EU-28: Sugar Semi-annual
Link to report:
As a result of another dry growing season in 2019, European Union (EU) sugar production for marketing year (MY) 2019/20 is now forecast at 17.9 million metric tons (MT) in raw sugar equivalent (RSE). It is expected to be short of the EU consumption of 18.6 million MT for the second year in a row out of three after the end of the EU sugar quota regime. While this MY 2019/20 production forecast is 0.3 million MT above the new expected MY 2018/19 production of 17.6 million MT, it should turn the EU into a net sugar importer of half a million MT, compared to the net exports of almost 2.6 million MT in MY 2017/2018. At the same time, it should leave the EU with low MY 2019/20 ending stocks of less than 1 million MT. EU sugar consumption is seen to remain stable despite reports of a decreasing sugar appetite.
