date:Apr 10, 2019
er, expects a full-year loss for 2018/19.
Agritel analyst Francois Thaury said the EU spot price rise was for now hurting regional sugar makers, many of which sold forward expecting a bumper crop and have been left scrambling for spot supplies to fill sales obligations.
They should eventually benefit, he said, but noted that EU sugar imports were also rising, meaning prices were capped and could come off the boil.
Sugar imports into the EU were at 163,000 tonnes in January, around double the