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The sugar industry hopes to get out of the spiral of low prices

2021-05-06T14:25:06.399Z

Without a rise in prices, it will be difficult to halt the decline in agricultural areas dedicated to beets.



While the prices of agricultural raw materials have been soaring for eight months, sugar has escaped the inflationary fever.

At least in its European markets, where prices are climbing a little but remain below 400 euros per tonne.

At issue: the strong contractualization of the sector, which negotiates its prices with manufacturers for a year, or even more.

To read also:

Understanding this "sugar crisis" which hits the French beet growers

But the situation could change, while the contracts for 2022 will be renegotiated this summer. France, the leading producer country in Europe, foresees a new complicated campaign.

After the 2020 beet yellows, the consequences of the recent wave of frost on crops are expected to push prices up.

In any case, this is what the sugar groups are hoping for, who intend to upgrade their products to their industrial customers.

All the more so with 15.6 million tonnes of white sugar in the previous campaign, Europe is in deficit by 2 million tonnes, which puts sugar producers in a favorable position for

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Source: lefigaro

All business articles on 2021-05-06

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