Press Release: CAP reform: Commission welcomes success of EU sugar reform as restructuring process concludes

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Series Details IP/09/366 (05.03.09)
Publication Date 05/03/2009
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The 2006-2009 scheme for the restructuring of the European sugar industry resulted in the renunciation of 5.8 million tonnes of quota, very close to the initial objective of 6 million tonnes. At the end of this 4-year process, a key element of the 2006 sugar reform, EU quota for sugar and isoglucose has been lowered to 14 million tonnes (of which 13.3 million tonnes for sugar). EU sugar production is now concentrated in 18 Member States (as opposed to 23 before the reform) which enjoy favourable agronomic conditions, and nearly 70 percent of production is in 7 Member States with the highest sugar yields. Domestic prices are showing a downward trend consistent with the objective of the reform to achieve a sustainable and competitive EU sugar sector.

Source Link http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/366&format=HTML&aged=0&language=EN&guiLanguage=en
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