Europe needs more sugar imports as higher prices put pressure on food producers

Europe needs to import more sugar and food manufacturers are finding it more costly to secure supplies after a heatwave hit this year’s harvest.

Companies that produce candies, cakes and soft drinks will pay much more than normal to source sugar in the near future. That eats into their profit margins and even increases the risk that some will go out of business, according to CIUS, which represents European sugar users. Consumers face even more inflationary pain.

https://www.independent.ie/business/farming/agri-business/eu/europe-needs-more-sugar-imports-as-higher-prices-squeeze-food-producers-42216747.html Europe needs more sugar imports as higher prices put pressure on food producers

Fry Electronics Team

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