date:May 24, 2012
an impact on international prices, said Rabobank.
The European Commission recently reclassified 250,000 tonnes of out-of quota sugar for domestic sale at a reduced levy.
The move followed calls from The Association of the Chocolate, Biscuit and Confectionery of Europe (CAOBISCO), the industry body representing companies such as Nestle and Kraft, and European Sugar Users (CIUS) to allow further imports.
However, Rabobank said the sale of the additional 250,000 additional tonnes was four tim