Amongst other household essentials, sugar prices have soared to record highs over the past year.
EU sugar industry in existential crisis as court bans neonicotinoids use [Full subscriber]
The EU Court of Justice (ECJ) ruled on January 19 that member states will no longer be allowed to grant derogations temporarily permitting the use of seeds treated with neonicotinoids.
EU + UK sugar production to fall in 2022/23 [Full subscriber]
With the 2022/23 campaign in full swing in the European Union, sugar production is forecast to fall by 6.9% to 15.5 million tonnes following a drop in beet acreage and a severe summer drought in many parts of the trading bloc, according to the European Commission.
EU – Sugar prices surge amid reduced production and rising energy costs [Full subscriber]
European Union is experiencing record-high sugar prices, nearly three times the levels seen a year ago, following reduced output after a long drought and a rise in energy costs. This is forcing confectioners to consider production cuts, reported Reuters.
EU adjusts sugar quota for Brazil now that UK is not in the EU [Full subscriber]
Brazil and the European Union (EU) have concluded a bilateral agreement whereby low-tariff quotas for several agricultural products, including sugar, have been recalibrated following United Kingdom’s exit from the EU, reported Valor Economico.
EU-India trade – European Parliament denies India concessions on sugar [Full subscriber]
The European Parliament plenary called for no EU concessions on sugar in the ongoing trade negotiations with India on 5th July 2022. This follows WTO’s ruling against India’s sugar subsidies after a formal complaint by Brazil, Australia, and Guatemala a few years ago.
Sugar beet growers in Europe incentivised with high prices to maintain production [Full subscriber]
Several top sugar companies in France, UK and Germany have offered high prices for sugar beet to encourage them to stay in the sector and supply beet to their factories
EU agrees to support green hydrogen sector with subsidies to boost output [Full subscriber]
The European Commission (EC) and 20 manufacturers have signed a Joint Declaration to ensure that enough electrolysers will be made in Europe to meet the EU’s goal of producing 10 million tonnes of green hydrogen by 2030.
Canada lowers anti-subsidy tariffs on EU sugar following investigation [Registered]
The European Sugar Industry Confederation (CEFS) announced on 31st March that Canada’s Border Protection Agency (CBSA) concluded its investigation on 30th March into anti-subsidy duties on refined sugar from the EU and anti-dumping duties on refined sugar from Denmark, Germany, the Netherlands, the United Kingdom and the United States
Germany – WVZ lodges complaint with the EU against coupled payments for beet growers in some member states [Full subscriber]
The German sugar industry’s association Wirtschaftsvereinigung Zucker (WVZ), has lodged a complaint with the EU Commission against coupled payments for the cultivation of sugar beet enjoyed by growers in several countries in the EU.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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