EUSUGAR REFORM
July 1st, 2004
BY ALAN OSBORNSWEEPING reforms of the European Union's (EU) sugar regime proposed earlier this month (July) by the European Commission appear to be good news for the confectionery and other big sugar-using industries - but representatives have warned of rearguard action by producers.Brussels says that their price guarantees should fall by about one third, production quotas be sharply reduced and subsidised exports slashed from 2.4m to 400,000 tonnes. If the reforms are approved by the EU Council of Ministers, there should be a closing of the sugar price gap ...
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