European Union: Sugar Annual

  |   Attaché Report (GAIN)   |   E42024-0010

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European Union: Sugar Annual
EU27 beet sugar production for MY 2024/25 is projected to remain unchanged at 14.8 million metric tons (MMT), with increased cultivation across member states offsetting a slight decline in France. The upcoming season presents opportunities for increased sugar prices, but also challenges like the ban on neonicotinoids threatening pest control and unpredictable weather patterns driven by climate change. EU27 sugar consumption is anticipated to remain stable at 16.8 MMT, but the influx of refugees from Ukraine may skew per capita estimations. While high EU sugar prices could drive a shift to other sweeteners like isoglucose, production is expected to remain stable. EU27 sugar imports in MY 2024/25 are forecasted to hold steady at 3.0 MMT, compared to 3.1 MMT in MY 2022/23. Similarly, the EU27 sugar export forecast for MY 2024/25 remains consistent compared to MY 2023/24 and 27 percent higher than in MY 2022/23.
Europe and Eurasia, European Union
Sugar

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