EU Sugar Industry Hits The Brakes
One could be tempted to say that it was a question of who will blink first in the brutal fight for market share in the EU sugar industry. When the quotas were abolished in October 2017 all European operators boasted that their expansion plans would finally make them leaner and meaner. Both the domestic and the export market were considered as promising outlets for beet sugar made in the EU. At the same time they acknowledged that the next two years would be painful but that they would have sufficient financial resources to weather the storm.
The overall EU sugar exports fell to 192,000 tonnes in December 2018 whilst Germany's largest sugar producer and EU market leader Südzucker announced significant restructuring plans, notably the reduction of its production volume by up to 700,000 tonnes. Investors welcomed the step and shares in the company posted healthy gains. Click below to find out current trends on the global sugar trade including supply and demand trends across the EU, Mexico and the BRIC economies.