Sugar prices fall in Poland and worldwide

The price of sugar on the Polish market declined, because of the relatively low white sugar prices worldwide and the large production in the 2017/2018, amounting to about 2.3 million tonnes, Polish Institute of Agricultural and Food Economics said in a report. The average retail price of sugar in February 2018 was PLN 2.28/kg, which is 28.3 percent lower compared to a year ago. However, the average price in 2017 was about 6 percent higher than in 2016 and amounted to PLN 3.04 PLN/kg. Among the reasons for the fall of sugar prices are their decrease on the stock exchanges worldwide and the abolition of production limits in EU.