INTERNATIONAL REGULATORY ROUND UP – LIFTING EU’S SUGAR QUOTA SHOULD INCREASE PRODUCTION BY 20%
September 1st, 2017
RESTRICTIVE quotas limiting European Union (EU) sugar production to 13.5 million tonnes have finally been scrapped, freeing producers to hit market demand. The abolition of the quotas from October 1 sees European Commission officials predicting that EU sugar production will increase 20% and reach 20.1 million tonnes for the next harvest. “Тhe industry has positioned itself well to benefit from the opportunities which the end of sugar quotas presents,” said EU agriculture and rural development Commissioner Phil Hogan. However, those new opportunities, will ...
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