European sugar prices reach nearly one-year high, up almost 40% since the beginning of the year

European sugar prices have recently seen a marked rebound, as a decline in production has completely reversed the previous oversupply situation. Due to poor growth conditions of beet crops and gradually tightening supply, European sugar prices have risen to their highest point in nearly a year. According to Platts, a division of S&P Global Energy, as of September 3, the delivery price from local sugar factories in the beet core planting area of Northwest Europe reached 550 euros (approximately 638 US dollars) per ton. This price set a new record since late September 2025 and represents an increase of nearly 40% compared to the price levels at the beginning of the year.