Bloomberg News

Middle East, North African Countries Set to Import Most EU Sugar

December 20, 2011

Dec. 20 (Bloomberg) -- Countries in the Middle East and North Africa regions are set to import most of the sugar exported by the European Union in the season started in October, according to Swiss Sugar Brokers.

Syria, Tunisia, Libya and Iraq are among the nations set to “absorb” most of the 1.4 million metric tons of sugar that the 27-nation bloc still has to export, Naim Beydoun, a broker at the Rolle, Switzerland-based company said in an e-mail response to questions yesterday.

White, or refined sugar from the EU for loading in January at the ports of Le Havre, Antwerp and Dunkerque was at a premium of $45 a ton to the price of the March contract on the NYSE Liffe exchange in London, data from the broker show.

--Editors: Sharon Lindores, John Deane

To contact the reporter on this story: Isis Almeida in London at Ialmeida3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at Ccarpenter2@bloomberg.net.


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