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.
Help for food manufacturers battling soaring sugar prices could arrive in mid October when the European Commission (EC) will unveil plans to reform the European Union (EU) sugar regime, according to industry sources.
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.
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'.
