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EU Sugar Market. EFFAT – CEFS. Luis Carazo Jimenez Deputy Head of Unit – DG AGRI/C/5 Brussels, 28 February 2011. PRODUCTION - Development of quotas - tonnes. PRODUCTION - Quota renounced - tonnes. Beet sugar – rate of coverage. Evolution of areas & yield. EU Sugar Trade.
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EU Sugar Market EFFAT – CEFS Luis Carazo Jimenez Deputy Head of Unit – DG AGRI/C/5 Brussels, 28 February 2011
PRODUCTION - Development of quotas - tonnes EFFAT - CEFS - Brussels
PRODUCTION - Quota renounced - tonnes EFFAT - CEFS - Brussels
Beet sugar – rate of coverage EFFAT - CEFS - Brussels
Evolution of areas & yield EFFAT - CEFS - Brussels
EU Sugar Trade EFFAT - CEFS - Brussels
Sugar market prices June 2010 :478 €/t EFFAT - CEFS - Brussels
EU quota sugar (2010/2011) Sugar consumption : 16.5 Million tonnes Net export NAI products: 0.5 Million tonnes Export quota sugar : 0.1 Million tonnes Quota sugar production : 13.8 Million tonnes Sugar Import need : 3.3 Million tonnes EFFAT - CEFS - Brussels
EU Sugar imports forecasts (2010/2011) CXL – TRQ quota: 0.65 Million tonnes Balkans: 0.35 Million tonnes Forecast ACP/LDC: 1.50 Million tonnes TOTAL preferential imports: 2.50 Million tonnes EFFAT - CEFS - Brussels
2008/09 – 2010/11 EU sugar balances EFFAT - CEFS - Brussels
2010/11 market measures • Suspension of 98€/t import duty on CXL imports • Release of 0.5 mio t of out-of-quota sugar on the EU (quota) market • Facilitating imports by the opening of an exceptional import TRQ at zero duty EFFAT - CEFS - Brussels
2011/12 market measures • No preventive withdrawal • Export limit for out-of-quota sugar set at 650 000 tonnes • 0.4 mio t zero duty import TRQ for industrial sugar EFFAT - CEFS - Brussels
Future Challenges • DDA Round • Enlargement • FTA negotiations • 2013 CAP reform in particular for sugar production quotas EFFAT - CEFS - Brussels