AIRLINK 73.95 Decreased By ▼ -0.30 (-0.4%)
BOP 5.11 Increased By ▲ 0.06 (1.19%)
CNERGY 4.42 No Change ▼ 0.00 (0%)
DFML 37.80 Increased By ▲ 1.96 (5.47%)
DGKC 90.30 Increased By ▲ 2.30 (2.61%)
FCCL 22.63 Increased By ▲ 0.43 (1.94%)
FFBL 32.95 Increased By ▲ 0.23 (0.7%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.83 Increased By ▲ 0.03 (0.28%)
HBL 115.97 Increased By ▲ 0.07 (0.06%)
HUBC 135.39 Decreased By ▼ -0.45 (-0.33%)
HUMNL 9.88 Increased By ▲ 0.04 (0.41%)
KEL 4.62 Increased By ▲ 0.01 (0.22%)
KOSM 4.76 Increased By ▲ 0.10 (2.15%)
MLCF 40.60 Increased By ▲ 0.72 (1.81%)
OGDC 138.11 Increased By ▲ 0.21 (0.15%)
PAEL 26.55 Increased By ▲ 0.12 (0.45%)
PIAA 25.96 Decreased By ▼ -0.32 (-1.22%)
PIBTL 6.75 Decreased By ▼ -0.01 (-0.15%)
PPL 123.52 Increased By ▲ 0.62 (0.5%)
PRL 26.92 Increased By ▲ 0.23 (0.86%)
PTC 14.05 Increased By ▲ 0.05 (0.36%)
SEARL 59.17 Increased By ▲ 0.47 (0.8%)
SNGP 70.88 Increased By ▲ 0.48 (0.68%)
SSGC 10.40 Increased By ▲ 0.04 (0.39%)
TELE 8.66 Increased By ▲ 0.10 (1.17%)
TPLP 11.20 Decreased By ▼ -0.18 (-1.58%)
TRG 64.41 Increased By ▲ 0.18 (0.28%)
UNITY 26.13 Increased By ▲ 0.08 (0.31%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,854 Increased By 15.9 (0.2%)
BR30 25,541 Increased By 81.2 (0.32%)
KSE100 75,148 Increased By 216.9 (0.29%)
KSE30 24,184 Increased By 38.4 (0.16%)

PARIS: French farmers should consider turning back to sugar beet in 2024 after a drop in planted area in recent years, France’s No. 2 sugar maker Cristal Union on Wednesday, citing good weather conditions and a favourable economy as sugar prices soar.

Its comments come days after competitor Saint Louis Sucre, owned by Germany’s Suedzucker, asked farmers not to increase the area sown with sugar beet in 2024 amid strong competition from Ukrainian sugar. Sugar prices have hit record highs in the European Union due to a deficit in the bloc linked particularly to falling output in France, where farmers have been deterred by poor harvests in recent years.

“With weather conditions favourable to the cultivation of beet and a buoyant economic situation, the conditions are met to put beet back at the heart of crop rotations,” Cristal Union said in a statement. “France is the leading beet producer in Europe and must remain so,” Chairman Olivier de Bohan said in the statement, adding the cooperative was ready to welcome new members.

French farmers are in the process of choosing their crop rotations for next season, with rapeseed sowings already over and wheat due to start later this month.

For this year’s crop, Cristal Union, which launched its 2023 beet harvest on Wednesday, estimated the sugar content at around 14 metric tons per hectare, in line with the five-year average.

Rain in July and early August helped regular growth while sunny weather at the end of August and early this month have supported beet growth over the last few weeks, it said.

The French farm ministry on Tuesday forecast the sugar beet harvest nearly 1% below last year’s at 31.2 million tons as higher yields fail to compensate for a smaller planted area.

Comments

Comments are closed.