European Union: Sugar Annual

European Union (EU) sugar production in Marketing Year (MY) 2020/21 is forecast to increase to 17.7 million MT, up from 17.25 Million MT in MY 2019/20, despite a 30,000 hectares (ha) decrease in sugar beet acreage compared to 2019. MY 2019/20 beet processing is just finishing as wet autumn weather severely hampered beet harvesting. EU sugar consumption has been stable in recent years at 18.6 million MT, with the strengthening trend for lower sugar consumption being offset by the increase in population. EU sugar imports in MY 2020/21 are forecast at 2.1 million MT, a 200,000 MT drop from the MY 2019/20 level, while EU sugar exports in MY 2020/21 are forecast to recover to 1.5 million MT from 1.2 million MT in MY 2019/20. EU MY 2020/21 sugar ending stocks are to fall below 1 million MT, down from 1.2 million MT at the end of MY 2019/20.

European Union: Sugar Annual