EU SUGAR CAP REFORM – WTO DOHA ROUND – COUNCIL OF MINISTERS
December 1st, 2005
BY KEITH NUTHALL
THE PRICE of sugar bought by EU food and drinks producers is to fall, following an agreement at the Council of Ministers on reducing EU sugar production subsidies by 36% over 4 years, with farmers compensated by payments independent of production representing 64.2% of the price cut on average. Also, for countries giving up at least 50% of sugar production quotas, additional compensation payments 30% of income losses over five years may be paid.
ENDS
THE PRICE of sugar bought by EU food and drinks producers is to fall, following an agreement at the Council of Ministers on reducing EU sugar production subsidies by 36% over 4 years, with farmers compensated by payments independent of production representing 64.2% of the price cut on average. Also, for countries giving up at least 50% of sugar production quotas, additional compensation payments 30% of income losses over five years may be paid.
ENDS
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