2022
The negative trend affecting sugar production continued during 2022 due to geopolitical, climatic and above all, energy related factors. Russia’s invasion of Ukraine, in fact, led to a sharp decrease in the natural gas and grains supplying Europe. As a result, sugar prices, which had already been pushed upwards after the post-Covid economic recovery, had […]
2021
In 2021, the prolonged months of drought in Brazil affected the cane yield of the world’s leading sugar producer significantly, thus bringing the world budget into a deficit. This caused a strong appreciation in the international sugar market and also in European’s one. A further boost in price came from the recovery in consumption following […]
2020
The European sugar sector was slowly recovering from its typical price levels, however, during the first quarter of 2020, the market suddently changed due to several factors all regarding the pandemic. First of all, there was a drastic reduction in consumptions, which triggered a strong and sudden drop in the raw materials’ prices. This caused […]
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 […]
2018
During 2018 the weather conditions had been radically different from the ideal ones recorded in 2017. In detail: the delays in the sowing phase caused by the abundant spring rains and the following drought in the summer months, led the European beet industry into a downward spiral. As a consequence, the total sugar output was […]
2017
2017 was a year in which the initial yield’s predictions turned out to be significantly inaccurate. Towards the end of 2016, the European Commission, in fact, had estimated that the total sugar stocks would have been below 1 million tonnes, the lowest level in the last 10 years. But, what initially seemed to be a […]
Towards a NEW MARKET…
In October 2017, the European Union will abolish the system which has always supported the community sugar market. This change will end the distinction between quota and non-quota sugar and will thus remove the barriers to exports. The aim is to create a more competitive sector able to generate lower prices, preparing the European sugar market […]