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Europe Daily Bulletin No. 8734

25 June 2004
Contents Publication in full By article 20 / 33
GENERAL NEWS / (eu) eu/agriculture
Commission to propose ambitious reform of sugar regime - Quotas reduced and prices down 30%

Brussels, 24/06/2004 (Agence Europe) - On 14 July, the European Commission is to adopt a communication by Commissioner Franz Fischler on an ambitious reform of the sugar regime, starting during the marketing year 2005/2006. According to a draft document, the Commission suggests: -a reduction of the support price by 33% over three years; -a 37% reduction in the minimum sugar beet price; -a reduction of production quotas by 2.8 million tonnes. The Commission also plans to compensate 60% of lost...

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