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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap EU sugar companies big winners from CAP subsidies AFP - 2 hours 47 minutes ago Send IM Story Print Packets of French produced sugar are pictured in a store in 2007. Sugar companies were among the largest beneficiaries last year of Europe's Common Agricultural Policy payments, according to statistics made public Saturday by most EU member countries. BRUSSELS (AFP) - – Sugar companies were among the largest beneficiaries last year of Europe's Common Agricultural Policy payments, according to statistics made public Saturday by most EU member countries. "Each year there are special payments. For the 2009-2009 period the sugar sector benefited from the aid for exporting", the European Commission spokesman for Agriculture, Roger Waite, said on Friday. In France, in the year between October 2008 and 2009, three sugar companies received the top subsidies: Tereos (117.9 million euros/156.8 million dollars), Saint Louis Sucre (143.7 million euros) and Cristal Union (57.2 million euros). In Spain a sugar company also occupied first place, with Azucarera Ebro receiving 119.4 million euros. The world's leading sugar company Sudzucker came second in Germany's list with its 42.9 million euro subsidy, behind the dairy company Nordmilch (51,1 million euros). The CAP aid for exports allows European exporters to remain competitive by compensating for the EU's higher prices compared with world markets. It is the second year running that EU countries have had to publish by April 30 the full list of beneficiaries of CAP payments, with the aim of using the information to debate the future of the policy. France and Britain, which has delayed the publication of its list until after the country's general election on May 6, are the two main protagonists in the hotly debated reform of the CAP. Britain wants to put an end to direct subsidies, while France is fighting to retain them. Recommend Send IM Story Print News Search Top Stories Hundreds gather for US May Day immigration protests EU sugar companies big winners from CAP subsidies Bolivia nationalizes electricity companies Obama says US economic heartbeat 'growing stronger' Putin proposes merging Gazprom, Ukraine gas firm More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Lady Gaga, Bill Clinton, Lula top Time's influence list Australia plans world-first plain cigarette packets Obama says US economic heartbeat 'growing stronger' Spain jobless rate tops 20%, adding to debt worries Disaster looms as oil slick reaches US coast More Most Viewed » Aliens may exist but contact would hurt: Hawking Apple engineer loses iPhone prototype French driving veil row escalates Airlines want compensation as Europe's skies reopen More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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