Portugal: Ministry gives another week for application to the Crisis Reserve measure

Published 2022년 8월 16일

Tridge summary

The Portuguese Minister of Agriculture and Food has extended the application period for the 'Crisis Reserve' measure until August 19, to support the economic sustainability of the agricultural sector. This measure, inspired by the impact of the Ukraine war on production costs, will allocate funds to the poultry, pork, and cow's milk sectors, with total allocations of 4.4 million euros, 6.4 million euros, and 13.5 million euros respectively. This initiative will be further supported by an exceptional measure from the European Agricultural Fund for Rural Development, with a total allocation of 57.1 million euros for the continent.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Last Friday, the Minister of Agriculture and Food informed the Confederations of the extension until August 19 of the application period for the "Crisis Reserve" measure, whose deadline ended on that day, August 12. The information from the Ministry of Agriculture and Food refers to Ordinance no. of the war in Ukraine. The allocation aims to promote the economic sustainability of agricultural production, the maintenance of its activity and the ability to supply the market, and will be distributed as follows: - Poultry sector – 4.4 million euros; - Pork sector – 6.4 million euros; - Cow's milk sector – 13.5 million euros. The decision to apply this support to the aforementioned sectors “took into account the greater impact of the increase in the costs of production factors recorded since the beginning of the war, namely animal feed, energy and fertilizers, as well as the support that is being applied in the Member States of the European Union that are geographically closer and that ...
Source: AgroNegocios

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