Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-11-Speech-2-750-000"
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"en.20120911.43.2-750-000"2
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"Mr Dess, you referred to the problems being from high world prices for sugar. Do you accept that EU sugar prices are, in fact, 46% higher than the world price, having risen nearly 50% since the Commission first recognised the EU sugar crisis in December 2010? EU sugar prices are rising while world prices are actually falling, so it is not a problem of high world prices.
Secondly, do you accept that there has been a perverse incentive for beet processors to bid up the price of raw cane sugar, forcing traditional refiners out of business while rapidly increasing the profits on their sugar beet sales by pushing white sugar prices higher? That is why white sugar prices are higher."@en1
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