European Commission measures to open a further 200,000 tonne import quota for raw or refined sugar at zero import duty and the possibility for further imports at reduced import duty via a tendering system have been backed by member states.
Sugar supplier to the bakery and confectionery industry, Ragus, said it expects further commodity price hikes and contests whether proposed EC intervention on import duty tariff reductions would have the desired effect on the deficit in the EU market.
The European Commission, in a policy about face, said it may open the import quota or allow the sale of out-of-quota sugar into the bloc - a move that would bring relief for bakers and other food makers set to negotiate new sugar contracts.
The deficit in the EU sugar supply could put production at risk for confectioners and other food and drink industry users of the commodity if market intervention does not occur, said Irish trade body FDII, who are calling on the EC to keep out-of-quota...
Lack of clarity on the implications for the cocoa industry of the financial penalities imposed by the EU on the Ivory Coast has prompted trade representatives in the bloc to seek additional information from the Commission.
Awareness of the importance of nutrient profiling within the EU food industry is prompting many companies to reformulate products to decrease calorie content, fat, sugar and salt in products, which gives rise to the challenge of maintaining tastes that...
The leading traders of physical raw sugar claim that the commodity is likely to surge to a 30-year high in the coming months, with all eyes on the pending Indian sugar crop output which is hoped will ease supply pressures.
The confectionery division of the UK Food and Drink Federation (FDF) has backed the move by the European Commission to open tenders for the sale of intervention skimmed milk powder (SMP) as a way of bolstering raw material supply for the sector.
A new French law threatens supply chain efficiencies in the packaged goods sector and could create new trade barriers in the EU internal market, warns the European Organisation for Packaging and the Environment (Europen).
Opportunities are rife for the manufacturers of functional and
sugar-free gums, as consumer analysts predict that these items will
far outstrip chocolate and sugar confectionery in terms of value