Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-03-10-Speech-4-168"

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"en.20050310.19.4-168"2
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"We are aware of allegations that the present arrangements for the sugar sector have distorted the market, leading to high prices for the consumer and a negative impact on the world market, particularly for developing countries. It was because of these allegations that in July 2004 the Commission brought forward a proposal for reforming the COM for sugar, based on a two-stage price reduction phased over three years of 37% in the guarantee price and 33% in the institutional price; on the abolition of the intervention price, which is currently three times the world market price; and on eliminating public intervention, which will be replaced by a system of private stocks. The intervention price is to be replaced by the reference price. Furthermore, sugar production quotas and subsidised exports are also to be reduced. The only support envisaged is the introduction of income aid in the form of a decoupled payment to sugar beet producers to partially compensate them – for 60% of the total – for the loss of income resulting from the reduction in prices, together with the introduction of possible transfers of quotas between operators in different Member States. We cannot accept these proposals and we therefore tabled various amendments. Unfortunately, not all of these were adopted."@en1

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