Analysts at investment company Brewin Dolphin are predicting a bright future for the British sugar industry, as stabilising prices have boosted European sugar exports. This comes as good news for the food industry as a whole, which has seen growth and excellent sales performance recently even despite the current global economic industry, as well as for those in food jobs.
There has been significant upheaval in the European sugar industry in the last few years, mainly due to the restructuring of the EU Sugar Regime. Now this has ended, prices have stabilised. What's more, due to rocketing prices in the rest of the world, this means that the potential for export of British sugar products has greatly increased, leaving the market wide open for growth and development.
According to Brewin Dolphin, the food processing company Associated British Foods (ABF) stands to profit the most from the current situation, and it is subsequently predicted that sales figures and expansion opportunities for the ABF will improve dramatically in the next two to four years.
As for the recent and controversial Kraft takeover of Cadbury, analysts are predicting that there will a positive outcome for the British sugar and confectionery market. This is because former Cadbury investors can now and put their cash into other companies such as ABF and Tate & Lyle, who are expected to take full advantage of these stabilising sugar prices.
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