EU-28: Sugar Semi-annual
EU sugar production for food in MY 2014/15 is forecast at 16.3 million MT, up from 16.0 million MT in MY 2013/14, but down from 16.6 million MT in MY 2012/13. EU sugar imports in MY 2013/14 remains at 3.3 million MT, as a preferential import quota for Brazil for 325,000 MT is still unused. Forecasts for MY 2014/15 expect EU sugar imports to increase again to 3.5 million MT as new EU FTA’s become operational. EU sugar exports in MY 2014/15 are WTO limited at 1.5 million MT, about the same level as MY 2013/14 exports. EU sugar consumption for food is forecast to increase to 18.5 million MT in MY 2014/15, up from 18.3 million MT in MY 2013/14, as EU prices are expected to further decrease following the decline in world prices.
