EU sugar reform will not boost world market

THE EU's plan to reform sugar trading will have no effect on the world market, according to predictions from US analysts.

Craig Ruffolo at commodities research firm McKeany-Flavell said if the EU proposals were implemented it would reduce EU exports by only about two million tonnes.

"Brazil could easily make up that reduced supply on the world market without any significant effect on price," Ruffolo told the International Sweetener Symposium, sponsored by the American Sugar Alliance of growers, processors, refiners.