Market info - sugar
Because of very low stocks, and oversold contracts, producers will start production earlier this year, while sugar content is not fully developed yet.There are big leaves on the beets because of abundant rains during summer, but the sugar content is below -5 year average because of lack of sun.
World market prices for sugar are at the highest level since 2017.
Europe still faces a structural deficit for sugar, so sugar needs to be imported from outside EU at higher prices.
No carry-over from previous crops.
Some producers are already virtually sold out. They cannot take any new volumes for new customers or extra volumes.