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August 2011 | Adam Leach
CEO of Europe’s largest own brand ice cream manufacturer has blamed politicians
for causing sugar prices to spiral out of control.
February the price of sugar hit a 30-year-high, largely as a result of floods
in Australia, and it has remained volatile ever since. Now, R&R Ice Cream, which makes Smarties and Kelly’s Clotted
Cream brands of ice cream, is calling on politicians to help companies deal
with inflated prices.
Lambert, CEO and executive chairman of R&R Ice Cream, said: “These dramatic
price increases have been caused by our politicians acting against consumers’
interests and we are urging the EU to either increase
quotas and/or allow food manufacturers to import sugar from the world market
annual sugar production across the world is holding steady at around 167
million tonnes, demand is increasing at an annual rate of around two per cent
which has resulted in the price rises.
said unless the EU raises the stock quota for sugar supplies, companies will have
to buy sugar on the world market. “This currently attracts duty of €417 per
tonne, bringing the total price to nearly €1,000. The tariffs on buying this
sugar need to be removed.”
to SM, Sergey Gudoshnikov, senior economist at the International Sugar Organization (ISO), said uncertainty over prices is likely to
continue. “Until normal stock levels return, the prices will remain volatile,”
he said. He expects the “low-stock environment” to remain for the next 12-18