If ethanol hits it big as a fuel (which I have some doubt about) I expect the agricultural regulations on sugar to change dramatically. A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
And now that it appears to work, others do the same, and production suddenly cannot cope. (European sugar is still more expensive to produce than current prices, but we may end up suddenly with a situation where prices have increased enough to make European sugar profitable again withotu subsidies...) In the long run, we're all dead. John Maynard Keynes
The de facto effect is to lower the international price of sugar, and to cut the profits that Brazilian producers could have made. The price that domestic sugar consumers in Brazil would have gotten without European subsidies in place would have depended on whether the government allowed Brazilian producers to sell internally at world prices or at domestic production prices. In the long run, we're all dead. John Maynard Keynes
