EU SUGAR QUOTAS MAY BOOST PRODUCTION IN THE SHORT TERM – BUT LONG-TERM IMPACTS REMAIN UNCLEAR
November 1st, 2017
It has been weeks since quotas limiting European Union (EU) sugar production were scrapped on September 30, and while its impact has yet to become clear, experts agree that EU output will rise, at least in the short term. The EU executive, the European Commission is predicting that EU sugar production will increase 20% in the coming year. EU sugar production in the 2016/2017 marketing year was 16.84 million tonnes. With the end of the quota system, EU sugar output is expected by Brussels to rise to roughly 20.1 million tonnes in the following marketing year.
But ...
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