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Brazilian coffee exports rose by 36.33% compared to the same period last year, industry group Cecafé said.
The Brazilian government asked the World Trade Organization (WTO) to start a consultation regarding India's sugar subsidies yesterday (February 27), which the South American country claimed is distorting global trade.
Global sugar production in 2018/19 may fall by nearly 15.0 million tonnes to 186.2 mln from last season's record 201.2 mln tonnes, which has in turn helped firm prices.
With the vast majority of South Korea's coffee imported from overseas, the country's imports of coffee products surged to record levels last year on the back of burgeoning demand for the brewed drink.
The EU’s sugar industry needs to consolidate to contend with the sharp fall in prices since the end of production quotas in 2017, the chief executive of French producer Cristal Union, Alain Commissaire, said.
On the back of Südzucker's recent restructuring announcement last week, are other European companies likely to follow suit of the German sugar giant?