BIOFUELS DEMAND ERODES SUGAR PRICE FALL HOPES
July 1st, 2006
BY ALAN OSBORN
THE CONFECTIONARY manufacturing industry in Europe has been banking on a fall in sugar prices from 2008 thanks to the new sugar regime brought in by the European Union (EU) last year, but this now looks a little less certain than it did. The reason is the soaring price of petrol over the last year or so and the push this has given to the development of alternative biofuels, many of which use sugar as a raw material. Production of bioethanols for instance, which are based among other things on sugar distilled from beets, rose 70.5% in 2004/5 and ...
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