EU sugar prices rise sharply as energy costs rise and Ukraine crisis intensifies
Friday, February 25, 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.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.