The liberalisation of the EU sugar market next year must be accompanied by market measures to maintain sugar beet production and allow the sector to retain its strategic importance, according to a recent EU report.
The recent finalization of the Trans Pacific Partnership is good news for confectioners and sugar-using manufacturers across the US, according to Rick Pasco, president of Sweetener Users Association (SUA).
EU sugar supplies are at their most critical levels since the 2005 sugar reform and are causing ‘extreme volatility, instability and disruption’ to the European food and drink industry.
While there has been more optimism hovering over the post-reform EU sugar industry this year, ABF cites the new regime as having an on-going effect on the profits of its sugar division.
Danisco has announced that it will sell its sugar division to
Nordzucker for DKK5600m, around €751m, bringing to an end months of
speculation as to whether it would agree to a sale or opt to spin
off sugar into a separate business.
Associated British Foods (ABF) has forged an agreement with Chinese
sugar group Hebei Tian Lu, which is expected to revolutionise beet
sugar production technology and boost yields.
Functional flavours and ingredients manufacturer Danisco, one of
Europe's largest sugar suppliers, is to cease the processing of
sugar beet at one of its sites in Lithuania, Tom Armitage
reports.
Imperial Sugar yesterday (Thursday) announced a higher
first-quarter profit, but predicted that operating income would
fall significantly in 2005 as the sugar industry remains
challenging, reports Philippa Nuttall.
Top ingredients supplier Danisco will phase out its activities in
oil and protein crops in order to focus on sugar beet seed, said
the Danish firm this week, in a move reflecting changes to the
European sugar regime in 2006 that will...
US biotech crop pioneer Monsanto is to suspend the introduction of
the world's first biotech wheat, amidst public outcry at the
possible risks of genetically modified crops and at Monsanto's
aggressive marketing tactics,...
Belgian firm Cosucra Groupe Warcoing is exiting the sugar beet
processing business to concentrate entirely on added value
ingredients for health foods, it announced this week.
