production refund

Finally, production refunds for sugar used in the chemical industry are, in the future, to be provided by the sector itself.

Similarly, the Commission cannot accept Amendment No 27 extending production refunds to products not in international competition with cheap olive oil.

Regarding potato starch, which is of course regulated by the cereal market organisation, we envisage the fundamental retention of production refunds.

The system of export and production refunds compensates for the difference in the price of the raw material on the world market and the EU market.

Then, the abolition of intervention for rye, the abolition of the minimum price for starch potatoes and the abolition of production refunds for starch.

From the point of view of economic principle, the retention of production refunds in the starch sector is no longer necessary, as market prices will correspond to those on the global market.

Amendment No 40 expresses the wish that the EAGGF should continue to participate in the funding of the production refunds for the first 60 000 tonnes of sugar used in the chemical industry.