Nordzucker Projects Significant Operating Loss as Sugar Prices Hit Four Year Lows
Nordzucker expects an annual operating loss in the high double-digit million range as EU sugar prices hit four-year lows. No near-term recovery is expected.
Insights:
Germany 
DEbased refiner Nordzucker, the second-largest sugar producer in the country, announced on January 15, 2026, that it expects to swing to an annual operating loss in the high double-digit million range for the current financial year. This result marks a major downturn from the 100 million euro operating profit recorded in the previous financial year. The company noted that the market in the European Union 
EUhas been shaped for months by a significantly lower price level and large available quantities of sugar.
DEbased refiner Nordzucker, the second-largest sugar producer in the country, announced on January 15, 2026, that it expects to swing to an annual operating loss in the high double-digit million range for the current financial year. This result marks a major downturn from the 100 million euro operating profit recorded in the previous financial year. The company noted that the market in the European Union EUhas been shaped for months by a significantly lower price level and large available quantities of sugar.The projected loss comes as sugar prices in the European Unionremain at four-year lows, while global prices for Sugar No. 11 are hovering near five-year lows. Alexander Godow alexander godow, the chief operating officer at Nordzucker, stated that no substantial price recovery is expected for the time being. Market pressures are being driven by high harvest yields in Brazil 
BR, India 
IN, and the European Union, which have increased supply significantly.
BR, India IN, and the European Union, which have increased supply significantly.
