Video guest: Josephine Mwangi

October 2017
M T W T F S S
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5



SELECT_TAGS :
















Twitter

Follow the CTA Brussels Daily

 

twitter logo

 

facebook logo cta

Wednesday, 16 November 2011

Delegations propose a prolongation of the sugar regime

The 3123rd Council meeting on Agriculture and Fisheries held in Brussels on 14 November 2011 was briefed on the prolongation of the sugar regime to 2020 at the request from the Hungarian delegation, supported by the French, Lithuanian, Austrian and Romanian delegations (16666/11).

Because of the considerable price volatility in the world sugar market, these delegations and some others would like the sugar regime to be maintained until 2020 in its existing form. If some member states could envisage a limited extension of the quota regime in order to avoid a brutal disruption in the sugar production, some other countries reject the idea of any prolongation of this regime.

The countries in favour of maintaining the quota regime until 2020 noted that the world indicator price for raw sugar witnessed a succession of peaks and downward corrections. Market fundamentals driving volatile prices were large. Global sugar deficits in the previous two seasons and adverse weather in a number of countries reduced the size of the expected rebound and produced higher prices. World sugar stocks, which had already been drawn down, fell to their lowest level in 20 years in 2010-11. This has led to higher as well as more volatile market prices.

Source: Council of Ministers

Tags: