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Sugar production in the European Union to rise in 2016/17

 

The production of white sugar in the European Union is expected to rise in the 2016/17 season, but still below average, forecasted by the European Commission on Friday.

It is estimated that EU production of white sugar will rise 9.7 percent to 16.3 million tons, which will still be well below the record of 19.5 million tons registered in 2014/15.

“The planting of sugar beet  has been conservative, with a high of 2.4 percent in the area before 2015/16, but still 7 percent below the five-year average,” the Commission said.

“The below- the -average production of white sugar should further limit the availability in the EU sugar market,” added the commission, who sees potential for higher prices and rising imports.

Large stocks after the record harvest of 2014/15 led to a sharp reduction in planting last season, as the beet sugar production fell to its lowest level in 10 years.

Source: (Reuters)

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