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EU Sugar Market. EFFAT – CEFS. Luis Carazo Jimenez Deputy Head of Unit – DG AGRI/C/5 Brussels, 28 February 2011. PRODUCTION - Development of quotas - tonnes. PRODUCTION - Quota renounced - tonnes. Beet sugar – rate of coverage. Evolution of areas & yield. EU Sugar Trade. - PowerPoint PPT Presentation
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Luis Carazo JimenezDeputy Head of Unit – DG AGRI/C/5
Brussels, 28 February 2011
EFFAT – CEFS
EU Sugar Market
28 February 2011 EFFAT - CEFS - Brussels 2
PRODUCTION - Development of quotas - tonnes
Sugar Isoglucose Inulin TotalStart of reform* 17 554 453 586 736 320 717 18 461 906Additional 1 012 620 326 021 1 338 641Renounced 5 230 331 222 316 320 717 5 773 364After restructuring 13 336 742 690 441 0 14 027 183As % of start 76% 118% 0% 76%* including Bulgaria, Romania
28 February 2011 EFFAT - CEFS - Brussels 3
PRODUCTION - Quota renounced - tonnes
2006/07 2007/08 2008/09 2009/10 TotalSugar 1 148 896 676 103 3 273 226 132 106 5 230 331Isoglucose 0 32 664 60 569 129 084 222 316Inulin 320 717 0 0 0 320 717Total 1 469 613 708 767 3 333 795 261 190 5 773 364
28 February 2011 EFFAT - CEFS - Brussels 4
Beet sugar – rate of coverage
28 February 2011 EFFAT - CEFS - Brussels 5
Evolution of areas & yield
0
500
1000
1500
2000
2500
2001/2002 2002/2003 2003/2004 2004/2005 2005/2006 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011(forecast)
'000
ha
0,00
2,00
4,00
6,00
8,00
10,00
12,00
ton
/ h
a
area's yield
28 February 2011 EFFAT - CEFS - Brussels 6
EU Sugar Trade
-6
-4
-2
-
2
4
6
8
10
2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09
Mil
lio
n T
on
ne
s
North Africa
North EastAfricaAsia
Balkans
CIS
Others (RoW)
Mercosur
ACP
Mercosur
Balkans
Asia
CIS
ACP
North Africa
North EastAfricaOthers (RoW)
Balance
EXPORTS
IMPORTS
28 February 2011 EFFAT - CEFS - Brussels 7
Sugar market prices
June 2010 :478 €/t
150
200
250
300
350
400
450
500
550
600
650
700
750
800
registered p rice reference price London N°5 $/t London N°5 EUR/t
632 €/t
542 €/t
404 €/t
28 February 2011 EFFAT - CEFS - Brussels 8
EU quota sugar (2010/2011)
Sugar consumption : 16.5 Million tonnes
Net export NAI products: 0.5 Million tonnes
Export quota sugar : 0.1 Million tonnes
Quota sugar production : 13.8 Million tonnes
Sugar Import need : 3.3 Million tonnes
28 February 2011 EFFAT - CEFS - Brussels 9
EU Sugar imports forecasts (2010/2011)
CXL – TRQ quota: 0.65 Million tonnes
Balkans: 0.35 Million tonnes
Forecast ACP/LDC: 1.50 Million tonnes
TOTAL preferential imports: 2.50 Million tonnes
28 February 2011 EFFAT - CEFS - Brussels 10
2008/09 – 2010/11 EU sugar balancesAGRI C5 BALANCE SHEET January 2011
FINAL 2008/09 - 2009/2010ESTIMATION 2010/2011
SUGAR AND ISOGLUCOSE
x 1000 tonnes 2008 / 09 (oct - sept) 2009 / 10 (oct-sept) 2010 /11 (oct-sept)EU 27 EU 27 EU 27
quota out of quota quota out of quota quota out of quota
Beginning stocks 2.189 0 1.843 0 1.177 01 1 private 1.870 1.808 1.1771 2 intervention 319 35 0
Production 13.906 2.909 13.956 4.642 13.774 3.184
Imports 3.432 179 2.996 8 3.000 203 1 - as such 2.885 2.499 2.5003 2 - in processed products 547 497 500
TOTAL AVAILABLE 19.526 3.088 18.795 4.650 17.952 3.204 4 = 1 + 2 + 3
Consumption 16.500 1.947 16.500 1.974 16.500 1.950710 indust. 646 indust. 650 indust.
1.237 bioeth. 1.328 bioeth. 1.300 bioeth.
Exports* 1.183 728 1.118 2.115 1.100 7006 1 - as such 254 100 100
6 2 in processed products 928 1.018 1.000
Ending stocks 1.843 413 carry forward 1.177 561 carry forward 352 5547 1- private 1.808 1.177 3527 2 - intervention 35 0 0
TOTAL OUTLETS 19.526 3.088 18.795 4.650 17.952 3.2048 = 5 + 6 + 7 = 4
AVAILABILITIES
OUTLETS
FinalFinal Estimation
28 February 2011 EFFAT - CEFS - Brussels 11
2010/11 market measures
• Suspension of 98€/t import duty on CXL imports
• Release of 0.5 mio t of out-of-quota sugar on the EU (quota) market
• Facilitating imports by the opening of an exceptional import TRQ at zero duty
28 February 2011 EFFAT - CEFS - Brussels 12
2011/12 market measures
• No preventive withdrawal
• Export limit for out-of-quota sugar set at 650 000 tonnes
• 0.4 mio t zero duty import TRQ for industrial sugar
28 February 2011 EFFAT - CEFS - Brussels 13
Future Challenges
•DDA Round•Enlargement•FTA negotiations•2013 CAP reform in particular for
sugar production quotas