Europe is on the brink of sugar deluge as decade-long quotas end

London

EUROPE is about to get a lot sweeter.

After a decade of quotas, sugar firms in the European Union can now produce and export as much as they want. Companies such as France's Tereos and Germany's Suedzucker AG have been ramping up operations to get ready for the change, which will help fuel a global sugar glut.

The scrapping of quotas - the last of the EU's agricultu…