Update: 1:10PM SUGAR ministers from 27 African Caribbean Countries at the 13th ACP Ministerial Conference on Sugar are today discussing outlook, opportunities and threats to the international industry.
Dr Lindsay Jolly, a senior economist with the International Sugar Organisation provided the ISO's perspective on the world sugar market.
The European Union presented the buyers' perspective as a traditional refiner and investor courtesy of Gerald Mason, vice president of EU's Affairs and Strategy.
Mohammed El Mardi El Tegani, managing director of Kenana Sugar Company Limited from Al Khartoum in the Sudan provided an ACP response on diversification the introduction of ethanol production and cogeneration schemes.
Despite the announcement yesterday by the European Union that the current system of sugar quotas and analogous provisions will end on September 30, 2017, ACP sugar producers are keen on developing strategies to prepare for the increased competitiveness of the global sugar market post 2017.
Close to 150 delegates from 27 countries are attending the conference at Shangri-La's Fijian Resort and Spa.