 €/t from 417 €/t in October.
Read moreImports of organic sugar into the EU fall 10% in 2020
The European Commission has today (9 June 2021) published market analysis on "EU imports of organic agri-food products: key developments in 2020".
Read moreUK sugar trade in February shows little sign of life post-Brexit
UK trade in sugar remained minimal, ONS data released on 13 April 2021 showed.
Read moreEU sugar prices rise a little
Reported EU sugar prices rise 9 €/t to 388 €/t in January 2021 to the highest level since the end of 2017.
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