EC proposes additional export of out-of-quota sugar in 2009/2010 due to exceptional market situation

The European Commission will on Thursday submit to the Management Committee a draft Regulation allowing the export of an additional 500,000 tonnes of out-of-quota sugar in the 2009/2010 marketing year (to July 31st 2010). This temporary measure, which fully respects the EU's international obligations, has been made possible by the exceptional market conditions at both the EU and world level. The present market situation for sugar is very unlikely to occur again in the future.