ISO: EU sugar quotas won't harm markets

02/7/2013 | (France)

With sugar stocks high and a strong crop expected from Brazil, the European Union's plan to extend sugar quotas through 2020 won't harm markets, said Leonardo Bichara Rocha, senior economist with the International Sugar Organization. Confectioners including Mondelez International and Nestle have said the quotas are causing supply problems and major price hikes. The EU is expected to decide in June if it will keep the quotas through 2020 or end them in 2015.

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