EU sugar beet area likely to expand no more than 3% — Tereos
The area planted with sugar beet in the European Union could rise by just 2-3% next season despite high sugar prices, the chief executive of France's largest sugar producer Tereos said at a conference in Dubai on Thursday.
It is reported by Nasdaq.
Olivier Leducq stressed that the relatively small rise in light of high sugar and sugar beet prices reflected high costs, farmer concerns about a fall in yields due to adverse weather and pest attacks, as seen in previous years, and EU regulations.
European farmers have also been encouraged not to raise their plantings this spring to avoid a fall in prices at a time when the bloc is facing a surge in imports of Ukrainian sugar.