Barely out of a crisis of overproduction, the sugar groups are once again facing headwinds. With the health crisis, the closure of cafes and restaurants or even restrictions on transport to confined countries, world sugar prices have fallen since the start of the year, by almost 30% to fall to 11 cents per pound at New York.
Read also: Sugar: Tereos returns to the benefits and wants to be confident, despite the pandemic
Same effect on ethanol: after a drop in consumption in Europe in half in April, European prices have fallen by a third since January. A drop linked to transport limitations and the plummeting oil prices, making the ethanol alternative much less attractive.
To make matters worse, there are gloomy prospects for the next harvest. With the heat of spring, French beets undergo an invasion of aphids threatening the 2020-2021 campaign. If it is too early to assess the impact of the phenomenon, the French number two Cristal Union alerted at the end of May: "This situation
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