Article

2005-06-23 Europe

EU adopts plan to reform European sugar market

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Posted by Fred 2005-06-23 00:00|| || Front Page|| [1 views since 2007-05-07] Top

#1 Something the US should look at also.

Posted by Shipman 2005-06-23 07:16|| 2005-06-23 07:16|| Front Page Top

#2 The EU doesn't produce sugar on the continent, (although it does in its colonies). The US does. So when pressed for reform, they suggest a commodity where dropping the subsidies will pressure the US to do the same, with asymmetrical results (i.e. harder on US producers than on theirs) IIRC.

Posted by too true 2005-06-23 08:35|| 2005-06-23 08:35|| Front Page Top

#3 sweet!

Posted by 2b 2005-06-23 08:36|| 2005-06-23 08:36|| Front Page Top

#4 In the US, one of the major reasons for sugar price controls is the corn-sweetener producers like ADM. If sugar prices are high, food companies use high-fructose corn syrup instead. But if you've ever had a coke made with real sugar, you know it's better.

Posted by Spot">Spot 2005-06-23 08:52|| 2005-06-23 08:52|| Front Page Top

#5 Coke with sugar better, check.
Pecan pie with corn syrup and cream cheese, yummy.

On a serious note, price controls never do anyone any good. Let the market deside what to price things at.

Posted by mmurray821 2005-06-23 09:33|| 2005-06-23 09:33|| Front Page Top

#6 MORE SUGAR!
-- Firesign Theatre, 1971

Posted by mojo">mojo 2005-06-23 10:11|| 2005-06-23 10:11|| Front Page Top

#7 Too true

You are wrong. Europe produces sugar. Most of it is beet sugar, but thanks to French posessions in the Caribbean, also a bit of cane sugar.

Heavy subsidies allow the european sugar to out-compete the sugar Mozambican and poor countries.

Posted by JFM">JFM 2005-06-23 11:47|| 2005-06-23 11:47|| Front Page Top

#8 JFM, thank you for reminding me about the beet sugar. I did know about the Caribbean cane sugar and mentioned that earlier.

Posted by too true 2005-06-23 16:39|| 2005-06-23 16:39|| Front Page Top

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