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Politics & Record High prices make sugar a bitter pill for US & Indian F&B manufacturers. Europe is home safe due to sugar reforms. Lessons from 2009 shared in 7th World Sugar Trade!

Posted on : 03 Sep, 2009

 

Jess Halliday, editor of FoodNavigator.com wrote an excellent editorial on the politics and policies of key stakeholders in the Global sugar marketplace.

 

She drew a comparison between the US, India, and the EU highlighting good (market-friendly) and bad (protectionist) policies. In India for example, limits on storing sugar means there are very little reserves available to meet deficit. In the US, tariffs on imported sugar mean higher prices for F&B manufacturers. In the EU however, sugar reforms introduced in 2006 have led to a 30% decrease in sugar production, and the EU no longer imposes tariffs on imported sugar from the ACP (African, Caribbean & Pacific) countries, and other less developed countries.

 

Are policymakers making a bad situation worse?

 

While the answer is not a straightforward ‘yes or no’, the 7^th World Sugar Trade conference will offer clarity into the policies, economics, consumption patterns and other key market determinants of leading sugar markets around the world. Held in Singapore on 29-30 September 2009, the conference panellists will provide up-to-the minute market updates and analysis of the current situation in:

• India: addressed by Yatin Wadhwana, MD of Sucden India.
• The EU: addressed by John Ireland, Head of Research at ED & F Man Sugar Ltd.
• Brazil: addressed by Michael McDougall, Senior Vice President, NewEdge USA LLC
• Indonesia: addressed by Melvin Sakiris Korompis, Chairman, Asosiasi Gula Rafinasi Indonesia
• Thailand: addressed by Pichai Kanivichaporn, Advisor to Board of Directors, Thai Roong Ruang Industry Co Ltd

>> Register now for 7th World Sugar Trade to find out more about the politics and policies of sugar industries in Asia and rest of the world. <<