Yesterday, CEOs from small and medium-sized companies of the chocolate, biscuits and confectionery sectors across Europe met with Members of the European Parliament to debate the impact of the current highly-regulated sugar market on their businesses. The CAOBISCO Representatives gave elected Members of the Parliament a strong signal on the need to abolish sugar production quotas in 2015, ahead of the EP Plenary Vote on CAP reform March 11th.
Production quotas leading to the artificial inflation of the average EU price of sugar to more than the double of the world market price, have already led to bankruptcies, suspension or termination of production lines, loss of export markets and job losses across Europe. Industry representatives stressed the impact on the competitiveness of the EU’s highly regarded value added food industry and identified sugar supply scarcity due to restricted production quotas, as one of the main factors.
Open letter to European leaders - Put an end to distorting sugar production quotas and support jobs and growth across the EU food chain