“We can now cautiously assume that sugar prices in the EU have reached their lowest level. Despite long campaigns and high production volumes, the lower beet acreage expected next year is slowly being reflected in prices,” explains CEO of Nordzucker Lars Gorissen. “We have adjusted our beet delivery contracts for the coming year to reflect market conditions and will produce less sugar in 2025. This is a contribution to the gradual normalisation of the market,” continues Lars Gorissen. Overall, a great deal of sugar is currently being produced in the EU due to good growing conditions and, most recently, very attractive beet prices. “The excessive sugar volumes of this campaign require a variety of measures, such as increased exports, when world market prices are low. We are also increasing the amount of bioethanol produced and storing larger quantities of sugar for liquid sugar production,” explains COO Alexander Godow.