Global sugar prices likely to keep rising, industry expert predicts

Global sugar prices will continue to experience volatility in the years leading to the EU’s abolition of quota restrictions in 2017, a leading financial analyst has said.

John O’Reilly of Davy Stockbrokers published an industry report yesterday predicting sugar prices are likely to continue to rise due to its use in energy and biochemical sectors, as well as in food.

BP has invested $2bn (€1.5bn) across its renewables portfolio. It has invested €550,000 in three ethanol refineries in Brazil. In the US state of Louisana, BP has built a large-scale demonstration plant to showcase its proprietary technology for its new sugar-based cellulosic biofuels. It plans to licence its cellulosic technology (BP cellulex) in the coming year.