Ukrainian sugar imports data mysteries - who's correct? TAXUD or the Ukrainian ministry?

May 3, 2024

Ukrainian sugar imports data mysteries - who's correct? Taxud or the Ukrainian ministry? The TAXUD data is late and sometimes contains manifest errors.

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2022/23 EU Sugar production to drop to 15.8 million tonnes as EU sugar stocks recover

July 8, 2022

The European Commission estimates that EU27 sugar production will decrease by 5% in 2022/23 owing to the recent dry and hot weather. However, due to the increase in production last year 2021/22, EU ending stocks of sugar are expected to recover to 1.9 million tonnes, more than 50% higher than the very low ending stocks last year of 1.2 million tonnes.

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EU sugar stocks rise 315,000 tonnes y-o-y in December

February 28, 2022

EU sugar stocks rise 315,000 tonnes y-o-y in December - latest EC data shows‍Perhaps presaging an easing of domestic EU sugar prices, the latest EU Commission data shows that stocks of sugar at the end of December 2021 were 315,000 tonnes higher than they were last December.

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Region 3 sugar prices rise sharply as energy costs rise and Ukraine crisis intensifies

February 24, 2022

The increasing costs of energy are likely to cost EU sugar producers - especially refiners - dearly. It may be estimated that the cost of refining imported bulk raw sugar could already have increased by 20% to 30%. Moreover, EU sugar beet farmers will suffer increasing costs of diesel and fertilizers. News today that Russia has invaded Ukraine, sending Brent Crude sharply up to $104 a barrel and stock markets plunging, seems likely to send EU sugar prices even higher.

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EU sugar sector has shown satisfactory overall resilience

February 6, 2022

The long awaited "Study on the adaptation strategies of the sugar supply chain after the end of the sugar quotas" is disappointing. Of the many available risk management tools and policies examined in the study, VCS is described as being “the only measure that proved to be effective in supporting the incomes of sugar beet growers undergoing difficulties”. The study also promises to identify and quantify the main challenges faced by the sector, and to identify the drivers of sugar selling prices in Europe (one finds oneself really excited to turn to this chapter of the study!), but empirically it fails to do so, perhaps for understandable reasons, but it's still disappointing that the study has not been innovative.

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EU27 sugar stocks the lowest in 12 years at 8,029,000 tonnes in November, with sugar prices continuing to rise

January 28, 2022

Sugar stocks in the European Union of 27 member states were reported by the European Commission to have reached just over eight million tonnes at the end of November, the lowest level since 2010.

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EU sugar prices continue to rise slowly

January 21, 2022

The European Commission today (21 January 2022) reported that the average EU sugar price (based on invoices issued in November 2021) has risen to 420 €/t from 417 €/t in October.

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Imports of organic sugar into the EU fall 10% in 2020

June 10, 2021

The European Commission has today (9 June 2021) published market analysis on "EU imports of organic agri-food products: key developments in 2020".

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UK sugar trade in February shows little sign of life post-Brexit

April 13, 2021

UK trade in sugar remained minimal, ONS data released on 13 April 2021 showed.

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EU sugar prices rise a little

March 27, 2021

Reported EU sugar prices rise 9 €/t to 388 €/t in January 2021 to the highest level since the end of 2017.

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