EU blames Brazil for low sugar prices
Citation
CTA. 2002. EU blames Brazil for low sugar prices. Agritrade, June 2002. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52753
Abstract/Description
In response to Brazil's threat of a WTO
action...
Notes
In response to Brazil's threat of a WTO
action against the EU sugar regime, the European Commission has
accused Brazil of being responsible for recent low world sugar prices.
Speaking at the Agra Europe Outlook Conference, Lars Hoelgaard,
the Director for Crops in DG VI, pointed out that 'Brazil has
been expanding its own production of sugar dramatically over the
last ten years' and was now looking to increase its exports
to an estimated 12 million tonnes from between 2 to 3 million tonnes.
He maintained that Brazilian production is 'clearly outstripping
the increase in demand and depressing prices and that's creating
a further imbalance'. In contrast, the Commission has highlighted
how its own export policy for sugar is entirely within WTO rules.
Comment:
The EU's sugar export may be entirely within WTO rules but this
is largely because the rules were structured to accommodate the
5 to 6 million tonnes which the EU has been exporting to the world
market in recent years, despite the EU being one of the highest
cost sugar producers in the world.
Subjects
MARKETING AND TRADE;Collections
- CTA Agritrade (English) [583]