date:Sep 11, 2018
Associated British Foods said Monday sugar production at its AB Sugar unit was set to total 1.37 million mt in its 2017-18 financial year ending September 15, up from 900,000 mt in 2016-17.
After EU production quotas were removed in October 2017, increased sugar beet planted area and increased yields pushed EU production up 23.2% for the 2017-18 season to 22.8 million mt.
That saw the domestic delivered price for Northwest Europe fall 34.2% year on year to be at Eur322/mt ($373/mt) for the firs