A sugar beet plant is pictured in a field in Sommette-Eaucourt, France, March 20, 2019. REUTERS/Benoit Tessier
PARIS (Reuters) - Farmers in western Europe have begun sugar beet planting, with first indications pointing to a drop in area for the next harvest after a price slump fuelled by the end of European Union production quotas.
The market downturn has prompted Europe's biggest sugar refiner Suedzucker to announce the closure of several factories by 2020, which could lead farmers in affected zones to make further cuts to beet planting next year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
