Caobisco calls for urgent EU measures to tackle loss of competitiveness due to the current sugar market situation

Caobisco - Chocolate, Biscuit and Confectionery Industry Association
Friday, April 21, 2023
This is a call for urgent political action. Sugar users of the European food and drink industry are suffering from the European sugar market situation and losing competitiveness day by day. The EU sugar supplies are tightening consistently, and the high-risk unfavourable scenario keeps on repeating itself: sugar supplies between agricultural years (Oct-Sep) are so low that the most vulnerable sugar users (SMEs) face critical shortage situations leading to dramatic economic consequences, such as factory closures and job losses. The ending stock forecast for current agricultural year 2022/23 shows sugar levels available for users at 552,000 tonnes, which represents less than 2 weeks of EU sugar users’ overall consumption.
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