AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)

European sugar producers called on Monday for the EU's planned sugar reform to include at least a partial link of subsidy to production, while accepting the likelihood of cuts in minimum prices and national quotas.
Sugar is the EU's last key farm regime to survive virtually untouched since its launch in the late 1960s. The European Commission, the EU's executive arm, now plans a huge shake-up - something that critics of the policy have demanded for years.
"CEFS recognises that there are likely to be some price and volume cuts to adapt the European sector to internal and external pressures," the Brussels-based EU sugar producers' body CEFS said in a statement.
"CEFS considers that the income paid to compensate growers for the beet price cuts should be at least partially coupled to secure beet supplies and ensure the sustainability of sugar beet factories," it added.
In its current form, the system helps to keep internal prices at more than three times above the world market. Existing sugar policy is due to expire in 2006 and involves a complex system of national production quotas.
The Commission has tabled three options for sugar reform: to keep the status quo, cut internal prices with a phase-out of national production quotas eligible for subsidy or full liberalisation. It plans to issue a document sometime next month that is expected to narrow down these options to just one.
CEFS called for compensation for EU sugar growers who decided to quit the industry.
"CEFS recommends at the same time that there should also be financial compensation available for the industrial sugar manufacturers to compensate them for reductions in their sugar production including in case they decide to partly or fully exit from beet and sugar production," it said.

Copyright Reuters, 2004

Comments

Comments are closed.