date:Jun 08, 2012
ise on high prices.
The report said that EU sugar buyers had indicated that prices were higher than the official 750 per tonne figure reported by the European Commission.
The Commission recently allowed an additional 250,000 tonnes of non-quota domestic sugar to combat rising prices following calls from industry bodies such as CAOBISCO.
Consistent price drop in US
US sugar production is expected to be up 7.5m tonnes in 2011/12 versus the previous year which has led to a consistent price drop