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.
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.
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).
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.
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.