date:Apr 10, 2019
Spot sugar prices in the European Union are recovering from last years record lows as world prices languish, prompting a pick-up in imports to one of the few global regions where output is slumping.
The EU sugar market is restructuring, with Europes biggest sugar refiner Suedzucker planning to shut five plants next season in a bid to combat overproduction, which soared in 2017/18 after the EU scrapped output and export quotas.
Spot EU white sugar prices were at 422 euros ($474) a tonne in late