EU: Drop in agricutural export refunds prompts EU budget cuts
The Agenda 2000 reforms of the EU's Common Agricultural Policy appear to be having an effect, with the European Commission announcing that it is likely to spend €930m less than expected in its 2001 budget.Brussels has said that it expects big saving to be made in market supports for arable crops (€335m), sugar (€105m), fruit and vegetables (4130m), dairy (€399m) and sheepmeat (€174m) below budgets previously earmarked for these farming sectors.By contrast, appropriations will have to be increased for olive oil plus €89m), fibre plants (€97m) and beef (€82m).The savings have come because of an estimated drop in export refunds and the stabilisation of many sectors, allowing public stocks to be reduced.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Analysis: Post discusses rationale for Weetabix
- Interview: Sir Kensington's on sale to Unilever
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- US food next wave on display at Winter Fancy Food
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Nestle organic growth slows but beats expectations
- Suntory to offload Australia, New Zealand foods
- ABF buys UK sports nutrition firms H5, Reflex