News International Sugar Journal

‘Broken’ EU sugar market ‘discriminates’ against refining sector [Registered]

The EU sugar market is ‘broken’ and is delivering windfall profits to the beet sugar while unfairly discriminating against cane sugar refiners, in the opinion of Gerald Mason, Vice-President for EU Affairs at Tate & Lyle Sugars. Mason told the Agra Europe Outlook conference in Brussels on February 27 that the maintenance of a high basic import tariff on sugar, despite shortfalls on the EU’s internal market, was having the “obvious” effect of pushing up sugar prices to the level of EU beet sugar production costs plus the costs of importing raw sugar from outside the EU. And because beet…

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