Südzucker expects sugar prices to recover as EU supply tightens
Europe’s largest sugar producer, Südzucker, said on Thursday that it expects sugar prices to recover after recently falling to their lowest levels in four years, as drought and insufficient rainfall negatively affect sugar beet yields.
Südzucker CEO Niels Pörksen said that lower production volumes would be one of the factors driving sugar prices higher, while some of the raw material would be diverted to ethanol production instead of being processed into white sugar, further tightening market supply.
Read also
Delays in edible oil shipments could force Ukrainian oilseed crushing plants to sh...
Ukraine resumes sunseed exports to Bulgaria after September pause
Black Sea grain surplus could trigger a collapse in global prices once ports reopen
EU records worst corn harvest in 20 years at 50.2 mln tons
India to launch sunflower oil futures trading
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon