CZARNIKOW EXPECTS LOWER EUROPEAN SUGAR OUTPUT
European sugar output on the basis of
three year average yields will be over half a mln tonnes white
value down on last year although yields do vary widely from
year to year, broker C Czarnikow said in its market review.
    European Community sowings are likely to be down compared
with last year. There have been suggestions these sowings might
respond to the recent upsurge in world prices, but Czarnikow
said "it is not the sort of fact that easily becomes known."
    The broker bases its forecasts on Licht planting estimates
which put W Germany, the Netherlands and USSR lower but
Hungary, Romania, Poland, Turkey and Yugoslavia higher.
    Czarnikow's projections in mlns tonnes white value and
three differing yields include
      '87/88  max      aver      min    1986/87
 France       3.57     3.42     3.28       3.44
 W Germany    3.08     2.88     2.64       3.19
 EC          13.82    13.01    12.13      13.76
 W Europe    17.71    16.45    14.98      16.71
 Poland       2.02     1.80     1.13       1.74
 USSR         8.65     7.60     5.71       8.05
 E Europe    13.87    12.14     9.08      12.44
 All Europe  31.58    28.58    24.06      29.15
  REUTER
