SUGAR: CHANGES TO RESTRUCTURING SCHEME.
As announced by Europolitics in its 3 May issue, the European Commission proposed on 7 May changes to the sugar restructuring scheme aimed at making it more effective and thus reducing European Union sugar production to sustainable levels. The restructuring scheme was a key element of the 2006 reform of the Common Market Organisation for sugar, offering producers who would be uncompetitive at the new lower price a financial incentive to leave the sector. Unfortunately, much less quota has been renounced during the first two years of the scheme than anticipated and changes therefore have to be made to make it more attractive. One of the main changes proposed is that the percentage of aid given to growers and machinery contractors should be fixed at 10 % (see Europolitics 3299). (AFE)
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|Article Type:||Brief article|
|Date:||May 8, 2007|
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