date:Apr 10, 2019
year-earlier level, European Commission data shows. Although the imports are capped by a tariff regime, allocated tariff-free flows can still work to cool the market.For the non-EU market, reduced output in a key consuming region such as Europe comes as welcome relief to exporters scrambling for new markets.
Analysts expect the global sugar market to record a deficit of 1.9 million tonnes in 2019/20, but following years of surplus, stockpiles are plentiful, keeping prices stubbornly range-bound