Should the EU extend sugar quotas until 2020 any temporary measures to improve supply for food manufacturers will have little impact on prices and availability, according to Nestlé.
The EU sugar supply is constrained and the confectionery industry is nervous about upcoming sugar reforms, according to Nestlé’s procurement head, who is also chair of a UK sugar users group.
Tate & Lyle has reported an 11 per cent drop in pre-tax profits
to £244m (c €307.3m) for full year 2008, a result of troubles in
international sugar trading and inclement exchange rates.
The UK's food and farming minister has revealed how almost £500
million of additional support for sugar reform will be incorporated
within the Single Payment Scheme (SPS) over the next seven years.
Tough trading conditions in the confectionery industry have forced
UK group, Lees Foods, to look at ways of diversifying -
highlighting the tactics smaller sweet makers must adopt to ensure
their survival in an increasingly competitive...
The chairman of Kraft Foods, the world's second biggest food
company, Roger Deromedi, has launched an attack on EU and US trade
barriers that are driving up the price of commodity ingredients
such as sugar and coffee.
ABF's offer to acquire 51 per cent of Illovo, Africa's largest
sugar producer, underlines how the new EU sugar regime has forced
European sugar producers to think truly globally.
On the cusp of reform to the EU's heavily supported sugar regime,
some of the world's poorest sugar exporting countries have called
on Europe 'to put fairness at the heart of the new regime'.
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.
