The European Commission offered, on May 7, 2007, to amend the sugar industry's restructuring scheme, to encourage a larger number of producers to get out of this sector. The goal is to incite producers to renounce to their quotas and receive in return financial support to help them in the restructurings process. (Ref. 070405)
One of the main changes offered is to set to 10% the help percentage granted to producers and machinery contractors. Producers who free their quotas will get extra help, paid retroactively to avoid penalizing those who already gave up their quotas. It is also offered that beet growers can directly ask for help to the reorganization fund, with a certain limit.
Extra incentive. “The restructuring fund is a fundamental element of our reform; it offers financial incentives to sugar refineries which
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