EU: Shake up of sugar market announced, but no joy for consumers
A shake-up of the EU sugar market was proposed yesterday (4 October) by the European Commission, but although it involves substantial cuts in subsidies, Brussels officials said that they did not expect sugar price rises for the food processing industry.The Commission is expecting to save the equivalent of GB£200m annually by withdrawing support for storage; an official in Mr Fischler's office said that this "should not in itself lead to higher sugar prices for the food processing industry.
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