Roger Waite News
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The European Union allowed sugar producers to sell more in the domestic market and accepted bids to import the sweetener to ease shortages in the bloc.
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The European Union must guarantee sugar supplies for the bloc’s refiners after quotas end because the cost of importing raw sweetener from preferential countries is at a 10-month high, according to Tate & Lyle Sugars.
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The European Union sugar market will probably be balanced in two years as imports from preferential nations are set to rise, reducing the need for the bloc to take steps to boost supplies, Czarnikow Group said.
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The European Commission may make an “improved proposal” for aid to vegetable growers faced with slumping demand following a deadly outbreak of E. coli in Germany after some member states balked at an initial offer of 150 million euros ($220 million).
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The European Union is considering easing import barriers for feed grains and sugar as livestock breeders and food producers in the bloc face shortages and surging prices.
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The European Union proposed allowing 1.2 million metric tons more sugar into the bloc in the season that started last month to ease shortages, according to the European Commission, the bloc’s regulatory arm.
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The European Commission will resist calls by France, the European Union’s largest agricultural producer, to scale back environmental clauses within the 27- nation bloc’s new farm policy, a spokesman said.
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European Union rules for the sugar market don’t favor beet producers over refiners of cane raw sugar, according to EU Agriculture Commissioner Dacian Ciolos.
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European Union officials need to start thinking about how sugar production and import quotas will change in 2015, said Roger Waite, a spokesman for the European Commission, the EU’s executive arm.
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The European Union’s sugar management committee plans to vote Feb. 24 on a proposal to allow more sugar imports and the sale of so-called out-of-quota sweetener on the domestic market.
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