EU grants export licences for out-of-quota sugar

The European Union's executive today approved export licences for 99,871 tonnes of out-of-quota sugar, completing its controversial export of half a million tonnes of unsubsidised sugar, official documents show.

Requests for licences from EU exporters exceeded the remaining available quota by more than 146,000 tonnes. As a result the European Commission applied a "reduction coefficient" of 38.6 percent to all requests to bring them within the overall quota. (Reporting by Charlie Dunmore)

Reuters