EU-28: Sugar Annual
EU sugar production in MY 2019/20 is forecast at 19.4 million MT, up from 18.2 million MT in MY 2018/19 in which an enduring summer drought took a significant toll on beet growth, but well below the record 20.5 million MT production in MY 2017/18. EU sugar imports are seen stable at 1.5 million MT; while EU exports fluctuate with production, up again at 2.4 million MT in MY 2019/20, from 2.0 million MT in MY 2018/19, but much lower than the 3.9 million MT in MY 2017/18. EU sugar consumption is slowly decreasing to 18.5 million MT in MY 2019/20. Ending stocks are forecast to remain stable at 1 million MT in MY 2019/20 and MY 2018/19, but down from 2 million MT in MY 2017/18.