Market Analysis Report Poland: Sugar Industry

General Situation and Current Trends

• Poland is the third largest sugar producer in the EU after France and Germany, with an annual production of approximately 2.0-2.4 million tons.
• The domestic demand for sugar in Poland is estimated at around 1.7 million tons, with the surplus being exported.
• From 2019 to 2023, sugar exports accounted for an average of 30% of total production, with key markets including other EU countries and third-party nations such as the UK, Israel, and the UAE.
• Poland also imports sugar, which constituted about 9% of its production over the same period.
• The cultivation of sugar beets has been increasing, covering approximately 266,000 hectares in the 2023/24 season, managed by around 26,000 growers.

Current Prices and Relevant Historical Comparisons

• Recent price adjustments show a slight decrease in the cost of granulated sugar. For instance, Sugar granulated ICUMSA 45, 0.2-1.2 mm from Lithuania has decreased from $0.50 to $0.48.
• Similarly, Sugar granulated ICUMSA 32 from the UK has seen a price reduction from $0.53 to $0.52.
• The highest price observed is for Sugar granulated ICUMSA 45, 0.4-0.65 mm from Germany, currently priced at $0.62, down from $0.63.

Inventory Levels, Production Numbers, Export/Import Trends

• With Poland's sugar production consistently exceeding domestic demand, a significant portion of the inventory is allocated for export.
• The steady growth in the area of sugar beet cultivation suggests a robust supply chain capable of supporting both domestic needs and export obligations.

14-Day Weather Trend for Growing Areas

• The upcoming two-week forecast indicates moderate weather conditions across major sugar beet growing areas in Poland, which should support ongoing harvesting activities without significant disruptions.

3-Day Price Forecast and Market Expectations

• Market prices are expected to stabilize in the short term, with minor fluctuations due to the global economic outlook and regional demand-supply dynamics.
• Traders should monitor global sugar market trends and currency fluctuations which could impact export competitiveness.

This report provides a snapshot of the current market conditions for the sugar industry in Poland and should assist stakeholders in making informed decisions. For detailed product specifications and pricing, refer to the provided links.