European companies have to decrease their sugar output with 1.14 millio tons
If they fail to make satisfactory cutbacks, companies risk a final cut with no compensation being imposed on them.
Until now, 4.8m tonnes have been
renounced within the restructuring scheme, which was introduced in
Europe in 2006 to improve competitiveness and market orientation of
the EU sugar sector and to guarantee its long term future.
The
goal is to reduce the volume of sugar on the market by 6m tonnes by
2010, with exports limited to 1.374m tonnes and imports increased
substantially.
In the first two years, 2.2m tonnes were renounced.
For 2008 to 2009, the first step of renunciation equals 2.5m tonnes,
while the amount for 2009 to 2010 currently stands at 0.1m.
Related news
Related news
What makes us add the product to the cart – research
The latest joint research by PwC and Publicis Groupe Hungary…
Read more >Energy drinks are now legal: what every shopkeeper should know
New regulations on the sale of energy drinks came into…
Read more >The prices of household and hygiene products can also be tracked in the Price Watch
The online Price Monitoring System operated by the Hungarian Competition…
Read more >