2019

As a result of the unfortunate weather conditions, the 2019 sugar campaign produced slight less than the prior year for a total of 17.4 tonnes.  Thus, the European exports had fallen by around 50% YOY in order to prioritize the domestic demand, bringing the European sugar price to around $500/ton.  On the consumption side, there was an overall increase from the raising global population and in the EU the trend was decreasing due to the spread of health policies such as the sugar tax involving the soft drinks industry.