The European Commission allowed 300,000 metric tonnes of raw or refined sugar without import duties. It was also decided that 500,000 tonnes of out of quota sugar would be permitted.
The EU’s sugar management committee voted today to allow additional imports and the sale of out of quota sugar. The sugar management committee’s decisions concerning the EU sugar market, import tariffs and subsidies are ratified by the European Commission.
EU sugar producers can sell limited quantities of sugar. The EU is to scrap a levy on out of quota sugar. Licences for out of quota sugar would be confirmed following weekly applications. A Euro 500 per tonne penalty would be applied if the volumes were not filled.
Dacian Ciolos, EU farm Commissioner announced the news following a meeting with EU farm ministers today. The news will be welcomed by refiners and sugar users as supply has been tight and companies, including confectioners, have faced difficulty obtaining supplies.