Brace for Even Higher Sugar Prices, Europe’s Top Producer Warns

Thursday, June 16, 2022
European sugar prices will keep climbing as producers pass on higher costs and supplies remain tight, the region’s top sugar company said. Farmers and processors are being squeezed by bigger energy bills and higher costs for important inputs like fertilizers. At the same time, output is being threatened by beet growers switching to crops such as grains and oilseeds that have become more profitable following the war in Ukraine.Suedzucker spokesperson Dominik Risser said the company expects another increase in prices to customers for the upcoming season due to the ongoing deficit in the sugar markets.
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