CORRECTED-Cereal sweetener output could surge in E.Europe after EU quotas
(Corrects to show Tate & Lyle Plc is an owner of Hungrana. Removes reference to ASR Group)
* Hungary, Romania, Bulgaria seen as key isoglucose origins
* Rabobank sees output up to 1-2 million tonnes/year
By David Brough
LONDON, Aug 15 (Reuters) - Cereal-based sweetener output could surge in the cereal- and starch-rich but sugar-poor countries of Eastern Europe after EU sugar production quotas are lifted in 2017.
Output of isoglucose, also known as high-fructose corn syrup (HFCS), is now subject to a production quota of about 700,000 tonnes a year, or some 4 percent of the EU sweeteners market.
Most production in the 28-nation European Union currently takes place in eastern countries.
Rabobank said EU isoglucose output could jump to between 1 million and 2 million tonnes a year, depending on HFCS prices versus sugar prices, beverage and food manufacturers' willingness to use an alternative sweetener, and consumer preference.
"Rabobank believes that isoglucose production could take off, particularly in grain and starch-rich but sugar-poor countries such as Hungary, Romania and Bulgaria," the Dutch company said in a report released this week. Continuación...