The case for further cereals-sector reform
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CTA. 2002. The case for further cereals-sector reform. Agritrade, November 2002. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52603
Addressing the EU Agricultural Council in...
Addressing the EU Agricultural Council in September 2002 Commissioner Fischler pointed out that the Commission's intention was to maintain exports without being reliant upon export refunds. In this context he suggested that the EU would be 'well advised to move a further 5% on the intervention price. This will obviously improve our competitive position on both external and internal markets'. He suggested that this would need to be implemented carefully to 'ensure that our external tariff protection works'. Comment: This final 5% reduction will complete the process of cereals-sector reform. Currently reports from southern Africa suggest that French wheat traders are offering wheat for sale at 20% below the world market price. A further shift towards direct aid payments will entrench this market distortion.