EU sugar beet seen falling again this year after factory closures
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DUBAI (Reuters) - The European Union will likely see a further decrease in planted sugar beet this year following the closure of some factories, participants at the annual Dubai sugar conference said on Wednesday.Sugar production in the trading bloc has fallen for two successive seasons after an initial surge after the EU abolished production quotas in 2017.Prices collapsed as the initial rise in production forced the EU to try to compete in a depressed global market, leading to heavy financial..