EU COUNCIL OF MINISTERS SUGAR GLUT ACTION CALL

BY KEITH NUTHALL

GERMANY, Austria, Denmark, the Netherlands, France, Belgium and Sweden, have pressed the European Commission to reduce European Union (EU) sugar production quotas by 10% for 2006/7, because of a pan-EU 2 million sugar surplus generated in 2005/6. Germany said current intervention stocks should continue to be stored to protect prices.

ENDS


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