THE EUROPEAN SUGAR MARKET IN THE GLOBAL CONTEXT AFTER SCRAPPING THE SUGAR QUOTA SYSTEM
The elimination of the European Union’s sugar quota system in September 2017, after nearly 50 years, had a significant impact on the prices of this product as a result of the market surplus. This paper analyzes the European sugar market in the global context, six months after the European Commiss...
| Main Authors: | , |
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| Format: | Article |
| Language: | ron |
| Published: |
Institute for World Economy
2018-04-01
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| Series: | Revista de Economie Mondială |
| Subjects: | |
| Online Access: | http://iem.ro/rem/index.php/REM/article/view/630/710 |
| Summary: | The elimination of the European Union’s sugar quota system in September 2017, after nearly
50 years, had a significant impact on the prices of this product as a result of the market surplus. This
paper analyzes the European sugar market in the global context, six months after the European
Commission’s historic decision. It also highlights the evolution of sugar quotations at the London
Stock Exchange between October 2017 and March 2018, compared to the similar period of the
previous year, and gives an overview of the main fundamental factors of the international sugar
market.
After examining the European market both in terms of the abolition of the production quotas
and the UK’s departure from the EU in 2019, the paper concludes that the short and medium-term
sugar supply is set to increase, while the sugar quotations will follow a downward trend. |
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| ISSN: | 2343-9521 2343-9521 |