Indian sugar mills association

European Union approves export of 7 lakh tonne sugar

Date:	08 Dec 2011

Source:	The Economic Times

Reporter:	Bloomberg

News ID:	753

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LONDON: The European Union issued licenses to export 6,99,999 tonne of sugar in the 2011-12 season started in October, according to the European Commission, the bloc`s regulatory arm. Applications were made to export 1.29 million tonne of the sweetener, according to a notice on the commission`s website on Wednesday.

The limit was 7,00,000 tonne, it said. The European Union`s sugar production will climb to 18 million tonne in 2011-12 from 16 million tonne last season, said Keith Flury, an analyst at Rabobank International in London. "It`s little surprise the application for licenses exceed the 7,00,000 tonne given the size of the EU crop this season," Peter de Klerk, an analyst at C. Czarnikow Sugar Futures, said.

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