Tereos Sees EU Sugar Output at 38-Year Low
French sugar maker Tereos reports that extreme heat and drought will reduce beet yields significantly. The weather impact contributes to an anticipated 38-year low for European Union sugar production.
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France will see Sugar beet yields drop more than 20% this season, driving European Union output to a 38-year low. Extreme summer heat and drought have severely damaged crops across the region. The sharp contraction is expected to help rebalance global inventories and support recovering market prices.
