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Members of the European parliament recently voted on renewing EC regulation No 2038/1993; on price support, import quotas, export 'refunds' and all those 'indirect' subsidies that keep Europe's sugar mountain piling up. The EU currently pays more than double the world price of sugar per ton. This gives EU farmers an incentive to cultivate ever more beet whilst luring others into the sugar-beet business.
Sugar-beet now are grown in every member state except Luxembourg. Whilst farmers now produce to the maximum -- 18m tons -- the EU consumes 12.5m tons a year. Hence the EU deposits at least 5m tons of sugar on the world market per …