EU sugar output seen higher in 2021/22, stocks to climb
Reuters via Nasdaq
Tuesday, July 6, 2021
LONDON, July 6 (Reuters) - Sugar production in the European Union is forecast to rise in the 2021/22 season leading to an increase in stocks of the sweetener, the European Commission said on Tuesday in a short-term outlook report. The EU's executive projected white sugar production would rise to 15.5 million tonnes in 2021/22, up from the prior season's 14.5 million. Sugar beet yields were forecast at 74 tonnes per hectare, in line with the five-year average but 10% higher than the previous season. Sugar beet area was also seen rising by 1% to 1.5 million hectares. "Cold spells and frosts during the sowing campaign led to some lost plantings, although most of them could still be re-sown. The cold weather in the spring has reduced the pest and disease pressure, which is having a positive impact on yields," the report said. Stocks at the end of the 2021/22 season were seen at 1.4 million tonnes, up 28% from 1.1 million a year earlier.Click here to connect to the source of this storyClick here for more News and Views
As I browse the web researching various topics concerning the EU and UK sugar markets, I've been bookmarking interesting weblinks. Some of these are news clippings, some are links to official documents, and some are interesting data sources.