EU looking to end sugar quotas that limit domestic sugar production in 2015 after policy led to supply shortage this year
October 14, 2011
– The European Union is looking to remove limits on domestic sugar production in 2015 after the policy led to a supply shortage this year, Bloomberg reported Oct. 12.
Sugar quotas in the world’s largest sugar beet producer currently place a cap on how much sugar can be produced for the EU market, but the quotas should expire Sept. 30, 2015, the European Commission said in Oct. 12 proposals for the bloc’s future agriculture policy.
Higher prices for sugar would lead to a growth in production by countries such as Poland, Germany, and France that are more efficient at producing beets, and that would lower the need for imports, according to Alan Matthews, emeritus professor of European agriculture policy at Dublin-based Trinity College.
The primary source of this article is Bloomberg, New York, New York, on Oct. 12, 2011.