European Union: Sugar Semi-annual

The revised EU27 sugar production forecast for market year (MY) 2021/22 is 16.6 million metric tons (MMT) in Raw Sugar Equivalents (RSE) as it suffered less from beet yellows virus (BYV) disease than the MY 2020/21 production. However, it remained 450,000 metric tons (MT) below the MY 2019/20 production. The EU27 sugar consumption for MY 2021/22 is forecast to remain below pre-COVID-19 levels at 16.9 MMT, up from 16.7 MMT in MY 2020/21, as the EU food industry is embarking on a program to reduce sugar contents in food products by 10 percent by 2025. The EU27 sugar imports in MY 2021/22 are forecast at 2 MMT, but high world sugar prices caused them to drop to 1.5 MMT in MY 2020/21. EU27 sugar exports for MY 2021/22 are forecast up to 1.3 MMT RSE, with MY 2020/21 exports performing better than anticipated and only 200,000 MT below MY 2019/20.