GREECE
July 1st, 2002
Keith Nuthall
THE EUROPEAN Commission has fixed Greece's cotton production this year at 1.25 million tonnes, resulting in EU aid of Euro 571 million (Pounds 354 million) and a minimum price of Euro 593-a-tonne (Pounds 368). New rules have been introduced to prevent a volume of cotton being placed on the market which, said the Commission, "could have an adverse effect on the environment and cause significant falls in the price paid to growers."
THE EUROPEAN Commission has fixed Greece's cotton production this year at 1.25 million tonnes, resulting in EU aid of Euro 571 million (Pounds 354 million) and a minimum price of Euro 593-a-tonne (Pounds 368). New rules have been introduced to prevent a volume of cotton being placed on the market which, said the Commission, "could have an adverse effect on the environment and cause significant falls in the price paid to growers."
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