EU sugar production 22/23 will decrease by 250,000 t — USDA
European Union production is forecast down 250,000 tonnes — to 16.3 million.
It is reported by USDA in its May report.
The decline in production should be due to the fact that farmers reduce sugar beet plantings in favor of more profitable crops like corn.
Consumption and exports are unchanged. Imports are down as the EU food industry works to reduce sugar contentin food products. Stocks are down due to the lower production and imports.