Hungary: Brussels refuses market protection measures to pig farmers, says Ministry of Agriculture

Published 2021년 10월 12일

Tridge summary

Hungary, along with other member states, has urged the European Commission to take immediate action to address the rising challenges faced by pig farmers within the EU. The situation is worsened by a surge in production costs, feed and energy prices, coupled with a significant drop in transfer prices, making pig farming unprofitable. The European Commission has so far refused to propose immediate market protection measures and has initiated the process of using a crisis fund to address these issues. The use of the crisis fund, however, requires approval from the European Parliament. In the meantime, Hungary is supporting its pig farmers with increased animal welfare subsidies, subsidized loans, and a new crisis insurance system.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Along with several member states, Hungary has also called on the European Commission to use its mandate and take immediate market measures to prevent the crisis in pig farmers from deepening further, István Nagy said after the meeting of EU agriculture ministers. Pig farmers expect decisive action from the EU According to a statement issued by the Ministry of Agriculture (MoD) on Tuesday, the minister reminded that Hungarian pig farmers, who provide more than a third of domestic meat production, and European Union industry players have to face unprecedented difficulties. In a short time, production costs, feed prices and energy costs have risen sharply. During the same period, however, transfer prices fell drastically, so dangerously "the scissors opened." As a result, pig farming is now unprofitable for even the most efficient farms. And this situation cannot be maintained even in the short term, István Nagy added. He explained the European Commission had refused to propose ...
Source: Trademagazin

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