The ruling is deterring farmers from planting sugar beet because they fear crop damage.
S&P Global said in an industry note seen by Reuters it now expects the sugar beet planted area in leading EU producer France to shrink by 7% in 2023/24.
Overall though, it sees the beet planted area in the EU plus UK rising 1%, though this forecast has also been lowered following the ban.
Source: Hellenicshippingnews