Agricultural prices 1998/1999: premiums for leaf tobacco

Agricultural Prices 1998/99 - Tobacco A Council Regulation extends the present market organisation arrangements for tobacco by a year (1988). Reform, as proposed in January 1998, would be implemented from the 1999 harvest onwards. As regards the 1998 harvest, it should be pointed out that the guarantee thresholds (quotas) were already fixed by the Council some time ago. The Commission proposes to maintain the premium at the same level as 1997 for each of the eight variety groups. In fact, experience shows that the current distribution of the premia is generally correct, in view of the fact that those varieties with a higher market demand are currently produced up to the level of quotas and that no overshooting of the quota was observed. �