Europe's worst sugar season in a decade

Europe is facing its worst sugar season in over a decade, with production dropping by approximately 15 million tons due to heatwaves and droughts that have led to reduced sugar beet cultivation areas and decreased crop yields. At the same time, concerns are increasing about the impact of the El Niño phenomenon on sugarcane production in major Asian countries such as India and Thailand, where a lack of rainfall could lead to lower yields and put further pressure on global supplies. These challenges have resulted in a rise in global sugar prices, with raw sugar reaching around 15.75 cents per pound, amid forecasts of a deficit in the 2026-2027 season due to weather fluctuations and crop impairments.

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