(3) The world sugar market remained well supplied in 2000 although there was a short lived speculation for higher prices released by exaggerated reports about eventual crop shortfalls. Low world prices required the EU Commission to make fine-tuned cuts into national sugar quotas for exactly complying with WTO export restric-tions. The Council of Farm Ministers agreed to roll on the Common Market Organization without making deci-sive changes while medium term prospects signal world supplies to further outpace demand.
