More on the EU decision to sell 500,000 tonnes of out of quota sugar

The European Commission has approved the sale of 500,000 tonnes of out of quota sugar within the EU.  The additional levy of Euro 500 that usually applies to out of quota sugar will not apply.

EU quota sugar is approximately 13.9 million tones.  EU consumption is approximately 16.5 million. EU exports and imports account for the difference. Some out of quota sugar can be exported while the remainder is sold either to industry or as food.  The additional levy is applied when out of quota sugar is sold as food.

Starting stocks plus in quota sugar plus imports are meant to cover EU consumption but high world sugar prices have made sugar imports difficult.

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