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EU Sugar Consumption to Drop on Health Concerns - Importer (DJ)

Source: Dow Jones Newswires
28/11/2007

London, Nov. 28 - Sugar consumption in the European Union is expected to drop significantly as a result of growing health concerns, a major E.U. sugar importer and distrubutor said Wednesday.

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Speaking at the International Sugar Organization's annual conference in London, Tony Evans, head of commercial research at Napier Brown & Co, said sugar consumption in the E.U. and the developed world is forecast to be "flat at best."

Meanwhile, some industry observers are predicting a significant fall.

The U.K.'s sugar retail market declined by 19% between 2001 and 2006 and could drop another 12% by 2011, said Evans.

In 2006, the retail market consumed around 301,000 metric tons of sugar, according to Napier Brown & Co.

"It has long been said that the market is divided 70:30 between industrial consumption and direct consumer consumption, I believe that it is now closer to 80:20, particularly in the major Western European markets," said Evans.



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