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EU Sugar Market: Current Situation and Policy Reform Presented by LMC International Belgrade, 27 May 2004

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EU Sugar Market: Current Situation and Policy Reform Presented by LMC International Belgrade, 27 May 2004. Presentation Format. Current market situation and policy Options for policy reform. EU Sugar Regime (to 2005/06). Key Features: Production quotas Support (intervention) prices

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Presentation Transcript
slide1
EU Sugar Market:Current Situation and Policy Reform Presented by LMC InternationalBelgrade, 27 May 2004
presentation format
Presentation Format
  • Current market situation and policy
  • Options for policy reform
eu sugar regime to 2005 06
EU Sugar Regime (to 2005/06)

Key Features:

  • Production quotas
  • Support (intervention) prices
  • Market access arrangements
production quotas
Production Quotas
  • Quantity for sale at support prices (A and B quota)
  • Additional production exported to world market (C sugar)
support prices
Support Prices

Guaranteed prices set for:

  • EU beet sugar quotas
  • Raw cane sugar imports
  • Basic beet price
preferential access
Preferential Access

Raw sugar:

  • Sugar Protocol (ACP); EBA; MFN; SPS

White sugar:

  • Western Balkans
eu border protection
EU Border Protection
  • No imports enter EU outside of preferential arrangements
  • White sugar tariff €419 per tonne
  • Plus safeguard duty (€117/mt at world price of US$230/mt)
presentation format1
Presentation Format
  • Current market situation and policy
  • Options for policy reform
pressures for reform
Pressures for Reform
  • WTO Doha Round
  • WTO challenge
  • Access arrangements
  • Internal reform process
eu regime post 2005 06
EU Regime – Post 2005/06

Influences:

  • Likely outcomes from the WTO Doha Round
  • EU Commission policy options
eu commission s reform options
EU Commission’s Reform Options
  • Status Quo/Fixed Quotas
  • Price Cut
  • Full Liberalisation
status quo fixed quota option
Status Quo/Fixed Quota Option
  • Supply managed by quotas
  • Requires supply restraint by countries with duty-free access
  • Higher prices maintained
price cut option
Price Cut Option
  • Supply managed by price
  • Quotas phased out
  • Leads to large price cut
liberalisation
Liberalisation
  • Removal of quotas and tariffs
  • Substantial price cut
eu price mechanism
EU Price Mechanism
  • Fixed Quotas: WTO commitments dictate price
  • Price Cut: EU manages prices
  • Liberalisation: World price
wto challenge
WTO Challenge

Challenge to:

  • Export subsidies on re-exported raw sugar imports
  • Cross-subsidisation of C sugar

Potential impact on quotas and production, and support for Fixed Quota option

eu price outlook
EU Price Outlook
  • Price Cut Option: - 38%
  • Fixed Quotas Option: - 17%
  • Liberalisation: - 52%
  • Serbia – 160,000 tonne initiative falls within Fixed Quotas agenda
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