INTERNATIONAL CONFECTIONERY NEWS ROUND-UP – EU FIGHTS SUGAR SHORTAGES
April 1st, 2011
BY KEITH NUTHALL
HIGH sugar prices and tight supplies are a constant worry for confectionery manufacturers this year, and the European Union (EU) has been trying to keep these problems under control. The International Monetary Fund (IMF) has estimated that global prices rose 81.4% from last July (2010) to this January (2011) and the EU has taken action. Its agriculture management committee (representing member states) has backed opening duty free import quotas of 300,000 tonnes of sugar and 400,000 tonnes of industrial sugar. Also, it approved the release into ...
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