12-8-2013 — /EuropaWire/ — Recent reforms to the EU Common Agricultural Policy (CAP) included changes to the region’s sugar regulations, with a new sugar regime entering into force in 2017. With the abolition of sugar quotas and minimum beet prices, but with import barriers remaining in place, Rabobank believes the future looks sweet for the EU’s more competitive beet sugar producers and their beet growers. Other EU beet sugar producers and cane refiners may be facing challenging times, with the latter possibly facing a sunnier outlook in the long term.
However, for the less competitive producers and growers, it will be challenging to cope with the new realities of the EU sugar market and some may be forced out of production or may need to shift to other crops.
“Cane refiners in the EU may also face a challenging time, mainly due to a lower requirement for imported sugar which could be caused by a growing consumption of the alternative sweetener, high fructose syrup (HFS or isoglucose), for which production quotas will also be abolished,” added Schers. “However, further preferential access for sugar through new trade agreements could help cane sugar refiners to keep up with their competitors in the long term.”
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