Sugar Market · EU and Regional market prices for white sugar Commission Regulation - R 2017/1185...

Sugar Market situation

AGRI G 4

Committee for the

Common Organisation of Agricultural Markets

28 February 2019

World Sugar Market

Exchange rates (22/2/2019): Euro – Dollar exchange rate: 1 € = $1.133

Exchange rates (22/2/2019): Euro – Real exchange rate: 1 € = 4.24 Real

World Prices

World Prices

• White sugar (22/2/2019 vs. 23/1/2019)

• May 19: 359.1 $/t ( - 0.2 %; 317.1 €/t)

• August 19: 367.3 $/t ( + 0.5 %; 324.3 €/t)

• Raw sugar (22/2/2019 vs. 23/1/2019)

• March 19: 13.37 $cts/lb ( + 3.1 %; 260.3 €/t)

• May 19: 13.30 $cts/lb ( + 1.7 %; 258.9 €/t)

White premium: around 51 $/t on May/March basis (white/raw).

EU market price and world market prices London 5 and NY 11 - first future - €/t

World Market News

World Market News ISO 11/2018

Sugar Price reporting

AGRI G 4

Committee for the

Common Organisation of Agricultural Markets

28 February 2019

EU Reference price and EU market price for white sugar

EU and Regional market prices for white sugar Commission Regulation - R 2017/1185 Art. 12 (a) - Annex II 1.

Region 1 Region 2 Region 3

average (1) std dev (2) average (1) average (1) average (1)

October 2017 422 49 423 418 447

November 2017 411 44 407 405 455

December 2017 400 44 398 393 452

January 2018 371 29 376 365 407

February 2018 372 33 371 367 408

March 2018 376 27 371 374 399

April 2018 365 35 366 361 386

May 2018 368 30 369 365 383

June 2018 361 30 363 359 375

July 2018 347 35 350 341 371

August 2018 347 38 338 345 381

September 2018 347 52 338 340 398

October 2018 321 46 325 309 380

November 2018 320 36 329 308 368

December 2018 314 37 323 300 370

in €/tEU

EU and Regional market prices for white sugar

EU Reference price and EU market price for white sugar compared with World price London N°5 (first future - $/t - €/t)

ACP average import price

Sugar Trade statistics

AGRI G 4

Committee for the

Common Organisation of Agricultural Markets

28 February 2019

EU Sugar Preferential Imports

1. Imports EPA / EBA in 2018/2019

1. Imports EPA / EBA in 2018/2019

1. Imports EPA / EBA in 2018/2019

2. Sugar TRQs 2018-2019 (24/1/2019)

2. Sugar TRQs 2019 (24/02/2019)

EU Sugar Imports

3. EU Total imports

3. EU Total imports

3. EU Total imports (2018/2019 – 3 months - 0.38 miot)

Source: EUROSTAT

EU Sugar Exports

4. EU Total exports

4. EU Total exports

4. EU Total exports (2018/2019 – 3 months - 0.63 miot)

Source: EUROSTAT

4. EU Total exports

EU Isoglucose

Isoglucose production in 2018/19

EU Sugar Stocks

5. Sugar stocks

EU Sugar Production

2017/2018 - Sugar Production Final data January 2019

tonnes Production

white sugar areas yield of the % increase

equivalent '000 ha t/ha campaign compared to

(a) (b)=( c)/(a) ( c) 2016/2017

BE 64.7 15.1 978 608 34%

BG

CZ 58.1 11.3 655 468 10%

DK 34.4 11.5 396 893

DE 384.8 13.4 5 157 787 45%

EL 6.2 5.9 36 514

ES 36.8 15.0 552 016 18%

FR (Met.) 442.9 14.1 6 236 738 38%

FR (Dom.) 243 644

HR 22.3 10.3 229 143 -37%

IT 38.0 8.0 305 254 -19%

LT 15.2 9.3 140 615 -14%

SUGAR Final production 2017/18tonnes Production

white sugar areas yield of the % increase

equivalent '000 ha t/ha campaign compared to

(a) (b)=( c)/(a) ( c) 2016/2017

HU 15.3 9.3 142 000

NL 86.2 15.4 1 324 023 52%

AT 42.8 11.0 471 914

PL 231.7 10.0 2 313 542 18%

PT (Continent)

PT (Açores) 0.1 0.0 0

RO 27.6 7.9 218 477 28%

SK 22.5 8.0 179 734 -19%

FI 10.5 6.1 64 022 -54%

SE 30.8 10.0 306 906

UK 107.0 12.7 1 363 546 49%

TOTAL 1 678 12.7 21 316 841 27%

SUGAR Final production 2017/18

2018/2019 - Sugar Production Forecast February 2019

tonnes Production

white sugar areas yield of the % increase

equivalent '000 ha t/ha campaign compared to

(a) (b) ( c) = (a) * (b) 2017/2018

BE 64.0 12.6 806 000 -18%

BG

CZ 57.9 9.6 555 000 -15%

DK 34.3 11.1 381 906

DE 391.9 10.7 4 210 714 -18%

EL 1.3 6.7 8 424

ES 36.8 14.7 542 031

FR (Met.) 440.0 11.7 5 164 000 -17%

FR (Dom.) 240 000

HR 16.6 8.4 140 000 -39%

IT 34.3 7.8 268 046

LT 16.2 10.0 162 320 15%

SUGAR production forecast 2018/19

tonnes Production

white sugar areas yield of the % increase

equivalent '000 ha t/ha campaign compared to

(a) (b) ( c) = (a) * (b) 2017/2018

HU 14.0 8.4 117 428 -17%

NL 85.2 13.2 1 124 458 -15%

AT 32.0 10.2 327 197 -31%

PL 239.0 10.0 2 390 402 3%

PT (Continent) 0

PT (Açores) 0

RO 24.6 5.7 139 855 -36%

SK 22.5 8.9 201 342 12%

FI 10.3 5.4 55 000

SE 30.7 9.1 279 488 -15%

UK 97.2 11.8 1 150 000 -16%

TOTAL 1 649 11.1 18 263 610 -14%

SUGAR production forecast 2018/19

Thank you

for your attention