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For the second year in a row and despite a record beet crop in 2011/12, the EU is suffering from sugar shortage due to the quota system market. Internal prices have never been so high and the supply so restricted. The European Commission has showed some flexibility in its regulatory framework and multiplied actions to ease the tightness; reconversion of out-of-quota sugar into quota sugar, as well as the opening of new import TRQ have been the main tools used to try to solve the shortage. These measures, however, have not been sufficient. Following the implementation of the 2006 sugar reform, EU production quotas are scheduled to expire in 2014/15. This prospect is causing many uncertainties in the market. Beet growers, producers, refiners and ACP-LDC exporters have voiced their concerns about the decision and lobbied against it. The debate has been on-going for the past few months and will certainly continue through 2012 and as long as the EC does not clarify its intentions. Building on the success of the 1st European Sugar Seminar last year, we are very glad to offer you for the second year the 2012 Geneva seminar dedicated to the EU sugar market. This event presents a unique opportunity to attend presentations by recognized expert speakers, to meet a wide range of players intervening in the EU sugar supply chain and to discuss the highlights and perspectives of the EU sugar market. Once again, this will also be the opportunity for producers, traders, buyers, analysts, exporters, logistics services providers and analysts to meet and network. If you are involved in the EU sugar market – or want to be involved –
This is what we have planned
For any questions about the programme, speaking or sponsorship, please contact fabienne@kingsman.com
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