Sugar system not to Germany's taste
German confectionery and bakery producers have strongly criticised
the current EU system designed to keep sugar prices artificially
high, arguing that it makes European companies uncompetitive when
it comes to exports.
Who is to gain from EU sugar reform?
Reform of the current preferential EU sugar regime is imminent. But
who stands to lose the most through reform? asks MTT researcher
Cosucra off the sugar beet
Belgian firm Cosucra Groupe Warcoing is exiting the sugar beet
processing business to concentrate entirely on added value
ingredients for health foods, it announced this week.
Fischler holds the cane on sugar proposals
Although trade talks in Cancun collapsed this month the pressure
remains on the European Union to shake up its heavily subsidised
Sugar giant relieved
US giant Imperial Sugar is to receive relief from state sales and
use taxes of up to a maximum benefit of $1 million.
Cocoa loan- more than a few beans
The Ghana Cocoa Board (GCB) has secured a US$650 million loan to
purchase cocoa for the 2003/2004 cocoa season. The
facility,repayable within a year, was arranged by four leading
Sugar reform leaves sour taste
Imminent reforms to the EU sugar regime could slice millions off
the sugar profits for Associated British Foods (ABF), the owner of
British Sugar, and Danisco.
US sugar industry examined
US department of agriculture sugar-market economist John Love has
predicted that producer prices for sugar for 2002/03 will be 5 per
cent higher than last year's.
UK sugar harvest imminent
British Sugar and the NFU have agreed the provisional factory
opening dates for this year's sugar harvest. Newark factory will
open on 12 September with the remaining five factories opening on
New ruling affecting sugar exports
A new ruling brought in this spring is beginning to affect exports
of quota sugar from Europe, according to an ODJ report.
Mauritius sugar exports down
The Mauritius Sugar Syndicate has reported that sugar exports in
May 2003 were significantly lower than exports in May 2002.
Germany increases cocoa acquisitions
The German confectionery industry made significant cocoa and cocoa
butter purchases last week, according to Hamburg traders.
Sugar group posts profits
British sugar and sweetener group Tate & Lyle has reported an
18 per cent rise in annual profits.
Italy's sugar beet production in decline
ISMEA has estimated that Italy's 2003 sugar beet area will fall
nine per cent from 242,000 last year to 220,000 hectares this year.
Mexican sugar production picking up
Mexican sugar production has fallen slightly since last year,
according to figures released by the major cane workers' union.