Nordzucker - EU market update

Nordzucker AG
Tuesday, June 6, 2023
Nordzucker has successfully completed sugar production from sugar beet and sugar cane at all its factories in the seven European countries. Yields are behind the 5-year average due to heat and drought in many regions. Thus, beet sugar production has been almost 10% below previous year and the gap has been largely covered by processing raw cane sugar in our refineries in Finland and Poland. In Germany, Denmark and Lithuania, organic beet was again processed into organic sugar in the first days of the campaign. Sowing is now complete for the new season in all our countries. The period of drilling the beet seeds was repeatedly interrupted by rainfall and thus extended over an unusual long period. The sugar beet development varied accordingly and was delayed by an average of 14 days compared to previous years. In Lithuania, about 80 hectares had to be re-drilled after frost nights. Late sowing does not necessarily lead to lower production, but it is certainly not helpful.
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